With the effect of economic liberalization and globalization, domestic companies are gradually advancing to international capital market for raising funds. Overseas financing now seems to be an important strategy consideration if a company plans to spread its operation into the world and expand its capital resources. Through the flexible manner, a domestic company can not only promote the reputation overseas, but also lower the uncertainties upon the cost of capital. In this study, we take some Taiwan listed companies that plans to raise money overseas as samples. Firstly, a logistic regression model is used to see whether a company will tend to raise funds abroad when the board is more independent and earnings management less affected. Thereafter, an ordered response model is used to find whether the structure of a board becomes more independent and the quality of financial reports is better when the company has various tools to raise funds overseas. The empirical results in this paper show that: On the part of the structure of the board, 1. The proportion of family members in a board is significantly negative associated with the company’s manner on cross-listings. That means the more the proportion of family members in a board is, the more likely the company tends to raise money from domestic market. 2. The proportion of outside directors in a board is significantly positive associated with the company’s manner on cross-listings. That means a company is more willing to raise money from abroad when the proportion of outside director in the board was enhanced. 3. The proportion of independent directors in a board is positive associated with the company’s manner on cross-listings, but not significantly. For the quality of financial reports, the discretionary accruals are significantly negative associated with the company’s manner on cross-listings. That means the quality of financial reports will be better when the company plans raise money from abroad.