Economic Effects of Transparency in International Equity Markets: A Review and Suggestions for Future Research - Brossura

Mark Lang (author) & Mark Maffett (author)

Brossura

ISBN 10: 1601984480 ISBN 13: 9781601984487

Casa editrice: Now Publishers, 2011

Riassunto

Economic Effects of Transparency in International Equity Markets reviews the existing accounting, finance and economics literatures on the economic effects of transparency in international equity markets, considers aspects of an international Setting that make it an interesting environment for investigating these effects, and suggests directions for future research. The authors focus on the availability of firm-specific financial information to equity stakeholders and the effects of the quantity and quality of that information on own-firm equity value. Drawing from the FASB/IASB conceptual framework, this monograph defines high quality financial information as information that both faithfully represents the substance of an underlying phenomenon and can be understood by users of that information. Economic Effects of Transparency in International Equity Markets focuses on an international context to investigate the effects of transparency because overall levels of transparency tend to be low, there is substantial cross-country institutional and regulatory variation and managers and regulators in these environments face significant tradeoffs in determining optimal transparency levels. Although this variation can sometimes complicate the researcher's effort to make inferences across different institutional environments, the authors highlight how these differences can be exploited to identify potential disclosure and informational effects that may be too subtle to detect in more homogenous, single-country, Settings and to understand the interactions between transparency and other aspects of the firm's economic environment.

Su questo libro

Product Description:

Book by Lang Mark Maffett Mark

Su questa edizione

• Editore: Now Publishers
• Data di pubblicazione: 2011
• ISBN 10: 1601984480
• ISBN 13: 9781601984487
• Rilegatura: Copertina flessibile
• Numero di pagine: 80