Armstrong, Christopher; Barth, Mary E.; Jagolinzer, Alan D. - 2006
, IAS 39, Harmonization, Fair Value Accounting, Event Study
JEL Classification: M41, G15, G38
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standards. We develop predictions for the market reaction to each event based on the event’s
expected effect on the likelihood … of IFRS adoption in Europe. We test
our predictions using an event-study methodology to examine the three-day market …