Do Chinese Firms Listed in US Perform Better?

This paper examines whether Chinese companies listed in U.S. stock market perform better than their companions-Chinese companies listed in domestic stock market of China. The evidence suggests that the former companies have higher return on assets and higher return on equity than the latter companies of the same industry and scale. Further analysis suggests that these results are not caused by GAAP difference. The better performance of Chinese firms listed in U.S. could explained by the better investor protection in the U.S. market.