The Relative Informativeness of Accounting Disclosures in Different Countries

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The Relative Informativeness of Accounting Disclosures in Different Countries
Andrew William Alford
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66 3. 6% 1J3 0. 04 • 214 U. S. Sample 029 -0. 36 0. 06 -0. 08 -0 38 -0 18 -0. 29 -0. 39 0. 51 1. 92 1-33 4. 66 116% - Germany (DS, N) 0. 30 -0. 18 0. 04 -0. 23 -0. 50 -0. 07 0. 16 -0. 25 -0. 67 -1. 10 2. 72 &01 7. 4% 3J3 • 0. 07 258 US Sample -0. 35 0. 01 -0 06 -0 34 -0. 18 -0. 20 -035 0. 00 0. 52 1. 97 1. 29 5. 15 14. 7% llaly (DI, F) 0. 52 0. 01 0. 86 -040 -0. 87 -0. 37 -0. 41 -0. 82 -0. G4 -1. 63 2. 44 5. 77 6J% 4J6 ♦ ao4 • 278 U. S. Sample 032 -041 0. 07 -0. 01 -0. 37 -0. 18 -025 -0. 39 0. ...51 2. 41 1. 18 S63 15. 9% Japan (DS, ?vO 0. 30 -017 -002 0. 02 033 0. 02 -0. 07 -0. 60 3J4 3. 74 2. 83 3J9 5. 6% 14. 59 • ao3 * 796 U. S. Sample 0. 31 -0. 38 -0. 01 -0. 09 -0. 34 -0. 20 -0. 26 -0. 34 0. 56 3. 73 1. 16 8. 12 12. 5% Japan (MU, F) Oil -0. 21 0. 03 0. 21 0. 27 0. 06 -0. 08 -0. 37 4. 62 6J6 3. 06 5J8 7. 1% 37. 57 • ao7 1168 US. Sample 0. 33 -0. 42 -0. 03 -0. 11 -0. 37 . 0. 24 -0. 27 -0. 34 0. 54 4. 66 1. 05 9. 43 11. 9% Japan (MU. N) 0. 20 -0. 11 -0. 01 0. 11 0. 22 0. 07 -0.

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