Abstract
The main purpose of this paper is to examine the cost constraints on voluntary information disclosure in a comparative study of the perceptions of financial executives in U.K. and U.S. multinationals. The study examines the perceived net costs or benefits of disclosing information voluntarily, the types of costs involved and the significance of cost constraints in respect of specific items of disclosure. The results suggest that while there is substantial agreement on the major cost constraints involved and the individual items giving rise to major net costs, there are significantly different perceptions by U.K. and U.S. financial executives in terms of the overall emphasis of responses to the issue of cost constraints on voluntary information disclosures.
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*Sidney J. Gray is a Professor of Accounting and Finance and Director of the Centre for International Finance and Accounting at the Glasgow Business School, University of Glasgow, Scotland. He is a joint managing editor of the Journal of International Financial Management and Accounting and Vice-President (Europe) of the International Association for Accounting Education and Research. He is a former secretary general of the European Accounting Association and former chairman of the British Accounting Association.
**Lee H. Radebaugh is Associate Dean and Professor of Accounting and International Business at Brigham Young University, Utah, USA. He is the author or co-author of ten books including International Business: Environments and operations, and International Accounting and Multinational Enterprises. He is a former treasurer of the Academy of International Business and former chairman of the international section of the American Accounting Association.
***Clare B. Roberts is a Lecturer in International Accounting and Finance and a Research Fellow at the Centre for International Finance and Accounting at the Glasgow Business School, University of Glasgow, Scotland. She is a major contributor to the World Survey of Published Accounts.
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Gray, S., Radebaugh, L. & Roberts, C. International Perceptions of Cost Constraints on Voluntary Information Disclosures: A Comparative Study of U.K. and U.S. Multinationals. J Int Bus Stud 21, 597–622 (1990). https://doi.org/10.1057/palgrave.jibs.8490343
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DOI: https://doi.org/10.1057/palgrave.jibs.8490343