International capital markets in a world of accounting differences
By: edited by Frederick D.S. Choi and Richard M. Levich.
Contributors: Choi, Frederick D. S., 1942-; Levich, Richard M.
Publisher: New York University Salomon Center, Leonard N. Stern School of Business; Irwin Professional Pub.
Published: 1994
Place of publication: New York, NY; Burr Ridge, Ill
Language: eng
Number of pages: 253
Subjects: Financial instruments -- Accounting -- Congresses.; Securities -- Accounting -- Congresses.; Disclosure in accounting -- Congresses.; Comparative accounting -- Congresses.
Description: Technological advances and regulatory changes have created both investment opportunity and challenge for participants in today's international capital markets. The existence and use of diverse international accounting procedures poses one such challenge: How can analysts determine the true investment value of global firms?

This issue and related concerns are thoroughly examined in International Capital Markets in a World of Accounting Differences. Inside this thought-provoking volume, financial practitioners and scholars debate the impact of international accounting differences (accounting measurement rules, financial disclosure requirements, and/or differences in auditing standards) on decision-making in today's capital markets.

You'll find insightful analyses of such topics as international GAAP differences and their effects on firms; accounting differences and securities markets regulations; international regulatory initiatives; and policy alternatives and strategic options for minimizing global accounting diversity.

Concerns about the effect of accounting diversity on capital markets have sparked a renewed interest in harmonizing accounting and reporting standards worldwide. International Capital Markets in a World of Accounting Differences challenges and analyzes the validity of these concerns and offers strategic alternatives for making more informed decisions in the world's capital markets.
Notes: Includes bibliographical references and index.
"Proceedings of a conference sponsored by the New York University Salmon Center at the Leonard N. Stern School of Business of New York University, and held at NYU on October 16, 1992"--Pref.