Access the full text.
Sign up today, get DeepDyve free for 14 days.
La Porta La Porta, Lopez‐de‐Silanes Lopez‐de‐Silanes, Shleifer Shleifer, Vishny Vishny (2000)
“Investor Protection and Corporate Governance.”Journal of Financial Economics, 58
P. Henry (2000)
Do Stock Market Liberalizations Cause Investment Booms ?
Robert Bushman, Joseph Piotroski, Abbie Smith (2003)
What Determines Corporate Transparency?Economic Growth
La Porta La Porta, Lopez‐de‐Silanes Lopez‐de‐Silanes, Shleifer Shleifer, Vishny Vishny (1997)
“Legal Determinants of External Finance.”The Journal of Finance, 52
C. Leuz, D. Nanda, Peter Wysocki (2002)
Earnings Management and Investor Protection: An International ComparisonGlobal Business Issues eJournal
Asli Demirgüç-Kunt, R. Levine (1995)
Stock Market Development and Financial Intermediaries: Stylized Facts
Ajay Adhikari, Rasoul Tondkar (1992)
Environmental Factors Influencing Accounting Disclosure Requirements of Global Stock ExchangesJournal of International Financial Management and Accounting, 4
Ole‐Kristian Hope (2003)
Accounting Policy Disclosures and Analysts' ForecastsContemporary Accounting Research, 20
Michael Welker (1995)
Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets*Contemporary Accounting Research, 11
M. Fox (1999)
Required Disclosure and Corporate GovernanceLaw and contemporary problems, 62
Levine Levine, Zervos Zervos (1998)
“Stock Markets, Banks, and Economic Growth.”The American Economic Review, 88
Douglas Diamond, Robert Verrecchia (1991)
Disclosure, Liquidity, and the Cost of CapitalJournal of Finance, 46
Jere Francis, Inder Khurana, Raynolde Pereira (2001)
Investor Protection Laws, Accounting and Auditing Around the WorldJournal of Financial Abstracts eJournal
J. Chang, T. Khanna, K. Palepu (2000)
Analyst Activity Around the WorldInstitutional & Transition Economics eJournal
R. Romano (2001)
The Need for Competition in International Securities RegulationTheoretical Inquiries in Law, 2
Bernard Black (2001)
The Legal and Institutional Preconditions for Strong Securities MarketsInternational Finance
B. Jaggi, P. Low (2000)
Impact of Culture, Market Forces, and Legal System on Financial DisclosuresThe International Journal of Accounting, 35
R. Romano (1998)
Empowering Investors: A Market Approach to Securities RegulationYale Law Journal, 107
Robert Bushman, Abbie Smith (2001)
Financial Accounting Information and Corporate GovernanceJournal of Financial Abstracts eJournal
Jere Francis, Inder Khurana, Raynolde Pereira (2003)
The role of accounting and auditing in corporate governance and the development of financial markets around the worldAsia-Pacific Journal of Accounting & Economics, 10
R. Levine (1999)
Financial Development and Economic Growth: Views and Agenda
R. Porta, Florencio Silanes, Andrei Shleifer, Robert Vishny (1999)
Investor Protection and Corporate GovernanceChicago Booth: Fama-Miller Working Paper Series
Fox Fox (2000)
“The Securities Globalization Disclosure Debate (F. Hodge O'Neal Corporate and Securities Law Symposium).”Washington University Law Quarterly, 78
Huddart Huddart, Hughes Hughes, Brunnermeier Brunnermeier (1999)
“Disclosure Requirements and Stock Exchange Listing Choice in an International Context.”Journal of Accounting & Economics, 26
R. Ball, Scott Keating, Christian Leuz, Gerhard Mueller, Christopher Nobes (1999)
The Effect of International Institutional Factors on Properties of Accounting EarningsS&P Global Market Intelligence Research Paper Series
Steven Huddart, Markus Brunnermeier, John Hughes (1998)
Disclosure Requirements and Stock Exchange Listing Choice in an International ContextEuropean Economics eJournal
Bushman Bushman, Smith Smith (2001)
“Financial Accounting Information and Corporate Governance.”Journal of Accounting & Economics, 32
Joel Hasbrouck, R. Schwartz (1988)
Liquidity and execution costs in equity markets, 14
Black Black (2001)
“The Legal and Institutional Preconditions for Strong Securities Markets.”UCLA Law Review, 48
T. Beck, A. Demirguc-Kunt, R. Levine (2003)
Law, endowments, and financeJournal of Financial Economics, 70
Mingyi Hung (2000)
ACCOUNTING STANDARDS AND VALUE RELEVANCE OF FINANCIAL STATEMENTS: AN INTERNATIONAL ANALYSISJournal of Accounting and Economics, 30
Y. Amihud, H. Mendelson (2000)
The Liquidity Route To A Lower Cost Of CapitalJournal of Applied Corporate Finance, 12
R. Porta, Florencio Silanes, Andrei Shleifer, Robert Vishny (1997)
Legal Determinants of External FinanceCapital Markets eJournal
C. Leuz, Robert Verrecchia (1999)
The Economic Consequences of Increased DisclosureJournal of Accounting Abstracts
Leuz Leuz, Nanda Nanda, Wysocki Wysocki (2003)
“Earnings Management and Investors Protection: An International Comparison.”Journal of Financial Economics, 69
Sandeep Patel, A. Balic, Liliane Bwakira (2002)
Measuring transparency and disclosure at firm-level in emerging marketsEmerging Markets Review, 3
R. Atje, Boyan Jovanovic (1993)
Stock markets and developmentEuropean Economic Review, 37
Bushman Bushman, Piotroski Piotroski, Smith Smith (2004)
“What Determines Corporate Transparency?”Journal of Accounting Research, 42
Christine Botosan (1997)
Disclosure level and the cost of equity capitalAccounting review: A quarterly journal of the American Accounting Association, 72
Mark Defond, Mingyi Hung (2004)
Investor Protection and Corporate Governance: Evidence from Worldwide Ceo TurnoverLSN: Corporate Governance International (Topic)
R. Ball, Ashok Robin, Joanna Wu (2000)
Incentives Versus Standards: Properties of Accounting Income in Four East Asian Countries, and Implications for Acceptance of IASChicago Booth Research Paper Series
Y. Amihud, H. Mendelson (1986)
Asset pricing and the bid-ask spreadJournal of Financial Economics, 17
Mary Barth, Greg Clinch, Toshi Shibano (1999)
International accounting harmonization and global equity marketsJournal of Accounting and Economics, 26
Rangeland Stewardship (2007)
1994 annual report
Brian Bushee (2004)
Discussion of Disclosure Practices of Foreign Companies Interacting with U.S. MarketsJournal of Accounting Research, 42
S. Tom, Marye Trust (1999)
Annual Report 1998
K. Palepu, P. Healy (1993)
The Effect of Firms' Financial Disclosure Strategies on Stock Prices
Healy Healy, Palepu Palepu (2001)
“Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature.”Journal of Accounting & Economics, 31
P. Healy, Amy Hutton, K. Palepu (1999)
Stock Performance and Intermediation Changes Surrounding Sustained Increases in DisclosureContemporary Accounting Research, 16
James Cox (2000)
Regulatory Duopoly in U.S. Securities MarketsSocial Science Research Network
Rafael Porta, Florencio López‐de‐Silanes, Andrei Shleifer, Robert Vishny (1996)
Law and FinanceJournal of Political Economy, 106
C. Frost, Christine Botosan (1997)
Regulation, Disclosure and Market Liquidity (An Examination of Foreign Issuers in Regulated Versus Less-Regulated US Equity Markets)Social Science Research Network
Y. Amihud, H. Mendelson (1989)
The Effects of Beta, Bid-Ask Spread, Residual Risk, and Size on Stock ReturnsJournal of Finance, 44
David Lesmond (2005)
Liquidity of emerging marketsJournal of Financial Economics, 77
R. Porta, Florencio Silanes, Andrei Shleifer (2003)
What Works in Securities Laws?Emerging Markets: Finance
Ball (2000)
“The Effect of International Institutional Factors on Properties of Accounting Earnings.”Journal of Accounting & Economics, 29
Y. Cheong, A. Bryk (2000)
HLM 6: Hierarchical Linear and Nonlinear Modeling
A. Yakov, H. Mendelson, Beni Lauterbach (1996)
Market Microstructure and Securities Values: Evidence from the Tel Aviv Stock ExchangeCapital Markets: Market Microstructure
J. Coffee (2002)
Competition Among Securities Markets: A Path Dependent Perspective
King King, Pownall Pownall, Waymire Waymire (1990)
“Expectations Adjustment Via Timely Management Forecasts: Review, Synthesis and Suggestions for Future Research.”Journal of Accounting Literature, 9
Ball (2003)
“Incentives Versus Standards: Properties of Accounting Income in Four East Asian Countries”Journal of Accounting & Economics, 36
R. Levine, S. Zervos (1996)
Stock Markets, Banks, and Economic GrowthDevelopment Economics
Robert Verrecchia (1999)
Disclosure and the cost of capital: A discussionJournal of Accounting and Economics, 26
Cox Cox (1999)
“Regulatory Duopoly in U.S. Securities Markets.”Columbia Law Review, 99
P. Healy, K. Palepu (2000)
Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure LiteratureManagement Practice
ABSTRACT This study examines associations between measures of stock exchange disclosure and market development at 50 of the member stock exchanges of the World Federation of Exchanges. We focus on stock exchange disclosure systems (rather than actual company disclosures) because this approach links stock exchange policy with desired outcomes related to market development (such as liquidity, trading activity, and market size relative to gross domestic product). We find strong support for the hypothesis that the strength of the disclosure system (disclosure rules, monitoring, and enforcement) is positively associated with market development, after controlling for legal system, legal protection of investors, market size, and several other potentially relevant explanatory variables.
Journal of Accounting Research – Wiley
Published: Jun 1, 2006
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.