Alves, PauloPope, Peter F.Young, Steven2010-11-222010-11-222009ALVES, Paulo; POPE, Peter F.; YOUNG, Steven - Cross-border information transfers: evidence from profit warnings issued by European firms. Accounting and Business Research. ISSN 0001-4788. Vol. 39. nº. 5 (2009), p. 449-472http://hdl.handle.net/10400.14/3599This paper reports evidence on cross-border accounting information transfers associated with profit warning announcements. Using a sample of firms from 29 European countries, we find that negative earnings surprises disclosed by firms in one country affect investors' perceptions of comparable non-announcing firms in other countries. The form and magnitude of cross-border effects is consistent with domestic transfers. Tests explaining variation in cross-border information transfers provide some (albeit rather limited) evidence that effects vary according to a range of firm-, industryand country-level characteristics.engjournal article10.1080/00014788.2009.9663378