International Journal of Business and Management, Vol. 3, No. 12, December 2008, all in one fil

International Journal of Business and Management, Vol. 4, No. 7, July 2009, all in one pdf file

International Journal of Business and Management, Vol. 4, No. 4, April 2009, all in one file

International Journal of Business and Management , Vol. 4, No. 2, February 2009, all in one fil

The European Community Regulation No. 1606/2002 required all EU listed companies to prepare their consolidated financial statements in accordance with IFRS as from 1 January 2005. This paper studies the impact of the IFRS mandatory adoption in a typical code-law European country such as Italy. It aims to investigate how and whether the accounting information quality changes following IFRS implementation. The focus is on value relevance which is considered as one of the basic attributes of accounting quality. An empirical analysis is performed on a sample of 960 firm-year observations concerning Italian listed companies observed from 2002 to 2007. Results confirm the expected overall increase in the value relevance under IFRS. The research also documents changes in Italy's country-specific factors in the period surrounding IFRS adoption that may contribute to an improvement in accounting quality. Such a concern is consistent with previous literature supporting the idea that accounting quality does not depend only on the high quality of accounting standards, but it is also a function of the country's complex institutional setting.

International Journal of Business and Management, Vol. 4, No. 10, October 2009, all in one PDF file

International Journal of Business and Management, Vol. 4, No. 6, June 2009, all in one PDF file

International Journal of Business and Management, Vol. 5, No. 1, January 2010, all in one PDF fil