In-depth answers for professionals looking to accurately value foreign equities Transnational Equity Analysis is today's most thorough guide to its subject, examining and comparing the techniques used by top analysts and fund managers in the analysis of domestic and overseas equities. The book outlines the effects of international differences in disclosure and measurement rules and practices, examines how investors and analysts have discovered coping mechanisms for using fundamental analysis in an international context, and more. Mark Clatworthy (Cardiff, Wales) is a lecturer in the Cardiff Business School, UK.
Editorial Reviews
From the Inside Flap
Against the background of the internationalisation of stock markets, Transnational Equity Analysispresents a detailed examination of overseas investment decision-making by institutional investors.
The book contains a thorough review of prior research into the analysis of domestic and overseas equities, placing particular emphasis on international differences in accounting and financial reporting regimes. It describes the unique problems faced by investors when appraising foreign equities and presents the results of an empirical study of UK fund managers and investment analysts. The study investigates the information sources and analysis techniques used by institutional investors in domestic and transnational equity decisions. It also assesses the extent to which the decisions of fund managers and analysts are affected by international accounting differences and examines opinions on the international harmonisation of accounting standards.
Transnational Equity Analysis will be of interest to investment professionals and to undergraduate and postgraduate students of international financial analysis.
From the Back Cover
Against the background of the internationalisation of stock markets, Transnational Equity Analysispresents a detailed examination of overseas investment decision-making by institutional investors.
The book contains a thorough review of prior research into the analysis of domestic and overseas equities, placing particular emphasis on international differences in accounting and financial reporting regimes. It describes the unique problems faced by investors when appraising foreign equities and presents the results of an empirical study of UK fund managers and investment analysts. The study investigates the information sources and analysis techniques used by institutional investors in domestic and transnational equity decisions. It also assesses the extent to which the decisions of fund managers and analysts are affected by international accounting differences and examines opinions on the international harmonisation of accounting standards.
Transnational Equity Analysis will be of interest to investment professionals and to undergraduate and postgraduate students of international financial analysis.
About the Author
DR MARK CLATWORTHY is a lecturer in accounting and finance at Cardiff Business School, Cardiff University. His research interests are financial reporting and the use of accounting information by capital markets. He has taught international finance and financial accounting at advanced undergraduate and postgraduate levels.
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