Analyzing Foreign Financial Statements: A Dual Scaling Approach to the International Ratio Analysis

Jose G. Clavel, Isabel Martínez Conesa and Esther Ortiz Martínez
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Jose G. Clavel: University of Murcia Faculty of Economy and Business, Department of Quantitative Methods for the Economy
Isabel Martínez Conesa: University of Murcia Faculty of Economy and Business, Department of Finance and Accounting
Esther Ortiz Martínez: University of Murcia Faculty of Economy and Business, Department of Finance and Accounting

A chapter in Measurement and Multivariate Analysis, 2002, pp 307-314 from Springer

Abstract: 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.

Keywords: Debt Ratio; General Accept Account Principle; Foreign Financial Statement; York Stock Exchange; Security Exchange Commission (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1007/978-4-431-65955-6_33

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