haku: @indexterm Accounting standards / yhteensä: 876
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| Tekijä: | Lapointe-Antunes, P. (et al.) |
| Otsikko: | On the relationship between voluntary disclosure, earnings smoothing and the value-relevance of earnings: the case of Switzerland |
| Lehti: | European Accounting Review
2006 : VOL. 15:4, p. 465-505 |
| Asiasana: | financial reporting accounting standards disclosure Switzerland |
| Kieli: | eng |
| Tiivistelmä: | This paper examines if voluntary disclosure (here as: vol-disc.) by Swiss firms constrains the use of discretionary accruals (as: discr-accrs.) to smooth earnings (as: erngs). Explored is the effect of vol-disc. on the value relevance of erngs. In Switzerland, the financial reporting system provides managers with extensive discretion in corporate disclosure (as: disc.) with important variations in the level of information provided through annual reports (as: ann-rept./ann-repts.). Managers can choose two different ways for vol-disc. of information, 1. either through the quality and quantity of ann-rept. disc., or, 2. through compliance with International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) or U.S. Generally Accepted Accounting Principles (GAAP). The results suggest among others that Swiss firms use discr-accrs. for smoothing erngs. However, this relation is reduced for firms using vol-disc. for more information in their ann-rept. or complying with IAS/IFRS or U.S. GAAP. |
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