Re: [registrars] China Government tightens up on Registrars....

["Robert F. Connelly" <rconnell@xxxxxxxxxxxxx>]

At 02:19 PM 11/24/03 +0000, Paul M Kane wrote:
> "Small companies without an established investment and physical presence 
> are much more likely to disregard regulations," said Nathan Midler, a 
> research manager at IDC Asia Pacific
Dear Registrars:  I would differ with this assessment. I know my opinion is 
controversial on this list.  However, U.S. firms with publicly traded 
shares on one of the "big boards" are much more likely to focus on 
quarterly reports and their effects upon the corporate temptation to turn a 
blind eye to discrepancies -- if it helps them boost the apparent increase 
in profits and the resultant increase in the selling price of their shares.
Regards, BobC, which is "speaking" from his long experience with the 
"quarterly report syndrome".  I am not speaking a Secretary of the RC.