Does mandatory IFRS adoption improve information comparability?

Accounting Review

Volumn 87, Issue 5, 2012, Pages 1767-1789

  Yip, Rita W Y ^a   Young, Danqing ^b  

^a LINGNAN UNIVERSITY   (Hong Kong)

^b CHINESE UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

IFRS adoption; Information comparability; Institutional environment

Indexed keywords

EID: 84870478383     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: 10.2308/accr-50192     Document Type: Article

References (39)

1. Armstrong, C. S., M. E. Barth, A. D. Jagolinzer, and E. J. Riedl. 2010. Market reaction to the adoption of IFRS in Europe. The Accounting Review 85(1):31-61.
2. Ashbaugh, H., and M. Pincus. 2001. Domestic accounting standards, international accounting standards, and the predictability of earnings. Journal of Accounting Research 39(3):417-434. (Pubitemid 33592226)
3. Atiase, R. W. 1985. Predisclosure information, firm capitalization, and security price behavior around earnings announcements. Journal of Accounting Research 23(1):21-36.
4. Baginski, S. P. 1987. Intraindustry information transfers associated with management forecasts of earnings. Journal of Accounting Research 25(2):196-216.
5. Ball, R., A. Robin, and J. S. Wu. 2003. Incentives versus standards: Properties of accounting income in four East Asian countries. Journal of Accounting and Economics 36(1/3):235-270. (Pubitemid 38161320)
6. Ball, R., and L. Shivakumar. 2005. Earnings quality in U. K. private firms: Comparative loss recognition timeliness. Journal of Accounting and Economics 39(1):83-128. (Pubitemid 40251001)
7. Barth, M. E., W. R. Landsman, M. H. Lang, and C. D. Williams. 2011. Are IFRS-Based and U. S. GAAP-Based Accounting Amounts Comparable? Working Paper No. 78. Stanford, CA: Stanford University.
8. Beuselinck, C., P. Joos, and S. Van Der Meulen. 2007. International Earnings Comparability. Working paper, Tilburg University.
9. Bradshaw, M. T., G. S. Miller, and G. Serafeim, et al. 2009. Accounting Method Heterogeneity and Analysts' Forecasts. Working paper, The University of Chicago, University of Michigan, and Harvard University.
10. Burgstahler, D. C., L. Hail, and C. Leuz. 2006. The importance of reporting incentives: Earnings management in European private and public firms. The Accounting Review 81(5):983-1016. (Pubitemid 44825412)
11. Capkun, V., A. Cazavan-Jeny, T. Jeanjean, and L. A. Weiss. 2008. Earnings Management and Value Relevance during the Mandatory Transition from Local GAAPS to IFRS in Europe. Working paper, HEC School of Management, ESSEC Business School, HEC Paris, Georgetown University.
12. Chi, S. 2009. Simultaneous Presence of Different Domestic GAAPS and Investors' Limited Attention Bias in U. S. Equity Market: Implication of Convergence. Working paper, University of California, Irvine.
13. Choi, F. D. S., C. A. Frost, and G. K. Meek. 1999. International Accounting. Upper Saddle River, NJ: Prentice Hall.
14. Clarkson, P., J. D. Hanna, G. D. Richardson, and R. Thompson. 2011. The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting and Economics 7(1):1-17.
15. Clinch, G. J., and N. A. Sinclair. 1987. Intra-industry information releases: A recursive systems approach. Journal of Accounting and Economics 9(1):89-106.
16. Daske, H., L. Hail, C. Leuz, and R. Verdi. 2008. Mandatory IFRS reporting around the world: Early evidence on the economic consequences. Journal of Accounting Research 46(5):1085-1142.
17. De Fond, M., X. Hu, M. Hung, and S. Li. 2011. The impact of IFRS adoption on foreign mutual fund ownership: The role of comparability. Journal of Accounting and Economics 51(3):240-258.
18. De Franco, G., S. P. Kothari, and R. S. Verdi. 2011. The benefits of financial statement comparability. Journal of Accounting Research 49(4):895-931.
19. Financial Accounting Standards Board (FASB). 1980. Qualitative Characteristics of Accounting Information. Concepts Statement No. 2. Norwalk, CT: FASB.
20. Firth, M. 1976. The impact of earnings announcements on the share price behavior of similar type firms. Economic Journal 86(342):296-306.
21. Firth, M. 1996. The transmission of corporate financial information across national borders and equity market linkages. Review of Accounting Studies 1(4):309-337.
22. Foster, G. 1981. Intra-industry information transfers associated with earnings releases. Journal of Accounting and Economics 3(3):201-232.
23. Gow, I. D., G. Ormazabal, and D. J. Taylor. 2010. Correcting for cross-sectional and time-series dependence in accounting research. The Accounting Review 85(2):483-512.
24. Han, J. C. Y., and J. J. Wild. 1990. Unexpected earnings and intraindustry information transfers: Further evidence. Journal of Accounting Research 28(1):211-219.
25. Han, J. C. Y., J. J. Wild, and K. Ramesh. 1989. Managers' earnings forecasts and intra-industry information transfers. Journal of Accounting and Economics 11(1):3-33.
26. Hayn, C. 1995. The information content of losses. Journal of Accounting and Economics 20(2):125-153.
27. Hoogendoorn, M. 2006. International accounting regulation and IFRS implementation in Europe and beyond-Experiences with first-time adoption in Europe. European Accounting Review 15(3):23-26.
28. Horton, J., and G. Serafeim. 2010. Market reaction to and valuation of IFRS reconciliation adjustments: First evidence from the U. K. Review of Accounting Studies 15(4):725-751.
29. Hramnath, S. 2002. Investor and analyst reactions to earnings announcements of related firms: An empirical analysis. Journal of Accounting Research 40(5):1351-1376.
30. International Accounting Standards Board (IASB). 2010. Framework for the Preparation and Presentation of Financial Statements. London, U. K.: IASB.
31. Kim, Y., M. Lacina, and M. S. Park. 2008. Positive and negative information transfers from management forecasts. Journal of Accounting Research 46(4):885-908.
32. Li, S. 2010. Does mandatory adoption of international financial reporting standards in the European Union reduce the cost of equity capital? The Accounting Review 85(2):607-636.
33. Milton, S. 1986. A sample size formula for multiple regression studies. The Public Opinion Quarterly 50(1):112-118.
34. Ohlson, J. 1995. Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research 11(2):661-687.
35. Szewczyk, S. H. 1992. The intra-industry transfer of information inferred from announcements of corporate security offerings. Journal of Finance 47(5):1935-1945.
36. Tawatnuntachai, O., and R. D'Mello. 2002. Intra-industry reactions to stock split announcements. Journal of Financial Research 25(1):39-57.
37. Turner, J. N. 1983. International harmonization: A professional goal. Journal of Accountancy 155(1):58-66.
38. Weber, C. 1992. Harmonization of international accounting standards. National Public Accountant (October 1). Available at: http://findarticles.com/p/ articles/mi-m4325/is-n10-v37/ai-n25021565/?tag=content;col1
39. Wu, J. S., and I. Zhang. 2010. Accounting Integration and Comparability: Evidence from Relative Performance Evaluation around IFRS Adoption. Working paper, University of Rochester, University of Minnesota-Twin Cities.