Voluntary Accounting Disclosures by U.S.-Listed Asian Companies

42 Pages Posted: 31 Oct 2007

See all articles by Gaurav Kumar

Gaurav Kumar

University of Arkansas at Little Rock

Mark Wilder

University of Mississippi - Patterson School of Accountancy

Morris Stocks

University of Mississippi

Date Written: October 12, 2007

Abstract

The current study examines the voluntary disclosures (provided in the U.S.) by U.S.-listed Asian companies. Our findings indicate that significantly fewer [greater] voluntary disclosures are provided by U.S.-listed Asian companies from countries which have a strict [less strict] mandatory disclosure regime in their home country. This finding is contrary to the model developed in Einhorn, 2005. In addition, this study documents that over 80 percent of U.S.-listed Asian companies are voluntarily using international standards for their financial statements and thus contributing towards international accounting convergence. However, their choice to use international standards is not affected by their proportion of foreign sales or size. An important contribution of this study is the development of a measure for strictness of mandatory disclosure regimes of Asian countries by using expert rankings.

Keywords: Voluntary Disclosures, Mandatory Disclosures, Convergence

JEL Classification: M41, M44, M45, M47, G38

Suggested Citation

Kumar, Gaurav and Wilder, Mark and Stocks, Morris, Voluntary Accounting Disclosures by U.S.-Listed Asian Companies (October 12, 2007). Available at SSRN: https://ssrn.com/abstract=1025486 or http://dx.doi.org/10.2139/ssrn.1025486

Gaurav Kumar (Contact Author)

University of Arkansas at Little Rock ( email )

Little Rock, AR 72204
United States
501-569-3051 (Phone)
501-683-7021 (Fax)

Mark Wilder

University of Mississippi - Patterson School of Accountancy ( email )

730 East Beach Blvd.
Long Beach, MS 39560
United States

Morris Stocks

University of Mississippi ( email )

Oxford, MS 38677
United States

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