Multinational Accounting: Segment Disclosure and Risk, 1st Edition

  • Published By:
  • ISBN-10: 1317963687
  • ISBN-13: 9781317963684
  • Grade Level Range: College Freshman - College Senior
  • 320 Pages | eBook
  • Original Copyright 2014 | Published/Released December 2015
  • This publication's content originally published in print form: 2014

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Up until the mid 1980s multinational enterprises usually published only consolidated worldwide accounts. This changed in subsequent years with increasing legal requirements to publish separate national accounts for each subsidiary. Obviously this exposes the subsidiary to the risk of takeover by a competitor and/or to intervention on the part of the host government. This book presents an authoritative and in-depth analysis of the disclosure issue from both theoretical and practical standpoints. The author describes the methods used to research and evaluate disclosure risks and benefits and presents much new thinking and many new research findings on this important topic.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
1: Theory of Information Disclosure.
2: Segmental Disclosure Issues.
3: Information Disclosure in Capital Markets.
4: Risk Assessment in Capital Markets.
5: Prior Research.
6: Hypotheses, Database and Experimental Design.
7: Analyses and Results.
8: Implications.
9: Conclusion.
Appendix VII(A) Treatment Group (21 Companies).
Appendix VII(B) Control Group (15 Companies).
Appendix VII(C) Programme for Moving Regression.
Appendix VII(D) Database and Experimental Design: A Summary.
Appendix VIII(A) Autocorrelation Test: Treatment Group Moving Betas.
Appendix VIII(B) Autocorrelation Test: Control Group Moving Betas.
Appendix VIII(C) Company Analysis of Stability of Betas (H0: B=0).
Appendix VIII(D) Differences between Average Betas: ‘Pre-Post’.
Appendix VIII(E) Differences between Average Betas: ‘Treatment — Control’.
Appendix VIII(F) Differences between Cross-sectional Average Betas.
Appendix VIII(G) Some Possible Instrumental Variables of Beta.