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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Main Authors: PANG, Yang Hoong, Kang, Tony
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
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Online Access:https://ink.library.smu.edu.sg/soa_research/149
http://dx.doi.org/10.1108/eb043416
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Institution: Singapore Management University
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spelling 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
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Accounting
Growth and Development
spellingShingle Accounting
Growth and Development
PANG, Yang Hoong
Kang, Tony
Economic Development and the Value-Relevance of Accounting Information: A Disclosure Transparency Perspective
description 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.
format text
author PANG, Yang Hoong
Kang, Tony
author_facet PANG, Yang Hoong
Kang, Tony
author_sort 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
publisher Institutional Knowledge at Singapore Management University
publishDate 2005
url https://ink.library.smu.edu.sg/soa_research/149
http://dx.doi.org/10.1108/eb043416
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