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Earnings Management and Investor Protection: An International Comparison
This paper examines systematic differences in earnings management across 31 countries. We propose an explanation for these differences based on the notion that insiders, in an attempt to protectExpand
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The Economic Consequences of Increased Disclosure
Economic theory suggests that a commitment by a firm to increased levels of disclosure should lower the information asymmetry component of the firm's cost of capital. But while the theory isExpand
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Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences
ABSTRACT This paper examines the economic consequences of mandatory International Financial Reporting Standards (IFRS) reporting around the world. We analyze the effects on market liquidity, cost ofExpand
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The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms
A mounting arrangement for a plurality of electrical components is disclosed wherein these components may be included in cases which are stacked in sets on a level-by-level basis. These cases includeExpand
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International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?
This paper examines international differences in firms' cost of equity capital across 40 countries. We analyze whether the effectiveness of a country's legal institutions and securities regulation isExpand
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Accounting Information, Disclosure, and the Cost of Capital
In this paper we examine whether and how accounting information about a firm manifests in its cost of capital, despite the forces of diversification. We build a model that is consistent with theExpand
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IAS versus US GAAP: Information-Asymmetry Based Evidence from Germany's New Market
Motivated by the debate about globally uniform accounting standards, this study investigates whether firms using U.S. generally accepted accounting principles (GAAP) vis-à-vis internationalExpand
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Mandatory IFRS Reporting and Changes in Enforcement
In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries. The capital-market effects around this change have been extensively studied,Expand
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Different Approaches to Corporate Reporting Regulation: How Jurisdictions Differ and Why
This paper discusses differences in countries’ approaches to reporting regulation and explores the reasons why they exist in the first place as well as why they are likely to persist. I firstExpand
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The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research
This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation, drawing on U.S. and international evidence. Given the policy relevance ofExpand
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