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Type | Journal Article |
Scope | Discipline-based scholarship |
Title | The effect of international subsidiaries on voluntary disclosure - evidence from natural disasters |
Organization Unit | |
Authors |
|
Item Subtype | Original Work |
Refereed | Yes |
Status | Published in final form |
Language |
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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. |
Free access at | DOI |
Related URLs | |
Digital Object Identifier | 10.1080/00014788.2021.1889351 |
Other Identification Number | merlin-id:22173 |
PDF File | Download from ZORA |
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