ABSTRACT

Up until the mid 1980s multinational enterprises usually published only consolidated worldwide accounts. This changed in subsequent years with increasing legal requirements to publish separate national accounts for each subsidiary. Obviously this exposes the subsidiary to the risk of takeover by a competitor and/or to intervention on the part of the host government. This book presents an authoritative and in-depth analysis of the disclosure issue from both theoretical and practical standpoints. The author describes the methods used to research and evaluate disclosure risks and benefits and presents much new thinking and many new research findings on this important topic.

chapter I|10 pages

Introduction

chapter II|27 pages

Theory of Information Disclosure

chapter III|28 pages

Segmental Disclosure Issues

chapter IV|18 pages

Information Disclosure in Capital Markets

chapter V|32 pages

Risk Assessment in Capital Markets

chapter VI|41 pages

Prior Research

chapter VII|22 pages

Hypotheses, Database and Experimental Design

chapter VIII|29 pages

Analyses and Results

chapter IX|27 pages

Implications

chapter X|13 pages

Conclusion