search query: @author Rosellón, M. / total: 3
reference: 1 / 3
« previous | next »
| Author: | Jong, A. de Rosellon, M. Verwijmeren, P. |
| Title: | The economic consequences of IFRS: The impact of IAS 32 on preference shares in the Netherlands |
| Journal: | Accounting in Europe
2006 : VOL. 3, p. 169-185 |
| Index terms: | accounting standards regulations companies Netherlands |
| Language: | eng |
| Abstract: | The consequences of international accounting standards (IAS) are likely to reach beyond the impact on financial statements. This paper demonstrates one of the economic implications of international standards, focusing on the impact of the International Financial Reporting Standards (IFRS) regulation on preference shares (IAS 32) in the Netherlands. It is documented that for Dutch firms with preferred stock outstanding, the reclassification will on average increase the reported debt ratio by 35 percent. It is found that 71 percent of the firms affected by IAS 32 buy back their preference shares or alter the specifications of the preference shares in such a way that the classification as equity can be maintained etc. |
« previous | next »
SCIMA