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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title The effect of international subsidiaries on voluntary disclosure - evidence from natural disasters
Organization Unit
  • David Oesch
  • Felix Urban
Item Subtype Original Work
Refereed Yes
Status Published in final form
  • English
Journal Title Accounting and Business Research
Publisher Institute of Chartered Accountants in England and Wales
Geographical Reach international
ISSN 0001-4788
Volume 52
Number 3
Page Range 223 - 253
Date 2022
Abstract Text This paper documents that managers of multinational companies adjust voluntary disclosure after significant events at international subsidiaries. We show an increase in the likelihood and frequency of management forecasts following natural disasters in regions where companies operate subsidiaries. The exogenous and staggered nature of natural disasters as well as our research design choices substantially raise the hurdle for alternative explanations of our result. Further analyses suggest that the effect is particularly strong for companies that rely on equity financing. Our paper contributes to the nascent literature on transmission effects within international business groups.
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Digital Object Identifier 10.1080/00014788.2021.1889351
Other Identification Number merlin-id:22173
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