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| Tekijä: | Chen, H. (et al.) |
| Otsikko: | The role of international financial reporting standards in accounting quality: Evidence from the European Union |
| Lehti: | Journal of international financial management & accounting
2010 : AUTUMN, VOL. 21:3, p. 220-278 |
| Asiasana: | accounting standards international financial reporting quality listed companies European Union |
| Kieli: | eng |
| Tiivistelmä: | Research on the effect of International Financial Reporting Standards (IFRS) on accounting quality (henceforth as: acc-qlty.) may have difficulties to control for confounding factors on acc-qlty. As a result, the encountered changes in acc-qlty. could not be attributed mainly to IFRS. Using a unique research setting, this study compares the acc-qlty. of publicly listed companies in 15 member states of the European Union (EU) before and after the full adoption of IFRS in 2005. Five indicators are used as proxies for acc-qlty. It is found that the majority of acc-qlty. indicators improved after IFRS adoption in the EU. Thus, there is less of managing earnings toward a target, a lower magnitude of absolute discretionary accruals, and higher accruals quality. Yet, the results also show firms engaging in more earnings smoothing and recognize large losses in a less timely manner in post-IFRS periods. Furthermore, examined are also the effects of institutional variables on financial reporting quality. |
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