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

Alves, Paulo and Pope, P F and Young, S E (2009) Cross-border information transfers: evidence from profit warnings issued by European firms. Accounting and Business Research, 39 (5). pp. 449-472. ISSN 2159-4260

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Abstract

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.

Item Type:
Journal Article
Journal or Publication Title:
Accounting and Business Research
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1402
Subjects:
?? accountingdiscipline-based research ??
ID Code:
45472
Deposited By:
Deposited On:
11 Jul 2011 18:32
Refereed?:
Yes
Published?:
Published
Last Modified:
31 Dec 2023 00:22