Hervé Stolowy and his co-authors look at the impact for companies based in non-English speaking countries of the publication of their annual reports in English. The researchers find that there are positive consequences for businesses that adopt this approach: increased foreign ownership and following by financial analysts, together with a decrease in information asymmetry.
The impact of potential conflicts between shareholders and managers on audit fees has been the (...)
Credit ratings are increasingly essential investment signals, heavily impacting the cost of capital (...)
Key Ideas: • The adoption of International Financial Reporting Standards (IFRS) has not improved (...)