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INFORMATION SOURCES OF UK INVESTORSFINANCIAL ANALYSTS WORKING IN THE JAPANESE MARKET

INFORMATION SOURCES OF UK INVESTORSFINANCIAL ANALYSTS WORKING IN THE JAPANESE MARKET The paper investigates the information sought by UK investors about Japanese companies, and the extent to which this involves the use of company financial statements. Such a study is important because it is only recently that Japanese financial markets have been relatively accessible to foreign investors, and that the volume of investment trade has grown rapidly. This paper describes the principal features of the accounting and capital market situation in Japan and reports the results of a series of interviews on these features. Participants interviewed had contradictory views on the application of CAPM to the Japanese market. If the market model is not appropriate for the Japanese market, this will have implications for future research in that market. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Review of Accounting Emerald Publishing

INFORMATION SOURCES OF UK INVESTORSFINANCIAL ANALYSTS WORKING IN THE JAPANESE MARKET

Asian Review of Accounting , Volume 1 (1): 19 – Jan 1, 1992

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1321-7348
DOI
10.1108/eb046310
Publisher site
See Article on Publisher Site

Abstract

The paper investigates the information sought by UK investors about Japanese companies, and the extent to which this involves the use of company financial statements. Such a study is important because it is only recently that Japanese financial markets have been relatively accessible to foreign investors, and that the volume of investment trade has grown rapidly. This paper describes the principal features of the accounting and capital market situation in Japan and reports the results of a series of interviews on these features. Participants interviewed had contradictory views on the application of CAPM to the Japanese market. If the market model is not appropriate for the Japanese market, this will have implications for future research in that market.

Journal

Asian Review of AccountingEmerald Publishing

Published: Jan 1, 1992

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