Following the prior section, a key criterion for conducting publishable research is
providing reliable answers to relevant research questions. But if international factors have little
importance, then the significance of addressing international accounting issues is reduced. We
believe that international factors are relevant and continue to grow in importance. Several
factors are discussed in this section: (1) growth in international equity and bond markets,
resulting in the expansion of international investment by investors and globalization of capital
markets, (2) the increasing number of companies cross-listed on stock exchanges around the
world, (3) influence of the International Accounting Standards Board (IASB), and (4) foreign
direct investment by multinationals. These factors have contributed to the increased demand by
investors and others for comparable and transparent international accounting information.
Following the prior section, a key criterion for conducting publishable research isproviding reliable answers to relevant research questions. But if international factors have littleimportance, then the significance of addressing international accounting issues is reduced. Webelieve that international factors are relevant and continue to grow in importance. Severalfactors are discussed in this section: (1) growth in international equity and bond markets,resulting in the expansion of international investment by investors and globalization of capitalmarkets, (2) the increasing number of companies cross-listed on stock exchanges around theworld, (3) influence of the International Accounting Standards Board (IASB), and (4) foreigndirect investment by multinationals. These factors have contributed to the increased demand byinvestors and others for comparable and transparent international accounting information.
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