Post by arfankj4 on Mar 4, 2024 23:57:56 GMT -5
ABSTRACT—No abstract available. Publisher s link global.oup academic product mercantilism reimagined jsessionid E E AD D C CEACF AC cc us lang en AUGUST ACCOUNTING REVIEW Accounting Standards and International Portfolio Holdings By Yu Gwen and Aida Sijamic Wahid ABSTRACT—Do differences in countries accounting standards affect global investment decisions We explore this question by examining how accounting distance the difference in the accounting standards used in the investor s and the investee s countries affects the asset allocation decisions of global mutual funds.
We find that investors tend to underweight investees with greater accounting distance. Using the mandatory adoption of International Financial Reporting Standards IFRS as an event that changed the accounting standards of various country pairs we examine how two Poland Mobile Number List sources of changes in accounting distance i change due to IFRS adoption of the investee and ii change due to IFRS adoption in the investor s country affect global portfolio allocation decisions. We find that the tendency to underinvest in investees with greater accounting distance significantly weakens when accounting distance is reduced either from an investee s IFRS adoption or from IFRS adoption in the investor s country.
The latter finding holds despite the fact that had no impact on the accounting standards under which the investee firms present their financial information the only change is in the investor s familiarity with these standards. This suggests that differences in accounting standards affect investor demand by imposing greater information processing cost on those less familiar with the reporting standards. Publisher s link papers.ssrn sol papers.cfm abstract id WORKING PAPERS Monetary Policy Drivers of Bond and Equity Risks By Campbell John Y. Carolin E. Pflueger and Luis M. Viceira ABSTRACT—The exposure of U.S. Treasury bonds to the stock market has moved considerably over time.
We find that investors tend to underweight investees with greater accounting distance. Using the mandatory adoption of International Financial Reporting Standards IFRS as an event that changed the accounting standards of various country pairs we examine how two Poland Mobile Number List sources of changes in accounting distance i change due to IFRS adoption of the investee and ii change due to IFRS adoption in the investor s country affect global portfolio allocation decisions. We find that the tendency to underinvest in investees with greater accounting distance significantly weakens when accounting distance is reduced either from an investee s IFRS adoption or from IFRS adoption in the investor s country.
The latter finding holds despite the fact that had no impact on the accounting standards under which the investee firms present their financial information the only change is in the investor s familiarity with these standards. This suggests that differences in accounting standards affect investor demand by imposing greater information processing cost on those less familiar with the reporting standards. Publisher s link papers.ssrn sol papers.cfm abstract id WORKING PAPERS Monetary Policy Drivers of Bond and Equity Risks By Campbell John Y. Carolin E. Pflueger and Luis M. Viceira ABSTRACT—The exposure of U.S. Treasury bonds to the stock market has moved considerably over time.
