“Foreign private issuers have common shares listed in the U.S. stock markets. Thus, the domestic investors trade their shares using the information provided by them. The SEC and FASB require them to abide by some policies and procedures. FPI (FOREIGN PRIVATE ISSUERS) can use IFRS or US GAAP, and most of them listed in the U.S. market use IFRS. Also they do not issue 10-Q, while domestic firms should file 10-Q. ”
Do you think that these policies increase the information asymmetry for foreign private issuers?
Why or why not?
How are these policies affect the information asymmetry related to FPI?
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