Abstract
Capital market responses to accounting earning announcements have been well documented in the accounting literature. These responses may vary with firm size, analyst following, and other variables. This study investigates the effect of multinational operations as a proxy for operational and informational complexity on market responses to earnings announcements. The results show that multinational operations provide significant explanatory power for market responses to earnings announcements after controlling the factors of firm size and analyst following.
| Original language | English |
|---|---|
| Pages (from-to) | 125-138 |
| Number of pages | 14 |
| Journal | International Journal of Accounting |
| Volume | 32 |
| Issue number | 2 |
| Publication status | Published - 1 Dec 1997 |
Keywords
- Domestic firms
- Earnings announcement
- Market response
- Multinational firms
ASJC Scopus subject areas
- Accounting
- Finance