Financial reporting environments and international capital mobility

• 成果类型: Article
• 署名作者: Young, DQ; Guenther, DA
• 署名单位: Chinese University of Hong Kong; University of Colorado System; University of Colorado Boulder
• 刊物名称: JOURNAL OF ACCOUNTING RESEARCH
• ISSN/ISSBN: 0021-8456
• DOI: 10.1111/1475-679X.00116
• 发表日期: 2003
• 页码: 553-579
• 关键词: value relevance; INFORMATION

摘要

We examine whether differences in international capital mobility across countries are related to country-specific differences in financial reporting environments. We hypothesize that countries where financial accounting environments lead to greater disclosure of value-relevant accounting information are more likely to have higher international capital mobility. The results of empirical tests are consistent with our hypothesis.