search query: @indexterm GLOBAL MARKETING / total: 132
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| Author: | Barth, M. Clinch, G. Shibano, T. |
| Title: | International accounting harmonization and global equity markets |
| Journal: | Journal of Accounting & Economics
1999 : JAN, VOL. 26:1-3, p. 201-236 |
| Index terms: | ECONOMICS INTERNATIONAL GLOBAL MARKETING |
| Language: | eng |
| Abstract: | The authors show harmonizing domestic GAAP with foreign GAAP can have deleterious effects on security market performance, specifically price informativeness and trading volume. Harmonization effects result from interaction between two forces. Direct informational effects depend on whether harmonization increases or decreases GAAP precision. Expertise acquisition effects depend on benefits and costs to foreign investors of becoming domestic GAAp experts. |
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