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| Author: | Lee, H-Y. Mande, V. Son, M. |
| Title: | A comparison of reporting lags of multinational and domestic firms |
| Journal: | Journal of international financial management & accounting
2008 : SPRING, VOL. 19:1, p. 28-56 |
| Index terms: | multinational companies financial reporting auditing earnings |
| Freeterms: | domestic firms |
| Language: | eng |
| Abstract: | It is examined in this study whether multinational corporations (MNC) or firms (hereafter as: MNCs) report earnings sooner than domestic (here as: dom.) firms. When compared with dom. firms, the reporting environment and business operations of MNCs are significantly more complex. There is a greater amount of information asymmetry btw. managers and shareholders of MNCs. Thus, MNCs potentially face higher monitoring and external financing costs. ... While test results weakly support the hypothesis that auditors take longer to audit MNCs, there is strong evidence that managers of MNCs release their earnings reports sooner than dom. firms. |
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