haku: @indexterm FINANCIAL REPORTING / yhteensä: 743
viite: 10 / 743
| Tekijä: | Aubert, F. Grudnitski, G. |
| Otsikko: | The impact and importance of mandatory adoption of International financial reporting standards in Europe |
| Lehti: | Journal of international financial management & accounting
2011 : SPRING, VOL. 22:1, p. 1-26 |
| Asiasana: | international accounting standards financial reporting European Union |
| Vapaa asiasana: | disclosure of information |
| Kieli: | eng |
| Tiivistelmä: | This paper reports on the results of performing a two-stage analysis on the impact and importance of mandatory adoption of international accounting reporting standards (IFRS) in the European Union (EU) across 13 countries and 20 industries. Among other results, there were found significant positive differences for firms in Belgium, Finland, France, Italy, the Netherlands, Sweden, Switzerland and the United Kingdom (U.K.). Yet, only German and Norwegian firms showed a negative average significant difference btw. return on assets (ROA) calculated using IFRS and generally accepted accounting principles (LG). Defining impact in terms of market and financial reporting quality, a statistically significant relationship was found btw. accounting information and market returns for firms in the all-countries-combined sample of over 3,500 observations, and in the countries of Belgium, Finland, France, Greece, Italy, the Netherlands, Norway, Sweden and the United Kingdom etc. |
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