Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/77237
36 Visitors
48 Hits
0 Downloads
- Title
- Global diversification and corporate disclosure
- Related
- Journal of international accounting research, Vol. 4, No. 1, p.73-93
- Publisher
- Amercian Accounting Association
- Date
- 2005
- FoR/RFCD Code(s)
-
150100 Accounting, Auditing and Accountability
- Author/Creator
- Cahan, Steven F
- Author/Creator
- Rahman, Asheq R
- Author/Creator
- Perera, Hector
- Description
- This paper examines whether a firm's level of voluntary disclosure varies with its level of global diversification. We argue that information asymmetries and agency costs arising from the global diversification of operations and financing increase the incentives for firms to disclose at a higher level. We measure global diversification of operations by factor-analyzing foreign shareholdings and foreign debt, and we measure global diversification of financing by factor-analyzing foreign sales and foreign subsidiaries. Using a sample of 216 firms from 17 countries selected from Fortune's Global 500 list and Botosan's (1997) disclosure index, we find that the level of voluntary disclosure is positively related to the extent of global operations, but is not related to the extent of global financing.
- Description
- 21 page(s)
- Subject Keyword
- 150100 Accounting, Auditing and Accountability
- Subject Keyword
- globalization
- Subject Keyword
- global diversification
- Subject Keyword
- voluntary disclosures
- Resource Type
- journal article
- Organisation
- Macquarie University. Dept. of Accounting and Finance
- Identifier
- http://hdl.handle.net/1959.14/77237
- Identifier
- ISSN:1558-8025
- Identifier
- mq-rm-2006004861
- Language
- eng
- Reviewed
