Advanced Search
MyIDEAS: Login

Cross-Border Information Transfers: Evidence from Profit Warnings Issued by European Firms

Contents:

Author Info

  • Paulo Alves

    () (Faculdade de Economia e Gestão, Universidade Católica Portuguesa - Porto, and Lancaster University)

  • Peter Pope

    (Lancaster University)

  • Steven Young

    () (Lancaster University)

Registered author(s):

    Abstract

    This paper reports evidence on cross-border accounting information transfers associated with profit warning announcements. Using a sample of firms from 29 European countries, we find that negative earnings surprises disclosed by firms in one country affect investors’ perceptions of comparable nonannouncing firms in other countries. The form and magnitude of cross-border effects is consistent with domestic transfers. Tests explaining variation in cross-border information transfers provide some (albeit rather limited) evidence that effects vary according to a range of firm-, industry- and country-level characteristics.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.porto.ucp.pt/feg/repec/WP/012009%20-%20Alves%20-%20%20International%20IT.pdf
    File Function: First version
    Download Restriction: no

    Bibliographic Info

    Paper provided by Faculdade de Economia e Gestão, Universidade Católica Portuguesa (Porto) in its series Working Papers de Gestão (Management Working Papers) with number 01.

    as in new window
    Length: 45 pages
    Date of creation: Jan 2009
    Date of revision:
    Handle: RePEc:cap:mpaper:012009

    Contact details of provider:
    Postal: Rua Diogo Botelho, 1327; 4169 - 005 Porto
    Phone: +351 226 196 200
    Fax: +351 226 196 291
    Web page: http://www.feg.porto.ucp.pt/
    More information through EDIRC

    Related research

    Keywords: Information transfers; Profit warnings;

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Foster, George, 1981. "Intra-industry information transfers associated with earnings releases," Journal of Accounting and Economics, Elsevier, vol. 3(3), pages 201-232, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cap:mpaper:012009

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Goncalves).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.