|ARTIGO_FinancialDisclosureInternacional.pdf||277,89 kB||Adobe PDF||View/Open|
|Title:||Financial disclosure and international capital mobility in Latin America|
|Authors:||Medeiros, Otávio Ribeiro de|
Quinteiro, Luis Gustavo do Lago
|Publisher:||Associação Nacional de Pós-Graduação e Pesquisa em Administração|
|Citation:||MEDEIROS, Otávio Ribeiro de; QUINTEIRO, Luis Gustavo do Lago. Financial disclosure and international capital mobility in Latin America. Brazilian administration review, Curitiba, v.5, n.2, p.160-176, abr./jun. 2008. Disponível em: <http://www.scielo.br/scielo.php?script=sci_abstract&pid=S1807-76922008000200006&lng=pt&nrm=iso&tlng=en>. Acesso em: 11 nov. 2013.|
The extant literature provides evidence on the impact of financial disclosure environments on international capital mobility. However, to our knowledge, there are no such studies including Latin-American countries. We aimed to fill this void by assessing the influence of accounting information on international capital mobility in a twenty-two-country sample, including the three largest Latin-American countries: Argentina, Brazil and Mexico. The countries included in the sample represent around 80% of the world’s GDP from 1995 to 2001. Our empirical results show with a 99% confidence level that the degree of disclosure of value-relevant accounting information has positively influenced international capital mobility. We also show, with a 95% confidence level, that countries where financial accounting is less aligned with tax accounting present higher international capital mobility. The three Latin-American countries studied present relatively low levels of disclosure among the sampled countries. However, whereas Argentina and Brazil show low levels of capital mobility, Mexico stands out with a high capital mobility, which we reckon could be accounted for by the country’s trade and investment connections with the US and by its participation in the NAFTA.
|Licença::||Brazilian Administration Review - Todo o conteúdo deste periódico, exceto onde está identificado, está licenciado sob uma Licença Creative Commons (Attribution-NonCommercial 3.0 Unported (CC BY-NC 3.0)). Fonte: http://www.scielo.br/scielo.php?script=sci_abstract&pid=S1807-76922008000200006&lng=pt&nrm=iso&tlng=en. Acesso em: 11 nov. 2013|
|Appears in Collections:||CCA - Artigos publicados em periódicos|
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