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

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Cross-border information transfers: evidence from profit warnings issued by European firms. / Alves, Paulo; Pope, P F; Young, S E.

In: Accounting and Business Research, Vol. 39, No. 5, 2009, p. 449-472.

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@article{08117c6262e742d880a549b39e74c4a0,
title = "Cross-border information transfers: evidence from profit warnings issued by European firms",
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{\textquoteright} 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.",
author = "Paulo Alves and Pope, {P F} and Young, {S E}",
year = "2009",
doi = "10.1080/00014788.2009.9663378",
language = "English",
volume = "39",
pages = "449--472",
journal = "Accounting and Business Research",
issn = "0001-4788",
publisher = "Routledge",
number = "5",

}

RIS

TY - JOUR

T1 - Cross-border information transfers: evidence from profit warnings issued by European firms

AU - Alves, Paulo

AU - Pope, P F

AU - Young, S E

PY - 2009

Y1 - 2009

N2 - 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.

AB - 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.

U2 - 10.1080/00014788.2009.9663378

DO - 10.1080/00014788.2009.9663378

M3 - Journal article

VL - 39

SP - 449

EP - 472

JO - Accounting and Business Research

JF - Accounting and Business Research

SN - 0001-4788

IS - 5

ER -