Advertisement

The Economic Consequences of Increasing the International Visibility of Financial Reports

  • Michael H. R. Erkens
Chapter

Abstract

Attracting investors’ attention is a challenge for listed firms. Prior research finds that certain characteristics (size, liquidity, cross-listing) are associated with firm visibility (see, e.g., Baker et al. 2002; Bushee and Miller 2012). Firms lacking these characteristics are often neglected by investors and intermediaries. Prior research (Bushee and Miller 2012) also suggests that voluntary disclosure can improve analyst and investor following, and ultimately reduce the cost of capital.

Keywords

Propensity Score Annual Report Information Asymmetry Propensity Score Match International Financial Reporting Standard 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Fachmedien Wiesbaden 2016

Authors and Affiliations

  1. 1.Department of Business EconomicsErasmus School of EconomicsRotterdamThe Netherlands

Personalised recommendations