FROST, CAROL ANN; GORDON, ELIZABETH A.; HAYES, ANDREW F. - In: Journal of Accounting Research 44 (2006) 3, pp. 437-483
This study examines associations between measures of stock exchange disclosure and market development at 50 of the member stock exchanges of the World Federation of Exchanges. We focus on stock exchange disclosure systems (rather than actual company disclosures) because this approach links stock...