Cross-border information transfers: evidence from profit warnings issued by European firms

Paulo Alves, Peter F. Pope, Steven Young*

*Autor correspondente para este trabalho

Resultado de pesquisarevisão de pares

12 Citações (Scopus)

Resumo

This paper reports evidence on cross-border accounting information transfers associated with profit warning announcements. Using a sample of firms from 29 European countries, we find that negative earnings surprises disclosed by firms in one country affect investors' perceptions of comparable non-announcing firms in other countries. The form and magnitude of cross-border effects is consistent with domestic transfers. Tests explaining variation in cross-border information transfers provide some (albeit rather limited) evidence that effects vary according to a range of firm-, industryand country-level characteristics.

Idioma originalEnglish
Páginas (de-até)449-472
Número de páginas24
RevistaAccounting and Business Research
Volume39
Número de emissão5
DOIs
Estado da publicaçãoPublished - 2009

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Citação