haku: @author Zhao, R. / yhteensä: 6
viite: 2 / 6
| Tekijä: | Zhao, R. He, Y. |
| Otsikko: | International variation in bank accounting information content |
| Lehti: | Journal of international financial management & accounting
2008 : AUTUMN, VOL. 19:3, p. 236-260 |
| Asiasana: | accounting information banks Europe USA |
| Kieli: | eng |
| Tiivistelmä: | This study investigates the cross-country (henceforth as: c-c.) impact of financial system (here as: f-s.) and banking regulations (as: b-regs.) on the information content (as: i-c.) of bank earnings (as: b-erngs.) and book value (as: b-v). Based on test results, there is found empirical evidence that f-s. and b-regs. have a joint effect on the association of equity price with b-erngs. and b-v. components in France, Germany, the United Kingdom (U.K.) and United States (U.S.). This effect is explained by the objective bank function showing that b-erngs. of the period determine the terminal b-v. C-c. variation in bank accounting i-c. calls for caution when interpreting international bank financial and operating ratios. |
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