Accounting Quality of U.S. Listed Chinese Enterprises: Disclosure Level of State-Owned and Non-State-Owned Enterprises

Abstract

This proposal is commissioned to discuss U.S.s the differences in the disclosure level of U.S. listed Chinese state-owned enterprises (SOEs) and the U.S.-listed Chinese Non-state-owned (Non-SOEs) enterprises. Topics include introduction, objective, importance, test process and conclusion. During the past two decades, the economy of China went through rapid growth, providing Chinses enterprises a solid basement to develop. With the goal of obtaining funds for further expansion and staying competitive in the international market, more Chinese enterprises choose to go public in the U.S. The disclosure level of Chinese enterprises plays an essential role in the decision-making of foreign investors. Whether owned by the Chinese government makes investors view disclosure levels differently since Chinese SOE exists as a special type of business. From the test and analysis, no obvious differences exist between the disclosure levels of SOE and Non-SOE.