... Financial Reporting Standards (IFRS) than those that did not. IFRS adoption also enables aggregate earnings to better predict growth in GDP components and related factors. We show that aggregate accruals drive this effect, not aggregate cash flows. The mechanism for the enhanced predictive ability of IFRS...

... internationally recognized accounting standards (IFRS or U.S. GAAP) as our measure of reporting transparency, we find that following a transparent accounting framework decreases cartel duration. We show this finding is partly explained by transparent segment disclosure, which provides a means for the verification...

...Martin Glaum; Wayne R. Landsman; Sven Wyrwa ABSTRACT This study investigates the determinants of goodwill impairment decisions by firms applying IFRS based on a comprehensive sample of stock-listed firms from 21 countries. Multivariate logistical regression findings indicate that goodwill...

...Elizabeth A. Gordon; Hsiao-Tang Hsu ABSTRACT This paper investigates the predictive value of tangible long-lived asset impairments for changes in future operating cash flows under U.S. GAAP and IFRS. We find that impairments reported under IFRS are negatively associated with changes in future...

...Xi Li; Holly I. Yang ABSTRACT This study examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on voluntary disclosure. Using a difference-in-differences analysis, we document a significant increase in the likelihood and frequency of management...

... risk to offset these lost rents and remain competitive. Using mandatory adoption of International Financial Reporting Standards (IFRS) to identify variation in cross-border financing, we find evidence consistent with our hypotheses. Additional tests verify that the effects emanate from the demand side...

.... Lee. July 2013 February 2015 2015 equity valuation pricing multiples warranted multiple peer selection international accounting convergence IFRS Valuation using comparable firm multiples is a standard topic in most financial statement analysis curricula...

..., and/or investors' higher related information processing costs. We examine European real estate firms reporting under International Financial Reporting Standards (IFRS), which require that fair values for investment properties, our sample firms' key operating asset, either be recognized on the balance sheet...

...Mark E. Evans; Richard W. Houston; Michael F. Peters; Jamie H. Pratt ABSTRACT Based on data collected from 616 experienced financial officers who use U.S. GAAP or IFRS and are domiciled in the U.S., Europe, or Asia, we examine how reporting standards (U.S. GAAP versus IFRS) and domicile (U.S...

... cumulative abnormal returns for the treatment sample of U.S. cross-listed firms that prepare financial statements under International Financial Reporting Standards (IFRS), but no such effects for our control sample comprising cross-listed non-IFRS, U.S. domestic, or home-country firms. We find the stock...

... the asset allocation decisions of global mutual funds. We find that investors tend to underweight investees with greater accounting distance. Using the mandatory adoption of International Financial Reporting Standards (IFRS) as an event that changed the accounting standards of various country-pairs, we...

...Karthik Ramanna; Ewa Sletten ABSTRACT: If the differences in accounting standards across countries reflect relatively stable institutional differences, why did several countries rapidly adopt IFRS in the 2003–2008 period? We test the hypothesis that perceived network benefits from the extant...

... Camfferman, Jim Leisenring, Harry Evans, Paul Pacter, and Kay Stice. I am solely responsible for what remains. December 2011 2012 IASC IASB IAS IFRS standard setting regulation In the past several years, most accounting academics have been paying close attention...

...: Accepted by Laureen Maines. September 2010 August 2011 2012 audit litigation principles versus rules jury decision making IFRS The transition from U.S. GAAP to International Financial Reporting Standards (IFRS) continues to be a topic...