Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
Journal of international financial management & accounting
1 (1989), S. 0
ISSN:
1467-646X
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
This paper investigates the issue of whether financial reports appear to convey information on risk on a consistent basis across international capital markets. Data collected from a sample of Japanese financial analysts are compared to previously reported data from U.S. analysts. The results indicate that traditional accounting measures of risk explain substantial variation in the average risk perceptions of financial analysts in both the U.S. and Japan; however, while accounting risk measures were found to explain significant variation in ex post beta for the U.S. sample, this was not found to be the case for the Japanese sample. The implications of these cross-national differences and similarities are discussed.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-646X.1989.tb00012.x
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