Abstract
This study examines the impact of legal systems (LSs) on financial disclosures by firms from different countries. The results indicate that firms from common law countries are associated with higher financial disclosures compared to firms from code law countries. The findings also reveal that cultural values have an insignificant impact on financial disclosures by firms from common law countries, and the results on firms from code law countries provide mixed signals. The results for multinationals are similar to the results for the total sample. The cultural values have no impact on financial disclosures of multinationals from common law countries, and there are mixed signals for multinationals from code law countries. Copyright © 2000 University of Illinois.
| Original language | English |
|---|---|
| Pages (from-to) | 495-519 |
| Journal | International Journal of Accounting |
| Volume | 35 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2000 |
Bibliographical note
Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].Funding
We gratefully acknowledge financial support provided by the City University of Hong Kong, Hong Kong, for this project. Research assistance provided by Sandra Ng is also acknowledged. We also thank the referees for valuable comments and suggestions.
Research Keywords
- Culture
- Financial disclosures
- Legal systems
- Multinationals
Policy Impact
- Cited in Policy Documents
Fingerprint
Dive into the research topics of 'Impact of culture, market forces, and legal system on financial disclosures'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver