An investigation of the comparative impact of degree of implementation of IFRS upon the public and private information quality of East and West European firms

Determinants of Accounting Choice of Noncurrent Assets at IFRS First Adoption Among Nigerian Firms

“…The benefits of adopting IFRS are highlighted in most IFRS research during the last decade. Some these benefits relate to improved comparability, relevance and transparency of financial reports (Haverals, 2007), creating a global business language worldwide (Jermakowicz, 2004), provision of adequate and comprehensive information to reduce information asymmetry (Djatej et al, 2009) and improvement in the functioning of capital markets (Schleicher et al, 2010). Pascan and Turcas (2012) found that the impact of first time IFRS adoption have different effect on firms depending on their sizes, industry type and nature of the adoption, either voluntary of mandatory.…”

"Measuring The Effects Of Ifrs Adoption In Romania On Thevalue Relevance Of Accounting Data "

“…Disclosure quality affects the informational risk because of the way public and private information are distributed among investors. Considering that the reduction of choices followed by IFRS implementation should result in higher quality public information and lower the quality of private information, Djatej et al (2009) have examined the comparative impact of East European and West European countries of domicile degree of implementation of IFRS on the quality of public and private information. The authors have concluded that IFRS implementation "increases the quality of public information and decreases the quality of private information for both East European and West European countries of domicile".…”

“…The benefits of IFRS adoption are documented in the research literature (Păşcan and Ţurcaş, 2012) and consist of: the increase of comparability and transparency of financial reporting (Haverals, 2007); the harmonization of internal and external reporting under IFRS by creating a single accounting "language" across the business (Jermakowicz, 2004); the decrease of information asymmetry (Djatej et al, 2009); the improvement of the functioning of capital markets (Schleicher et al, 2010).…”

The influence of disclosure policy on analyst behavior: The case of segment data

“…Barron, Byard, & Kim, 2002;Botosan, Plumlee, & Xie, 2004;Byard & Shaw, 2003;Djatej et al, 2009;Mohanram & Sunder, 2006;Venkataraman, 2001;among others). For these reasons, I believe that the BKLS measure is, on balance and despite its limitations, the preferable approach for my study.…”

“…However, to the extent that these firm-specific factors reduce the quality (or precision) of commonly available information, investors' demand for analyst-provided information is expected to shift outward, thereby increasing equilibrium supply. Under the assumption that an analyst is interested in maximizing her expected utility, she will invest effort to generate idiosyncratic information to satisfy investors' demand, up to the point where her marginal costs of generating idiosyncratic information equal the marginal benefits of providing such information to investors (see Barron, Byard, & Yu, 2008;Barth, Kasznik, & McNichols, 2001;Das, Levine, & Sivaramakrishnan, 1998;Djatej, Gao, Sarikas, & Senteney, 2009;O'Brien & Bhushan, 1990). The next section discusses prior studies examining the relationship between corporate disclosure and analysts' efforts.…”