Analyzing Foreign Financial Statements: A Dual Scaling Approach to the International Ratio Analysis

  • Jose G. Clavel
  • Isabel Martínez Conesa
  • Esther Ortiz Martínez
Conference paper


Foreign companies listed on the New York Stock Exchange (NYSE) are required by its supervisor organism (Securities Exchange Commission, SEC), to restate their reported net income and shareholders’ equity calculated according to domestic accounting standards, into US General Accepted Accounting Principles (US-GAAPS), as a part of a Form 20-f filing. Using these restatements and dual scaling methodology we will be able to distinguish if there are really so important differences among accounting standards around the world, or on the contrary, some other effects, such as the country in which the company is located, also affect financial information in the most important way than the own accounting standards.


Debt Ratio General Accept Account Principle Foreign Financial Statement York Stock Exchange Security Exchange Commission 
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Copyright information

© Springer Japan 2002

Authors and Affiliations

  • Jose G. Clavel
    • 1
  • Isabel Martínez Conesa
    • 2
  • Esther Ortiz Martínez
    • 2
  1. 1.Department of Quantitative Methods for the EconomyUniversity of Murcia Faculty of Economy and BusinessMurciaSpain
  2. 2.Department of Finance and AccountingUniversity of Murcia Faculty of Economy and BusinessMurciaSpain

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