An investigation of market response to earnings announcements: Multinational firms versus domestic firms
Author(s)
Author(s)
Cheng, A.
Liao, W.
Date Issued
1997
Publisher
Elsevier
Journal
The International Journal of Accounting
Volume
32
Issue
2
Start page
125
End page
138
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.
SFU Affiliated Publication
No
Availability at SFU Library
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