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The Relative Informativeness of Accounting Disclosures in Different Countries (Classic Reprint) - Softcover

Andrew Alford

 
9781332278602: The Relative Informativeness of Accounting Disclosures in Different Countries (Classic Reprint)

Synopsis

This book compares the informativeness of accounting disclosures in different countries by utilizing the United States as a benchmark. The author examines annual accounting earnings from 16 countries and analyzes the timeliness and information content of these numbers across sampled countries. The results reveal differences in the usefulness of accounting earnings, with some countries demonstrating a higher level of informativeness and timeliness than the United States, while others exhibit less. The book contributes to the existing literature on the contemporaneous association between stock return metrics and accounting earnings, providing valuable insights into the impact of capital market regulations, accounting standards, and corporate governance on the effectiveness of financial reporting. It highlights the importance of considering country-specific factors when assessing the reliability and relevance of accounting information.

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