Parts of this article are based on Danqing Young's dissertation at the University of Connecticut. Helpful comments were received from Michael Ferguson, Lee-Seok Hwang, Yaw Mensah, Gim Seow, the editor, the referee, and workshop participants at the University of Chicago, the University of Colorado at Boulder, the University of Connecticut, the University of New Hampshire, Northwestern University, Hong Kong University of Science and Technology, and the 2001 American Accounting Association annual meeting.
Financial Reporting Environments and International Capital Mobility
Article first published online: 17 APR 2003
Journal of Accounting Research
Volume 41, Issue 3, pages 553–579, June 2003
How to Cite
Young, D. and Guenther, D. A. (2003), Financial Reporting Environments and International Capital Mobility. Journal of Accounting Research, 41: 553–579. doi: 10.1111/1475-679X.00116
- Issue published online: 17 APR 2003
- Article first published online: 17 APR 2003
- Recieved 12 January 2001; accepted 1 November 2002
We examine whether differences in international capital mobility across countries are related to country-specific differences in financial reporting environments. We hypothesize that countries where financial accounting environments lead to greater disclosure of value-relevant accounting information are more likely to have higher international capital mobility. The results of empirical tests are consistent with our hypothesis.