Developments in Country Studies in International Accounting - Americas and the Far East Book

	Acknowledgements
	Introduction
1	The Evolution of the G4 + 1 and Its impact on International Harmonization of Accounting Standards	3
2	A Perspective on the U.S. Public/Private-Sector Approach to the Regulation of Financial Reporting	34
3	Why Not Allow FASB and IASB Standards to Compete in the U.S.?	53
4	'Non-US Firms' Accounting Standard Choices	68
5	The Choice of Accounting Policy In Japan	93
6	Corporate Disclosure Policy and Analyst Behavior	121
7	Disclosure Level and the Cost of Equity Capital	147
8	International Accounting Differences and Their Relation to Share Prices: Evidence from U.K., Australian, and Canadian Firms	174
9	The Market Valuation of IAS versus US-GAAP Accounting Measures Using Form 20-F Reconciliations	210
10	The Market's Valuation of Nonreported Accounting Measures: Retrospective Reconciliations of Non-U.S. and U.S. GAAP	238
11	The Association Between Stock Returns and Foreign GAAP Earnings versus Earnings Adjusted to U.S. GAAP	251
12	The Effect of Legal Environment on Voluntary Disclosure: Evidence from Management Earnings Forecasts Issued in U.S. and Canadian Markets	273
13	Accounting for Changing Prices: The Value Relevance of Historical Cost, Price Level, and Replacement Cost Accounting in Mexico	301
14	Inflation Accounting and 20-F Disclosures: Evidence from Mexico	325
15	Timeliness of Annual Report Releases and Market Reaction to Earnings Announcements in an Emerging Capital Market: The Case of China	353
16	Financial Packaging of IPO Firms in China	377
17	The Information Environment of China's A and B Shares: Can We Make Sense of the Numbers?	401
18	The Usefulness of Earnings and Book Value for Equity Valuation in Emerging Capital Markets: Evidence From Listed Companies in the People's Republic of China	424
19	The Influence of the Keiretsu on Japanese Corporate Disclosure	447
20	The Changing Nature of Financial Disclosure in Japan	471
21	The Persistence and Forecast Accuracy of Earnings Components in the USA and Japan	488
22	Relevance of U.S.-GAAP for Japanese Companies	511
23	The Value Relevance of Earnings and Cash Flows: Empirical Evidence for Japan	527
24	Japanese Corporate Groupings (Keiretsu) and the Informativeness of Earnings	549
25	The Relation Between Incremental Subsidiary Earnings and Future Stock Returns in Japan	576
26	Corporate Accounting Disclosure in ASEAN	603
27	Accounting Practices and the Market Valuation of Accounting Numbers: Evidence from Indonesia, Korea, Malaysia, the Phillippines, Taiwan, and Thailand	632
28	Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia	658
	Name Index	683