The DOI matches its Crossref record; 74 of the 74 references it cites were found in a registry or an index.
Information Environment and the Investment Decisions of Multinational Corporations
Open accessAbstract
This paper examines how the external information environment in which foreign subsidiaries operate affects the investment decisions of multinational corporations (MNCs). We hypothesize and find that the investment decisions of foreign subsidiaries in country-industries with more transparent information environments are more responsive to local growth opportunities than are those of foreign subsidiaries in country-industries with less transparent information environments. Further, this effect is larger when (1) there are greater cross-border frictions between the parent and subsidiary, and (2) the parents are relatively more involved in their subsidiaries' investment decision-making process. Our results suggest that the external information environment helps mitigate the agency problems that arise when firms expand their operations across borders. This paper contributes to the literature by showing that the external information environment helps MNCs mitigate information frictions within the firm. JEL Classifications: D83; G31; M41. Data Availability: Data are available from public sources identified in the paper.
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How does financial reporting quality relate to investment efficiency?
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Self-citationInternational Accounting Standards and Accounting Quality
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Christensen, H. B., Hail, L., & Leuz, C. (2021) · Review of Accounting Studies · doi:10.1007/s11142-021-09609-5 · Cited by 1,923
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The effects of financial reporting and disclosure on corporate investment: A review
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Self-citationThe impact of carbon disclosure mandates on emissions and financial operating performance
Downar, B., Ernstberger, J., Reichelstein, S., Schwenen, S., & Zaklan, A. (2021) · Review of Accounting Studies · doi:10.1007/s11142-021-09611-x · Cited by 425
The Effect of Tax Authority Monitoring and Enforcement on Financial Reporting Quality
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Metadata
- Authors
- Shroff, N., Verdi, R. S., & Yu, G.
- Venue
- The Accounting Review
- Publisher
- American Accounting Association
- Published
- 2013-10-01
- Volume
- 89
- Issue
- 2
- Pages
- 759-790
- ISSN
- 0001-4826 (ISSN-L)
- 1558-7967
- OpenAlex
- W3021753809
- Cited by
- 357
- References
- 74
- FWCI
- 50.74
- Type
- journal article
- Language
- en
- Open access
- green
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