Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective
Extending prior studies which suggest that the disclosure practice of developed economy entities tends to be more transparent than that of emerging economy entities, this study investigates whether such differences in the degree of disclosure transparency translate into different levels of value-rel...
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sg-smu-ink.soa_research-11482010-09-22T09:12:05Z Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective PANG, Yang Hoong Kang, Tony Extending prior studies which suggest that the disclosure practice of developed economy entities tends to be more transparent than that of emerging economy entities, this study investigates whether such differences in the degree of disclosure transparency translate into different levels of value-relevance of their accounting summary measures. Consistent with theories that link disclosure quality with the impact of disclosure on investors' decisions, the evidence indicates that the accounting summary measures of developed economy entities are more value-relevant than those of emerging economy entities in the US stock market. This finding has some implications for the current policy debate in IASB regarding accounting for emerging economy entities. 2005-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soa_research/149 info:doi/10.1108/eb043416 http://dx.doi.org/10.1108/eb043416 Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University Accounting Growth and Development |
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Accounting Growth and Development PANG, Yang Hoong Kang, Tony Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective |
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Extending prior studies which suggest that the disclosure practice of developed economy entities tends to be more transparent than that of emerging economy entities, this study investigates whether such differences in the degree of disclosure transparency translate into different levels of value-relevance of their accounting summary measures. Consistent with theories that link disclosure quality with the impact of disclosure on investors' decisions, the evidence indicates that the accounting summary measures of developed economy entities are more value-relevant than those of emerging economy entities in the US stock market. This finding has some implications for the current policy debate in IASB regarding accounting for emerging economy entities. |
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text |
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PANG, Yang Hoong Kang, Tony |
author_facet |
PANG, Yang Hoong Kang, Tony |
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PANG, Yang Hoong |
title |
Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective |
title_short |
Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective |
title_full |
Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective |
title_fullStr |
Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective |
title_full_unstemmed |
Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective |
title_sort |
economic development and the value-relevance of accounting information: a disclosure transparency perspective |
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Institutional Knowledge at Singapore Management University |
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2005 |
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https://ink.library.smu.edu.sg/soa_research/149 http://dx.doi.org/10.1108/eb043416 |
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