Title

An investigation of market response to earnings announcements : multinational firms versus domestic firms

Document Type

Journal article

Source Publication

The International Journal of Accounting

Publication Date

1-1-1997

Volume

32

Issue

2

First Page

125

Last Page

138

Keywords

Domestic firms; Earnings announcement; Market response; Multinational firms

Abstract

Capital market responses to accounting earning annoucements have been well documented in the accounting literature. These responses may vary with firm size, analyst following, and other variables. This study investigates the effect of multinational operations as a proxy for operational and informational complexity on market responses to earnings announcements. The results show that multinational operations provide significant explanatory power for market responses to earnings announcements after controlling the factors of firm size and analyst following.

DOI

10.1016/S0020-7063(97)90021-2

Print ISSN

10944060

E-ISSN

22133933

Publisher Statement

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Full-text Version

Publisher’s Version

Recommended Citation

Cheng, A., Chan, K. H., & Liao, W. (1997). An investigation of market response to earnings announcements: Multinational firms versus domestic firms. The International Journal of Accounting, 32(2), 125-138. doi: 10.1016/S0020-7063(97)90021-2