Information Systems Faculty Publications and Presentations
Document Type
Article
Publication Date
12-2012
Abstract
In this article, researcher-created accounting disclosure index of 23 stock exchanges for the year 1992 and its relationship with variables including foreign exchange turnover, economic and financial indicators were investigated. The accounting disclosure index of global stock exchanges crafted by Adhikari and Tondkar (1992) was regressed on foreign market turnover which was utilized as a proxy for foreign exchange market activity. The OLS results supported that along with the activity of foreign exchange market; GNI per capita, market capitalization, energy and electric consumption, number of listed companies were significantly related with the accounting disclosure index. The foreign market turnover was found to be positively influencing the accounting disclosure index. The models explained about 73% of the variation in the index with an F-ratio of 26.56 indicating the overall significance of the model.
Recommended Citation
Bakay, A. and Moqbel, M. (2012) ‘Explaining the accounting disclosure index of stock exchanges by foreign exchange market activity’, Advances in Accounting, 28(2), pp. 293–297. doi: 10.1016/j.adiac.2012.09.006.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Publication Title
Advances in Accounting
DOI
10.1016/j.adiac.2012.09.006
Comments
Original published version available at https://doi.org/10.1016/j.adiac.2012.09.006