Multinationality--Earnings, Efficiency, and Market Considerations

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Ahmed Riahi-Belkaoui

ISBN: 1-56720-471-6

ISBN-13: 978-1-56720-471-1

DOI:

288 pages

Praeger Publishers

Publication: 12/30/2001

List Price: $119.95 (UK Sterling Price: £82.95)

Availability: Print on demand

Media Type: Hardcover

Trim Size: 6 1/8 x 9 1/4

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Description: The impact of multinationality on the operations of a firm is clear and strong. Riahi-Belkaoui shows how it affects the known relationships between earnings, efficiency, disclosure, and market valuation by its role as a dependent, moderating, intervening antecedant or consequent variable. Its impact can be felt, for example, in relationships and phenomena such as the timeliness and the informativeness of earnings, the underreaction of securities analysts, post-earnings announcement drifts, and the level and quality of disclosure. An understanding of multinationality in the earnings-disclosure-efficiency-market valuation relationship can also be used by accountants and researchers in their daily activities, and by corporate executives in multinational organizational decision making. The result is a useful, probing exploration for academics and practitioners alike.

Table of Contents:

The Impact of Multinationality on the Informativeness of Earnings and Accounting Choices
The Timeliness of Accounting Earnings as an Antecedent of Disclosure Informativeness
Level of Multinationality as an Explanation for Post-Announcement Drift
The Effect of Multinationality on Security Analyst Underreaction
Growth Opportunities, Internalization, and Market Valuation of Multinational Firms
Level of Multinationality, Growth Opportunities, and Size as Determinants of Analyst Ratings of Corporate Disclosures
The Effects of Multinationality on Earnings Response Coefficients
The Effects os Multinationality on Earnings Persistence
The Association between Performance Plan Adoption and Organizational Slack
Corporate Disclosure Quality and Corporate Reputation of U.S. Multinational Firms
Growth Opportunities, Multinationality, and Reputation Building
Net Value Added and Earnings Determination for U.S. Multinational Firms
The Substitution of Net Value Added for Earnings in Equity Valuation
Implementation of the M-Form Organizational Structure and Shareholders' Wealth of Multinational Firms
Implementation of the M-Form Organizational Structure and Productivity of Multinational Firms
Implementation of the M-Form Organizational Structure and Capital Structure of Multinational Firms
Executive Compensation, Organizational Effectiveness, Social Performance, and Firm Performance: An Empirical Investigation
Effects of Ownership Structure, Firm Performance, Size, and Diversification Strategy on CEO Compensation in U.S. Multinational Firms: A Path Analysis
Determinants of Executive Tenure in Large U.S. Multinational Firms
An Analysis of the Use of Accounting and Market Measures of Performance, CEO Experience, and Nature of the Deviation from the Analysts' Forecasts in CEO Compensation Contracts of Multinational Firms
Effects of Personal Attributes and Performance on the Level of CEO Compensation in Multinational Firms: Direct and Interaction Effects
Explaining Market Returns of U.S. Multinational Firms: Earnings Versus-Added Data
Prediction Performance of Earnings Forecast of U.S. Firms Active in Developed and Developing Countries

About the Author: AHMED RIAHI-BELKAOUI is CBA Distinguished Professor of Accounting in the College of Business Administration, University of Illinois, Chicago./e Author of numerous Quorum books, published and forthcoming, and coauthor of several more, he is an equally prolific contributor to the scholarly and professional journals of his field, and has served on various editorial boards that oversee them.

LCC Class: 658


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