Product market effects of IFRS adoption

Downes, Jimmy F.; Flagmeier, Vanessa; Godsell, David

doi:10.1016/j.jaccpubpol.2018.09.004

Cited by 19 publications

(12 citation statements)

References 71 publications

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“…We followed the (Zaidi & Paz, 2015) having the set of control variables suggested by previous research as stock return of the underlying bank in the listed in the stock exchange, R*D*IFRS: where the explanatory variable is X itn . The variable TREND has been used to measure the time trends recognized by (Downes, Flagmeier, & Godsell, 2018). Another variables such as firm size and earnings timeliness index, earnings timeliness index Islamic bank, earnings timeliness index commercial banks, Investment banks, Microfinance institutions index, earnings timeliness index Public banks and ETS index Specialized banks seen to have a positive association with VAR (Cascino & Gassen, 2015).…”

Section: Resultsmentioning

confidence: 99%

The evaluation of efficiency and value addition of IFRS endorsement towards earnings timeliness disclosure

et al. 2020

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Measurement of accounting information under International Financial Reporting Standards (IFRS) plays an important role in the determination of earnings timeliness information and investor's decision making. This study assessed the compulsory acceptance of IFRS adoption. The study also measures the efficiency of Pakistani banking sector. We employed data envelopment analysis, SVAR and regression methods to measure Pakistani banks efficiency. The results show that the mandatory adoption of IFRS has increased earnings timeliness of information in all banks. The assessment of cumulative effect on banks by incorporating single weighted index value (ET index) reveals that IFRS increased timely profit and loss realization of banks. Comparatively the bank‐wise estimation of earning timeliness indices shows that IFRS does not shows a significant impact on earnings timeliness of commercial and specialized banks. Finally, the evaluation of IFRS policy shocks shows that earnings timeliness and stock returns are positively responding to change in reporting policy. Furthermore, we anticipate policy change to overcome the gap between asymmetrical earnings exposure and value relevancy of investors decision.

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Section: Resultsmentioning

confidence: 99%

The evaluation of efficiency and value addition of IFRS endorsement towards earnings timeliness disclosure

et al. 2020

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“…This study uses the scales of previous studies John (2018), Siriyama et al, (2017), Joshi et al, (2016), Lasmin (2012), Choi et al, (2011), Alkhtani (2012), Downes et al, (2018); Merve et al, (2014), Uyar andGüngörmüş (2013), DeFond et al, (2011), Bhattacharjee (2010), Joshi et al, (2016), Madawaki (2014), Lasmin (2012), Choi et al, (2011) and investigates 5 factors: (i) The benefits for enterprises; (ii) The benefits for investors; (iii) The benefits for policy makers; (iv) The benefits for authorities; and (v) The challenges in applying IFRS. The data was collected by questionnaires that were sent by email to accountants and managers in Vietnamese enterprises in 2019.…”

Section: Methodsmentioning

confidence: 99%

“…In addition, it requires financial transactions to objectively and truthfully reflect the actual situation and performance of companies according to financial disclosure requirements. Therefore, information on performance of companies is relatively reliable and useful for the market participants (Downes et al, 2018, DeFond et al, 2011, Bhattacharjee, 2010. Furthermore, IFRS helps to improve the monitoring and enforcement of regulations (John, 2018;Siriyama et al, 2017) and attract foreign investment (Kapoor, 2013;Chand et al, 2010).…”

Section: Benefits For Authoritiesmentioning

confidence: 99%

“…Other costs include training human resources, investment in infrastructure and changing software system, testing, and implementation. Downes et al, 2018, Xinyun et al, (2017, Young & Zeng (2015), Katta (2014), Jones & Finley (2011), Ballas et al, (2010) investigated difficulties in applying IFRS including costs, time, complexity required for the changes.…”

Section: Cost Issuesmentioning

confidence: 99%

“…Particularly, it has not adopted fair value accounting and has not issued financial instruments. The difference between VAS and IFRS has reduced the trust of foreign investors (Tu Oanh et al, 2019;Downes et al, 2018). The Vietnamese Ministry of Finance and relevant agencies have been taking the necessary steps for the IFRS application roadmap up to 2022.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Estimation of Benefits and Difficulties When Applying IFRS in Vietnam: From Business Perspective

Bui

Le²,

Dao³

2020

IJFR

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While many countries around the world have adopted IFRS at different levels, Vietnam is in the process of IFRS adoption by 2022. The study was conducted through the survey of 119 directors and accountants to estimate the benefits and difficulties of applying IFRS in Vietnam. The forecast content include (i) Business benefits; (ii) Benefits for investors; (iii) Benefits to policy makers; (iv) Benefits for state management agencies; (v) Challenges of applying IFRS. By regression analysis, the forecast results showed that all factors have a significantly affect on the IFRS adoption in Vietnam and they explain 54.5% of the reasons for the application. The group of benefits has a positive impact on IFRS application in Vietnam, of which, the strongest impact is the business benefits, while the challenge factor has a negative impact on IFRS adoption in Viet Nam. This result suggests policy implications for the application of IFRS in Vietnam.

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Market reaction to banks’ interim press releases: an event study analysis

Lagasio

Brogi

2020

J Manag Gov

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Product market effects of IFRS adoption

Cited by 19 publications

References 71 publications

The evaluation of efficiency and value addition of IFRS endorsement towards earnings timeliness disclosure

The evaluation of efficiency and value addition of IFRS endorsement towards earnings timeliness disclosure

Estimation of Benefits and Difficulties When Applying IFRS in Vietnam: From Business Perspective

Market reaction to banks’ interim press releases: an event study analysis

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