Segment disclosure transparency and internal capital market efficiency: Evidence from SFAS No. 131

• 主要作者: CHO, Young Jun
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2015
• 主題: SFAS 131; Segment Disclosures; Transparency; Agency Costs; Internal Capital Markets; Accounting; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research_all/3; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1002&context=soa_research_all

Using the adoption of SFAS 131, I examine the effect of segment disclosure transparency on internal capital market efficiency. SFAS 131 requires firms to define segments as internally viewed by managers, thereby improving the transparency of managerial actions in internal capital allocation. I find...