Financial Reporting Environments and International Capital Mobility

Authors: Young D.¹; Guenther D.A.²

Source: Journal of Accounting Research, Volume 41, Number 3, June 2003 , pp. 553-579(27)

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Abstract:

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.

Document Type: Research article

DOI: http://dx.doi.org/10.1111/1475-679X.00116

Affiliations: 1: Chinese University of Hong Kong 2: University of Colorado at Boulder

Publication date: 2003-06-01