What affects the inconsistency between KAMs and CAMs? Evidence from cross-listed firms

Puntos clave

• Inconsistency in financial reporting impacts investor decisions significantly, especially in cross-listed firms.
• Key accounting metrics show considerable variation, affecting market efficiency in these companies.
• Observational analysis across various markets reveals the financial reporting impact of market dynamics on accounting metrics.
• These findings highlight the need for better alignment between accounting metrics and market behaviors.