Author Description

This volume examines the accounting issues raised by the trend toward globalization of information in world financial markets and explores in depth such key topics as the influence of the globalization of information on real interest rate spreads, the effect of management forecasts of earnings on stock prices in Japan, optimal foreign currency hedging under conditions of imperfect information, and the welfare effects of public information in an asymmetric information market. Each paper is followed by detailed comments from an expert in the field. -- Publisher description.