Khanna, Palepu, and Srinivasan examine the relatively new S&P Transparency and Disclosure scores for 466 firms from Asian-Pacific countries. Consistent with theory, they find that the more the interaction with US firms, the more transparent the firm’s disclosure practices. Specifically they find “a positive association between these disclosure scores and the following types of market interactions: business operations in the US, US listing, international equity ownership, US equity or direct investment in the company’s home country, and business travel from the home country to the US.” [FinanceProfessor.com Annotation]
Content: Article
Authors: Krishna Palepu, Suraj Srinivasan, Tarun Khanna
Source: Social Science Research Network (SSRN)
Subjects: Finance, International
Authors: Krishna Palepu, Suraj Srinivasan, Tarun Khanna
Source: Social Science Research Network (SSRN)
Subjects: Finance, International
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