Mark Clatworthy 
Transnational Equity Analysis [PDF ebook] 

Acknowledgements.
1 Introduction.
1.1 Aims and scope of the book.
1.2 Outline of the book.
1.3 References.
2 The Internationalisation of Equity Markets and Growth in
Institutional Investment.
2.1 Introduction.
2.2 The growth in trade of foreign securities.
2.3 Determinants of the internationalization of equity
markets.
2.4 The growth in institutional investment.
2.5 Summary.
2.6 References.
3 International Accounting Diversity and the Harmonisation of
International Accounting.
3.1 Introduction.
3.2 Causes of international accounting differences.
3.3 The effects of international accounting diversity on
reported figures.
3.4 The effects of international accounting differences on stock
markets.
3.5 The international harmonisation of accounting.
3.6 Summary.
3.7 References.
4 Equity Analysis Techniques: Theory and Evidence.
4.1 Introduction.
4.2 The theory of equity valuation.
4.3 Equity analysis techniques used by analysts and fund
managers.
4.4 The Efficient Markets Hypothesis and equity analysis
techniques.
4.5 Existing empirical evidence on transnational equity
analysis.
4.6 Summary.
4.7 References.
5 Information Sources Used in Equity Analysis.
5.1 Introduction.
5.2 The usefulness of annual reports and accounting
information.
5.3 Direct company contact as an information source.
5.4 International evidence on information sources used in
domestic equity analysis.
5.5 Existing empirical evidence on transnational information
sources.
5.6 Summary.
5.7 References.
6 Methodology.
6.1 Introduction.
6.2 Data collection.
6.3 Analysis of the data.
6.4 Summary.
6.5 References.
7 Transnational Equity Appraisal Techniques.
7.1 Introduction.
7.2 Background of respondents.
7.3 Equity analysis techniques used.
7.4 Comparison of domestic and transnational analysis
techniques.
7.5 Differences between transnational analysts and fund
managers.
7.6 Transnational analysis techniques: a focus on fundamental
analysis.
7.7 Discussion and conclusions.
7.8 References.
8 Transnational Information Sources.
8.1 Introduction.
8.2 Domestic and transnational information sources.
8.3 Differences between transnational analysts and fund
managers.
8.4 The role of accounting information in transnational
analysis.
8.5 Company contacts: uses and limitations.
8.6 The role of local analysts.
8.7 Discussion and conclusions.
8.8 References.
9 Views of International Accounting Diversity and
Harmonisation.
9.1 Introduction.
9.2 The effects of international accounting differences on
investment decisions.
9.3 Views on the international harmonization of accounting.
9.4 Discussion and conclusions.
9.5 References.
10 Overview and Conclusions.
10.1 Motivation for the book.
10.2 Summary of findings and implications.
10.3 Concluding remarks.
10.4 References.
Appendix.
Details of interview respondents.
Index.

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.