The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
International GAAP Differences: The Impact on Foreign Analysts
Open accessAbstract
This paper investigates the relation between differences in accounting standards across countries and foreign analyst following and forecast accuracy. We develop two measures of differences in generally accepted accounting principles (GAAP) for 1,176 country-pairs. We then examine the impact of these measures of accounting differences on foreign analysts. In so doing, we utilize a unique database that identifies the location of financial analysts around the world, creating a sample that covers 6,888 foreign analysts making a total of 43,968 forecasts for 6,169 firms from 49 countries during 1998–2004. We find that the extent to which GAAP differs between two countries is negatively related to both foreign analyst following and forecast accuracy. Our results suggest that GAAP differences are associated with economic costs for financial analysts.
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La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Cited by
LEUZ, C., & WYSOCKI, P. D. (2016) · Journal of Accounting Research · doi:10.1111/1475-679x.12115 · Cited by 1,760
Mandatory IFRS reporting and changes in enforcement
Christensen, H. B., Hail, L., & Leuz, C. (2013) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2013.10.007 · Cited by 816
The information content of annual earnings announcements and mandatory adoption of IFRS
Landsman, W. R., Maydew, E. L., & Thornock, J. R. (2012) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2011.04.002 · Cited by 681
The Effect of Mandatory IFRS Adoption on Financial Analysts’ Information Environment
BYARD, D., LI, Y., & YU, Y. (2011) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2010.00390.x · Cited by 618
Cross-listing and corporate social responsibility
Boubakri, N., El Ghoul, S., Wang, H., Guedhami, O., & Kwok, C. C. Y. (2016) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2016.08.008 · Cited by 264
Metadata
- Authors
- Bae, K.-H., Tan, H., & Welker, M.
- Venue
- The Accounting Review
- Publisher
- American Accounting Association
- Published
- 2008-05-01
- Volume
- 83
- Issue
- 3
- Pages
- 593-628
- ISSN
- 0001-4826 (ISSN-L)
- 1558-7967
- OpenAlex
- W3123569849
- Cited by
- 568
- References
- 1
- FWCI
- 68.01
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
