Economic Effects of Transparency in International Equity Markets: A Review and Suggestions for Future Research

Foundations and Trends in Accounting, Vol. 5, No. 3, pp. 175-241, 2010

78 Pages Posted: 30 Sep 2010 Last revised: 9 Aug 2016

Mark H. Lang

University of North Carolina at Chapel Hill

Mark G. Maffett

University of Chicago - Booth School of Business

Date Written: March 31, 2010

Abstract

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.

Keywords: transparency, liquidity, valuation, cost of capital

JEL Classification: G15, G32, K22, M41

Suggested Citation

Lang, Mark H. and Maffett, Mark G., Economic Effects of Transparency in International Equity Markets: A Review and Suggestions for Future Research (March 31, 2010). Foundations and Trends in Accounting, Vol. 5, No. 3, pp. 175-241, 2010. Available at SSRN: https://ssrn.com/abstract=1684195

Mark H. Lang

University of North Carolina at Chapel Hill ( email )

Kenan-Flagler Business School
McColl Building
Chapel Hill, NC 27599-3490
United States
919-962-1644 (Phone)
919-962-4727 (Fax)

Mark G. Maffett (Contact Author)

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

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