Economic effects of transparency in international equity markets : a review and suggestions for future research

Author(s)

• Lang, Mark H. (Mark Harold)
• Maffett, Mark

Bibliographic Information

Economic effects of transparency in international equity markets : a review and suggestions for future research

Mark Lang, Mark Maffett

（Foundations and trends in accounting / editor-in-chief, Stefan J. Reichelstein, v. 5, issue 3）

Now, c2011

Note

Originally published as Foundations and trends in accounting, v. 5, issue 3 (2010)

Includes bibliographical references (p. 63-69)

Description and Table of Contents

Description

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.

Table of Contents

1. Introduction and Overview 2. Why International Equity? 3. The Economic Effects of Transparency 4. Directions for Future Research 5. Conclusions

by "Nielsen BookData"

• NCID: BB07108491
• ISBN:
  • 9781601984487
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Hanover, Mass.
• Pages/Volumes: 69 p.
• Size: 24 cm
• Parent Bibliography ID:
  • BA82927885