%0 Journal Article
%J Journal of International Accounting, Auditing and Taxation
%D 2012
%T Does it matter where assets are held and income is derived? Further evidence of differential value relevance from Quebec
%A Graham,Roger
%A Morrill,Cameron
%A Morrill,Janet
%K Accounting
%X In this paper, we build on recent studies documenting an economic discount on firms located in the Canadian province of Quebec that seems to be associated with the political risk generated by the Quebec separatist movement (e. g., Graham, Morrill and Morrill, 2005). We use information on firms’ economic activity in the province of Quebec as collected and published by the Quebec business newspaper Les Affaires for the period 1990-2008. We find that variables proxying for extent of operations in Quebec are associated with market-to-book multiples on book value and earnings.
%B Journal of International Accounting, Auditing and Taxation
%8 2012
%G eng
%2 a
%4 48319899648
%$ 48319899648