Summary
Foreign companies listed on the New York Stock Exchange (NYSE) are required by its supervisor organism (Securities Exchange Commission, SEC), to restate their reported net income and shareholders’ equity calculated according to domestic accounting standards, into US General Accepted Accounting Principles (US-GAAPS), as a part of a Form 20-f filing. Using these restatements and dual scaling methodology we will be able to distinguish if there are really so important differences among accounting standards around the world, or on the contrary, some other effects, such as the country in which the company is located, also affect financial information in the most important way than the own accounting standards.
This work is a part of the research project financed by the DGI: Influencia de la diversidad contable en el análisis financiero internacional. Un estudio empírico (SEC2000-0410) in colaboration with Analistas Financieros Internacionales and Morgan Stanley Dean Witter.
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© 2002 Springer Japan
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Clavel, J.G., Conesa, I.M., Martínez, E.O. (2002). Analyzing Foreign Financial Statements: A Dual Scaling Approach to the International Ratio Analysis. In: Nishisato, S., Baba, Y., Bozdogan, H., Kanefuji, K. (eds) Measurement and Multivariate Analysis. Springer, Tokyo. https://doi.org/10.1007/978-4-431-65955-6_33
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DOI: https://doi.org/10.1007/978-4-431-65955-6_33
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