Voluntary Accounting Disclosures by U.S.-Listed Asian Companies

• DOI: 10.2308/jiar.2008.7.1.25
• Publication Date: 2008-08-20T16:16:41Z
• Authors: Gaurav Kumar; W. Mark Wilder; Morris H. Stocks
• Keywords: Voluntary disclosure; Turnover

The current study examines the voluntary disclosures (provided in U.S.) by U.S.-listed Asian companies. Our findings indicate that significantly fewer (greater) are provided companies from countries which have a strict (less strict) mandatory disclosure regime their home country. This finding is contrary to model developed Einhorn 2005. In addition, this documents over 80 percent of voluntarily using “international” standards for financial statements and thus contributing towards international accounting convergence. However, choice use not affected proportion foreign sales or size. An important contribution development measure strictness regimes expert rankings.