Journal article
Do Culture and Cross-Border Listings Influence Global Analysts Behavior and Disclosure Practices
Review of accounting & finance, v 1(3), pp 28-41
01 Mar 2002
Abstract
This paper examines the influence of culture, globalization and investor protection on the number of analysts following firms in each country. The extant literature shows that the number of analysts following firms is positively associated with information disclosure practices of firms. Consistent with the literature, the number of analysts following firms in each country is used as a proxy representing disclosure practices. The evidence shows that cultural distance from U.S. moves positively with the number of analysts in each country. This result suggests that culture influences global analyst behavior. Globalization of capital markets appears to increase the number of financial analysts across countries. Specifically, each country cross-border listings on U.S. markets and the size of home capital market move positively with analyst services. These findings suggest that globalization also influences global analyst behavior.
Metrics
5 Record Views
1 citations in Scopus
Details
- Title
- Do Culture and Cross-Border Listings Influence Global Analysts Behavior and Disclosure Practices
- Creators
- Gordian A Ndubizu - Drexel University
- Publication Details
- Review of accounting & finance, v 1(3), pp 28-41
- Publisher
- MCB UP Ltd
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Accounting
- Scopus ID
- 2-s2.0-84992990109
- Other Identifier
- 991019173875504721