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| Author: | Devalle, A. Onali, E. Magarini, R. |
| Title: | Assessing the value relevance of accounting data after the introduction of IFRS in Europe |
| Journal: | Journal of international financial management & accounting
2010 : SUMMER, VOL. 21:2, p. 85-119 |
| Index terms: | accounting financial statements financial reporting standards listed companies Europe |
| Language: | eng |
| Abstract: | European-listed companies have had to prepare their consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS) starting from 2005. Based on a sample of more than 3,000 companies listed on five European stock exchanges (Frankfurt, Madrid, Paris, London, Milan), this paper explores whether value relevance (here as: v-r.) increased after the introduction of IFRS. There is found mixed evidence of an increase in v-r. However, the influence of earnings on share price increased after the introduction of IFRS in France, Germany, and the United Kingdom (U.K.), whereas the influence of book value of equity decreased, except for the U.K. |
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