IAS/IFRS and financial reporting quality: Lessons from the European experience

Palea, Vera

doi:10.1016/j.cjar.2013.08.003

Cited by 68 publications

(54 citation statements)

References 66 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Indeed, the research studies provide evidence on benefits that IFRS adoption has brought to capital markets (Tarca, 2012): the reduced cost of capital (Li, 2010;Palea, 2007), increase in cross-border investments (DeFond et al, 2011;Yu, 2009), trading activity (Bruggemann et al, 2009), market liquidity (Daske et al, 2008) and volume of merger and acquisition (Francis et al, 2012). These results prove the claim that IFRS alleviate financial information asymmetries and therefore provide for a mitigated level of investment risks.…”

Section: Introductionsupporting

confidence: 49%

A Case for International Financial Reporting Standard on Sustainability: A Critical Perspective

Cherepanova¹

2017

JMS

View full text Add to dashboard Cite

The domain of sustainability reporting has seen a substantial proliferation in recent years. Many standards, guidelines, and voluntary regulatory mechanisms have emerged, yet a specific IFRS on sustainability doesn't exist. This paper provides a critical analysis of desirability for the institutionalization of sustainability reporting in a form of IFRS standard. First, I discuss strengths and weaknesses of IFRS and their adoption. Next, I delineate the complex multi-dimensional nature of accounting harmonization and specifically highlight the existing barriers to the successful advancement of this process. I provide a justification why a complete convergence of national accounting standards is unlikely and even undesirable, given the diversity of cultures, enforcement mechanisms, tax and legal systems around the world. In the final section I review the concept of sustainability in its breadth and depth, and analyze how the usage of analogy to financial reporting may impose constraints on the scope of sustainability development goals. By contrast to financial reporting, sustainability reporting is addressed to a much wider group of stakeholders whose engagement is crucial for meaningful sustainable development goals. The paradigm of the IFRS does not render possible embracingthis wider scope, therefore, their applicability for the purposes of sustainability reporting is limited.

show abstract

Section: Introductionsupporting

confidence: 49%

A Case for International Financial Reporting Standard on Sustainability: A Critical Perspective

Cherepanova¹

2017

JMS

View full text Add to dashboard Cite

show abstract

“…No caso da qualidade da informação contábil, os resultados oferecidos pela literatura empírica sobre o efeito da adoção das IFRS são mistos, apontando alguns estudos para um impacto positivo, enquanto outros sugerem a existência de nenhum efeito ou de um efeito negativo. Vejam-se a este propósito as excelentes análises da literatura, mais ou menos sistemáticas, já existentes sobre o tema, nomeadamente Soderstrom and Sun (2007) Palea (2013). Devido à abundância de estudos, a revisão de literatura que se apresenta de seguida focar-se-á sobre os estudos que têm analisado o efeito da adoção das IFRS no valor relevante da informação contábil.…”

Section: Adoção Das Ifrs E Valor Relevante Da Informação Contábilunclassified

Corporate Governance and the Effect of Ifrs Adoption: The Brazilian Case

Lourenço¹,

Branco²

2015

RUC

View full text Add to dashboard Cite

Telefone: +351 225 571 100 RESUMO Este estudo analisa o efeito da adoção das International Financial Reporting Standards (IFRS) no valor relevante da informação contábil apresentada pelas empresas brasileiras de capital aberto e a influência do nível de governança corporativa neste processo de mudança do normativo local para o normativo internacional. Analisa-se o efeito da adoção das IFRS no valor relevante da informação contábil das empresas dos segmentos da BM&FBOVESPA que exigem melhores práticas de governança corporativa (Novo Mercado e Nível 2), comparando-o com as empresas dos restantes níveis de adesão a práticas de governação corporativa. Os resultados obtidos sugerem que a adoção das IFRS teve um efeito positivo no valor relevante do resultado líquido mas apenas no grupo de empresas que sinalizam melhores práticas de governação corporativa. Este estudo A GOVERNANÇA CORPORATIVA E O EFEITO DA ADOÇÃO DAS IFRS: O CASO BRASILEIRO Revista Universo Contábil, ISSN 1809-3337, FURB, Blumenau, v. 11, n. 1, p. xx-xx, jan./mar., 2015 contribui para literatura que sugere que consoante as características das próprias empresas que as adotam podem ser diferenciadas as consequências económicas da adoção das IFRS. Palavras-chave: Brasil. IFRS. Normas Internacionais de Contabilidade. Valor Relevante da Informação Contábil. ABSTRACTThis study analyses the consequences of the adoption of International Financial Reporting Standards (IFRS) in terms of the value relevance of accounting information disclosed by Brazilian listed companies and the influence of the quality of corporate governance practices on the process of changing from local accounting standards to international accounting standards. We examine the effect of IFRS adoption on the value relevance of accounting information of companies from BM&FBOVESPA's segments requiring better corporate governance practices (New Market and Level 2) in comparison with companies from the other segments. Findings suggest that IFRS adoption had a positive effect on the value relevance of accounting information, but only in the case of companies that signal better corporate governance practices. ResumenEn este trabajo se examina el efecto de la aplicación de las International Financial Reporting Standards (IFRS) en la relevancia de la información contable de las empresas con acciones negociadas en BM&FBOVESPA y de la influencia del gobierno corporativo en tal processo de cambio de normas de contabilidade locales para normas de contabilidade internacionales. Para ello se contrasta el efecto de la aplicación de las IFRS en la relevancia de la información contable de las empresas de segmentos de la BM&FBOVESPA que exigen mejores práticas de gobierno corporativo (Nuevo Mercado y Nível 2) con tal efecto en el caso de empresas de los otros segmentos. Nuestros resultados muestran que que hubo un efecto positivo de la aplicación de las IFRS, pero sólo en el caso de las empresas com mejores práticas de gobierno corporativo.

show abstract

“…As empirical research on the consequences of IFRS adoption worldwide develops, the context‐specificity of the effects of said adoption becomes increasingly clear (Soderstrom and Sun ; Brown ; Pope and McLeay ; Brüggemann et al. ; Palea ; Brown ; Lourenço and Branco ). There is currently some consensus surrounding the idea that rigorous enforcement mechanisms and reporting incentives are indispensable to the realisation of the expected benefits of IFRS adoption (e.g., Ball ; Leuz ; Brown ; Barth et al.…”

mentioning

confidence: 99%

International Differences in Accounting Practices Under IFRS and the Influence of the US

Lourenço

Sarquis

Branco

et al. 2018

Australian Accounting Review

View full text Add to dashboard Cite

This paper expands prior International Financial Reporting Standards (IFRS) accounting systems’ classifications to a broader set of 27 countries where IFRS adoption is a widespread practice, as well as the US. It examines the issue of whether a US model of accounting that includes countries which have adopted IFRS exists. The results suggest a classification distinguishing between three groups of countries based on the similarity of their accounting practices: 1) Australia and New Zealand; 2) US‐influenced countries; and 3) South Africa, Oman and European countries. This study contributes to the literature not only by providing evidence of differences in accounting practices to a broader set of countries, but mainly by suggesting an economic explanation of the existence of accounting choices. In particular, economic proximity to the US may be an important factor influencing accounting practices in some countries, even after IFRS adoption.

show abstract

IAS/IFRS and financial reporting quality: Lessons from the European experience

Cited by 68 publications

References 66 publications

A Case for International Financial Reporting Standard on Sustainability: A Critical Perspective

A Case for International Financial Reporting Standard on Sustainability: A Critical Perspective

Corporate Governance and the Effect of Ifrs Adoption: The Brazilian Case

International Differences in Accounting Practices Under IFRS and the Influence of the US

Contact Info

Product

Resources

About