메뉴 건너뛰기




Volumn 53, Issue 1-2, 2012, Pages 34-54

The information content of annual earnings announcements and mandatory adoption of IFRS

Author keywords

Earnings announcements; IFRS; Information content

Indexed keywords


EID: 84857039805     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jacceco.2011.04.002     Document Type: Article
Times cited : (373)

References (53)
  • 1
  • 2
    • 0034340509 scopus 로고    scopus 로고
    • Country-specific factors related to financial reporting and the value relevance of accounting data
    • Ali A., Hwang L. Country-specific factors related to financial reporting and the value relevance of accounting data. Journal of Accounting Research 2000, 38:1-21.
    • (2000) Journal of Accounting Research , vol.38 , pp. 1-21
    • Ali, A.1    Hwang, L.2
  • 3
    • 80052928039 scopus 로고    scopus 로고
    • Financial Information Globalization and Foreign Investment Decisions
    • Working Paper. University of North Carolina.
    • Amiram, D., 2010. Financial Information Globalization and Foreign Investment Decisions. Working Paper. University of North Carolina.
    • (2010)
    • Amiram, D.1
  • 4
    • 46049090578 scopus 로고    scopus 로고
    • International GAAP differences: the impact on foreign analysts, Accounting Review 83
    • Bae, K., Tan, H., Welker, M., 2008. International GAAP differences: the impact on foreign analysts, Accounting Review 83, pp. 593-628. http://doi:10.2308/accr.2008.83.3.593.
    • (2008) , pp. 593-628
    • Bae, K.1    Tan, H.2    Welker, M.3
  • 5
    • 33745121556 scopus 로고    scopus 로고
    • The economic consequences of increased disclosure: evidence from international cross-listings
    • Bailey W., Karolyi G.A., Salva C. The economic consequences of increased disclosure: evidence from international cross-listings. Journal of Financial Economics 2006, 81:175-213.
    • (2006) Journal of Financial Economics , vol.81 , pp. 175-213
    • Bailey, W.1    Karolyi, G.A.2    Salva, C.3
  • 7
    • 0002742759 scopus 로고
    • An empirical evaluation of accounting income numbers
    • Ball R., Brown P. An empirical evaluation of accounting income numbers. Journal of Accounting Research 1968, 6:159-178.
    • (1968) Journal of Accounting Research , vol.6 , pp. 159-178
    • Ball, R.1    Brown, P.2
  • 8
    • 0042780791 scopus 로고    scopus 로고
    • The effect of international institutional factors on properties of accounting earnings
    • Ball R., Kothari S.P., Robin A. The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics 2000, 29:1-51.
    • (2000) Journal of Accounting and Economics , vol.29 , pp. 1-51
    • Ball, R.1    Kothari, S.P.2    Robin, A.3
  • 9
    • 0041790655 scopus 로고    scopus 로고
    • Incentives versus standards: properties of accounting income in four East Asian countries
    • Ball R., Robin A., Wu J.S. Incentives versus standards: properties of accounting income in four East Asian countries. Journal of Accounting and Economics 2003, 36:235-270.
    • (2003) Journal of Accounting and Economics , vol.36 , pp. 235-270
    • Ball, R.1    Robin, A.2    Wu, J.S.3
  • 10
    • 79959327184 scopus 로고    scopus 로고
    • Trading volume around earnings announcements and other financial reports: theory, research design, empirical evidence, and directions for future research
    • In press
    • Bamber, L.S., Barron, O., Stevens, D. Trading volume around earnings announcements and other financial reports: theory, research design, empirical evidence, and directions for future research. Contemporary Accounting Research, in press. http://doi:10.1111/j.1911-3846.2010.01061.x.
    • Contemporary Accounting Research
    • Bamber, L.S.1    Barron, O.2    Stevens, D.3
  • 11
    • 84857044457 scopus 로고    scopus 로고
    • What Do We Really Know About the Firm Size Effect on Trading Volume Reactions to Earnings Announcement? A Re-examination and Extension
    • Working Paper. Pennsylvania State University.
    • Barron, O., Schneible, R., Stevens, D., 2009. What Do We Really Know About the Firm Size Effect on Trading Volume Reactions to Earnings Announcement? A Re-examination and Extension. Working Paper. Pennsylvania State University.
    • (2009)
    • Barron, O.1    Schneible, R.2    Stevens, D.3
  • 13
    • 79959423979 scopus 로고    scopus 로고
    • Are International Accounting Standards-based and US GAAP-based Accounting Amounts Comparable? Working Paper
    • Stanford University.
    • Barth, M., Landsman, W.R., Lang, M., Williams, C., 2010. Are International Accounting Standards-based and US GAAP-based Accounting Amounts Comparable? Working Paper. Stanford University.
    • (2010)
    • Barth, M.1    Landsman, W.R.2    Lang, M.3    Williams, C.4
  • 14
    • 0002072633 scopus 로고
    • The information content of annual earnings announcements
    • Beaver W. The information content of annual earnings announcements. Journal of Accounting Research 1968, 6:67-92.
    • (1968) Journal of Accounting Research , vol.6 , pp. 67-92
    • Beaver, W.1
  • 16
    • 84555203002 scopus 로고    scopus 로고
    • Direct and Mediated Associations among Earnings Quality, Information Asymmetry and the Cost of Equity
    • Working Paper. Southern Methodist University.
    • Bhattacharya, N., Ecker F., Olsson, P., Schipper, K., 2009. Direct and Mediated Associations among Earnings Quality, Information Asymmetry and the Cost of Equity. Working Paper. Southern Methodist University.
    • (2009)
    • Bhattacharya, N.1    Ecker, F.2    Olsson, P.3    Schipper, K.4
  • 17
    • 33745588709 scopus 로고    scopus 로고
    • The importance of reporting incentives: earnings management in European private and public firms
    • Burgstahler D.C., Hail L., Leuz C. The importance of reporting incentives: earnings management in European private and public firms. The Accounting Review 2006, 81:983-1017.
    • (2006) The Accounting Review , vol.81 , pp. 983-1017
    • Burgstahler, D.C.1    Hail, L.2    Leuz, C.3
  • 19
    • 78751476634 scopus 로고    scopus 로고
    • The effect of mandatory IFRS adoption on financial analysts' information environment
    • Byard D., Li Y., Yu Y. The effect of mandatory IFRS adoption on financial analysts' information environment. Journal of Accounting Research 2011, 49:69-96.
    • (2011) Journal of Accounting Research , vol.49 , pp. 69-96
    • Byard, D.1    Li, Y.2    Yu, Y.3
  • 20
    • 33846663095 scopus 로고    scopus 로고
    • Home bias, foreign mutual fund holdings, and the voluntary adoption of International Accounting Standards
    • Covrig V., DeFond M., Hung M. Home bias, foreign mutual fund holdings, and the voluntary adoption of International Accounting Standards. Journal of Accounting Research 2007, 45:41-70.
    • (2007) Journal of Accounting Research , vol.45 , pp. 41-70
    • Covrig, V.1    DeFond, M.2    Hung, M.3
  • 21
    • 34548463086 scopus 로고    scopus 로고
    • Adopting a Label: Heterogeneity in the Economic Consequences of IFRS Adoptions
    • Working Paper. University of Pennsylvania.
    • Daske, H., Hail, L., Leuz, C., Verdi, R., 2009. Adopting a Label: Heterogeneity in the Economic Consequences of IFRS Adoptions. Working Paper. University of Pennsylvania.
    • (2009)
    • Daske, H.1    Hail, L.2    Leuz, C.3    Verdi, R.4
  • 22
    • 54249153844 scopus 로고    scopus 로고
    • Mandatory IFRS reporting around the world: early evidence on the economic consequences
    • Daske H., Hail L., Leuz C., Verdi R. Mandatory IFRS reporting around the world: early evidence on the economic consequences. Journal of Accounting Research 2008, 46:1085-1142.
    • (2008) Journal of Accounting Research , vol.46 , pp. 1085-1142
    • Daske, H.1    Hail, L.2    Leuz, C.3    Verdi, R.4
  • 23
    • 33846509152 scopus 로고    scopus 로고
    • Investor protection and the information content of annual earnings announcements: international evidence
    • DeFond M., Hung M., Trezevant R. Investor protection and the information content of annual earnings announcements: international evidence. Journal of Accounting and Economics 2007, 43:37-67.
    • (2007) Journal of Accounting and Economics , vol.43 , pp. 37-67
    • DeFond, M.1    Hung, M.2    Trezevant, R.3
  • 24
    • 79953030110 scopus 로고    scopus 로고
    • The impact of mandatory IFRS adoption on foreign mutual fund ownership: the role of comparability
    • in press.
    • DeFond, M., Hu, X., Hung, M., Li, S., The impact of mandatory IFRS adoption on foreign mutual fund ownership: the role of comparability. Journal of Accounting and Economics, in press. http://doi:10.1016/j.jacceco.2011.02.001.
    • Journal of Accounting and Economics
    • DeFond, M.1    Hu, X.2    Hung, M.3    Li, S.4
  • 26
    • 43849110787 scopus 로고    scopus 로고
    • Does international cross-listing improve the information environment?
    • Fernandes N., Ferreira M.A. Does international cross-listing improve the information environment?. Journal of Financial Economics 2008, 88:216-244.
    • (2008) Journal of Financial Economics , vol.88 , pp. 216-244
    • Fernandes, N.1    Ferreira, M.A.2
  • 27
    • 84857060954 scopus 로고    scopus 로고
    • How Important is the Financial Press in Global Markets? Working Paper
    • University of Texas at Austin.
    • Griffin, J., Hirschey, N., Kelly, P., 2010. How Important is the Financial Press in Global Markets? Working Paper. University of Texas at Austin.
    • (2010)
    • Griffin, J.1    Hirschey, N.2    Kelly, P.3
  • 28
    • 0013207781 scopus 로고    scopus 로고
    • The association between financial accounting measures and real economic activity: a multinational study
    • Guenther D., Young D. The association between financial accounting measures and real economic activity: a multinational study. Journal of Accounting and Economics 2000, 29:53-72.
    • (2000) Journal of Accounting and Economics , vol.29 , pp. 53-72
    • Guenther, D.1    Young, D.2
  • 30
    • 62649168766 scopus 로고    scopus 로고
    • Accounting standards, financial reporting outcomes, and enforcement
    • Holthausen R. Accounting standards, financial reporting outcomes, and enforcement. Journal of Accounting Research 2009, 47:447-458.
    • (2009) Journal of Accounting Research , vol.47 , pp. 447-458
    • Holthausen, R.1
  • 31
    • 77950389296 scopus 로고    scopus 로고
    • Does Mandatory IFRS Adoption Improve the Information Environment? Working Paper
    • London School of Economics.
    • Horton, J., Serafeim, G., Serafeim, I., 2010. Does Mandatory IFRS Adoption Improve the Information Environment? Working Paper. London School of Economics.
    • (2010)
    • Horton, J.1    Serafeim, G.2    Serafeim, I.3
  • 32
    • 67650021359 scopus 로고    scopus 로고
    • Volume and price patterns around a stock's 52-week highs and lows: theory and evidence
    • Huddart S., Lang M., Yetman M.H. Volume and price patterns around a stock's 52-week highs and lows: theory and evidence. Management Science 2009, 55:16-31.
    • (2009) Management Science , vol.55 , pp. 16-31
    • Huddart, S.1    Lang, M.2    Yetman, M.H.3
  • 33
    • 33750479532 scopus 로고    scopus 로고
    • Individual equity return data from Thomson Datastream: handle with care
    • Ince O., Porter R.B. Individual equity return data from Thomson Datastream: handle with care. Journal of Financial Research 2006, 29:463-479.
    • (2006) Journal of Financial Research , vol.29 , pp. 463-479
    • Ince, O.1    Porter, R.B.2
  • 34
    • 67849135038 scopus 로고    scopus 로고
    • Public and private enforcement of securities laws: resource-based evidence
    • Jackson H., Roe M. Public and private enforcement of securities laws: resource-based evidence. Journal of Financial Economics 2009, 93:207-238. 10.1016/j.jfineco.2008.08.006.
    • (2009) Journal of Financial Economics , vol.93 , pp. 207-238
    • Jackson, H.1    Roe, M.2
  • 36
    • 0000358003 scopus 로고
    • Trading volume and price reactions to public announcements
    • Kim O., Verrecchia R.E. Trading volume and price reactions to public announcements. Journal of Accounting Research 1991, 29:302-321.
    • (1991) Journal of Accounting Research , vol.29 , pp. 302-321
    • Kim, O.1    Verrecchia, R.E.2
  • 40
    • 0036993827 scopus 로고    scopus 로고
    • Empirical evidence on the evolution of international earnings
    • Land J., Lang M. Empirical evidence on the evolution of international earnings. The Accounting Review 2002, 77:115-133.
    • (2002) The Accounting Review , vol.77 , pp. 115-133
    • Land, J.1    Lang, M.2
  • 41
    • 80054794254 scopus 로고    scopus 로고
    • Transparency, Liquidity, and Valuation: International Evidence
    • Working Paper. University of North Carolina.
    • Lang, M., Lins, K., Maffett, M., 2011. Transparency, Liquidity, and Valuation: International Evidence. Working Paper. University of North Carolina.
    • (2011)
    • Lang, M.1    Lins, K.2    Maffett, M.3
  • 42
    • 0036017579 scopus 로고    scopus 로고
    • Has the information content of quarterly earnings announcements declined in the past three decades?
    • Landsman W., Maydew E. Has the information content of quarterly earnings announcements declined in the past three decades?. Journal of Accounting Research 2002, 40:797-808.
    • (2002) Journal of Accounting Research , vol.40 , pp. 797-808
    • Landsman, W.1    Maydew, E.2
  • 43
    • 0042012826 scopus 로고    scopus 로고
    • Earnings management and investor protection: an international comparison
    • Leuz C., Nanda D., Wysocki P.D. Earnings management and investor protection: an international comparison. Journal of Financial Economics 2003, 69:505-527.
    • (2003) Journal of Financial Economics , vol.69 , pp. 505-527
    • Leuz, C.1    Nanda, D.2    Wysocki, P.D.3
  • 44
    • 62649171993 scopus 로고    scopus 로고
    • Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research
    • Working Paper. University of Chicago.
    • Leuz, C., Wysocki, P., 2008. Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research. Working Paper. University of Chicago.
    • (2008)
    • Leuz, C.1    Wysocki, P.2
  • 45
    • 0000023612 scopus 로고
    • On the usefulness of earnings and earnings research: lessons and directions from two decades of empirical research
    • Lev B. On the usefulness of earnings and earnings research: lessons and directions from two decades of empirical research. Journal of Accounting Research 1989, 27:153-192.
    • (1989) Journal of Accounting Research , vol.27 , pp. 153-192
    • Lev, B.1
  • 46
    • 77951775371 scopus 로고    scopus 로고
    • Does mandatory adoption of International Financial Reporting Standards in the European Union reduce the cost of equity capital?
    • Li S. Does mandatory adoption of International Financial Reporting Standards in the European Union reduce the cost of equity capital?. The Accounting Review 2010, 85:607-636.
    • (2010) The Accounting Review , vol.85 , pp. 607-636
    • Li, S.1
  • 48
    • 84892702170 scopus 로고    scopus 로고
    • Estimating standard errors in finance panel data sets: comparing approaches
    • Petersen M. Estimating standard errors in finance panel data sets: comparing approaches. Review of Financial Studies 2009, 22:435-480.
    • (2009) Review of Financial Studies , vol.22 , pp. 435-480
    • Petersen, M.1
  • 49
    • 0002037905 scopus 로고
    • Asymptotic intervals for indirect effects in structural equations models
    • Jossey-Bass, San Francisco, S. Leinhart (Ed.)
    • Sobel M.E. Asymptotic intervals for indirect effects in structural equations models. Sociological Methodology 1982, 290-312. Jossey-Bass, San Francisco. S. Leinhart (Ed.).
    • (1982) Sociological Methodology , pp. 290-312
    • Sobel, M.E.1
  • 50
    • 37549038651 scopus 로고    scopus 로고
    • IFRS adoption and accounting quality: a review
    • Soderstrom N.S., Sun K.J. IFRS adoption and accounting quality: a review. European Accounting Review 2007, 16:678-702.
    • (2007) European Accounting Review , vol.16 , pp. 678-702
    • Soderstrom, N.S.1    Sun, K.J.2
  • 51
    • 84857049197 scopus 로고    scopus 로고
    • Foreign Analysts Following and forecast Accuracy around Mandatory IFRS Adoptions
    • Working Paper. University of Waterloo.
    • Tan, H., Wang, S., Welker, M., 2009. Foreign Analysts Following and forecast Accuracy around Mandatory IFRS Adoptions. Working Paper. University of Waterloo.
    • (2009)
    • Tan, H.1    Wang, S.2    Welker, M.3
  • 52
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 1980, 48:817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 53
    • 77958606456 scopus 로고    scopus 로고
    • Accounting Standards and International Portfolio Holdings: Analysis of Cross-border Holdings following Mandatory Adoption of IFRS
    • Working Paper. Harvard Business School.
    • Yu, G., 2010. Accounting Standards and International Portfolio Holdings: Analysis of Cross-border Holdings following Mandatory Adoption of IFRS. Working Paper. Harvard Business School.
    • (2010)
    • Yu, G.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.