Economic Effects of Transparency in International Equity Markets: A Review and Suggestions for Future Research
Mark H. Lang
University of North Carolina at Chapel Hill
Mark G. Maffett
University of Chicago - Booth School of Business
March 31, 2011
Foundations and Trends in Accounting, Vol. 5, No. 3, pp. 175-241, 2010
In this paper we discuss the existing accounting literature on the real effects of financial reporting transparency in international equity markets, present aspects of an international setting that make it a fruitful environment for investigating these effects and suggest directions for future research.
Number of Pages in PDF File: 78
Keywords: transparency, liquidity, valuation, cost of capital
JEL Classification: G15, G32, K22, M41Accepted Paper Series
Date posted: September 30, 2010 ; Last revised: September 19, 2012
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