| Author: | Miles, S. Nobes, C. |
| Title: | The use of foreign accounting data in UK financial institutions |
| Journal: | Journal of Business Finance and Accounting
1998 : APR/MAY, VOL. 25:3-4, p. 309-328 |
| Index terms: | FINANCIAL INSTITUTIONS ACCOUNTING STANDARDS STOCK MARKETS UNITED KINGDOM |
| Language: | eng |
| Abstract: | The globalization of securities markets led to an increased use of foreign financial information and to a nedd for international comparability of financial information. Researchers examine how the foreign data is used by some participants in the market based in London, UK. Findings suggest that market participants are inexpert in accounting; sector experts see international accounting differences as a hindrance, whereas country experts do not. Participants use foreign accounting data for analysis but very few adjust it. There is some avoidance of countries or sectors for accounting reasons, but there is very little knowledge of international accounting differences. |
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