A Comparison of Financial Reports' Conservatism between Hong Kang and the Mainland Stock Markets

This paper investigates the differences of financial reports' conservatism betwe en Hong Kang and the Chinese Mainland markets. We measure accounting conservatis m with Basu conservatism model. The study results do not find significant differ ence in the conservatism, using data of financial reports of cross-listed firms in Hong Kong and Chinese A-share markets.