search query: @journal_id 51 / total: 716
reference: 23 / 716
| Author: | Leuz, C. |
| Title: | IAS Versus U.S. GAAP: Information Asymmetry-Based Evidence from Germany's New Market |
| Journal: | Journal of Accounting Research
2003 : JUN, VOL. 41:3, p. 445-472 |
| Index terms: | GAAP INTERNATIONAL ACCOUNTING INFORMATION ASYMMETRIC INFORMATION |
| Language: | eng |
| Abstract: | Motivated by the debate about globally uniform accounting standards, this study investigates whether firms using U.S. generally accepted accounting principles (GAAP) vis-a-vis international accounting standards (IAS) exhibit differences in several proxies for information asymmetry. The author finds that, at least for New Market firms, the choice between IAS and U.S. GAAP appears to be of little consequence for information asymmetry and market liquidity. These findings do not support widespread claims that U.S. GAAP produce financial statements of higher informational quality than IAS. |
SCIMA