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An Experiment in the Economic Consequences of Additional Disclosure: The Case of the Fair Value of Unlisted Equity Investments
Ding, Yuan; Jeanjean, Thomas; Lesage, Cédric; Stolowy, … - HAL - 2009
liquidity, perception of information reliability and relevance. We use an experimental design: 181 MBA students are asked to … perception of expected profit (Gain versus Loss) and the firm's business risk (Low versus High). In the case of Limited (resp … case. These consequences vary with the environment (expected profit and risk). …
Persistent link: https://www.econbiz.de/10008791819
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Fair value accounting: virtues and vices
Singh, J.P.; Uzma, Shigufta Hena - In: International Journal of Managerial and Financial Accounting 3 (2011) 2, pp. 113-126
The radical changes in 'business processes' as well as 'corporate strategies' have mandated the acknowledgement of the immense role of intangibles to corporate bottom lines. Besides, there has been an exponential growth in the spectrum of tradeable financial products. As a consequence, the need...
Persistent link: https://www.econbiz.de/10009352413
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Relevance, reliability and restricted security fair values: a look at investment trusts
Bricker, Robert; Chandar, Nandini - In: Managerial Finance 38 (2012), pp. 1203-1225
terms of its constituent elements of relevance and reliability. Although it has long been intuitively appealing to believe … securities. Findings – The results are consistent with the principal hypotheses – both relevance and reliability are valued by … and reliability. Cost (less relevant) and fair-value (more relevant) disclosures are gathered for both restricted (less …
Persistent link: https://www.econbiz.de/10010814849
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Fair value accounting's role in the recent financial crisis
LaCalamito, Thomas - In: International Journal of Economics and Accounting 4 (2013) 3, pp. 271-281
sparked a major debate about the reliability and transparency of fair value accounting in times of market turmoil. This paper …
Persistent link: https://www.econbiz.de/10010686185
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The supplemental role of operating cash flows in explaining share returns: Effect of various measures of earnings quality
Cheng, C.S. Agnes; Johnston, Joseph; Liu, Cathy Zishang - In: International Journal of Accounting and Information … 21 (2013) January, pp. 53-71
Purpose – In response to recent concerns on earnings quality and a firm's fundamental performance, the purpose of this paper is to re-examine salient questions under accrual accounting: how earnings quality affects the role of earnings and operating cash flows in a firm's valuation....
Persistent link: https://www.econbiz.de/10010610613
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International financial reporting standards and earnings Quality: the myth of voluntary vs. mandatory adoption
Günther, Nina; Gegenfurtner, Bernhard; Kaserer, Christoph - Fakultät für Wirtschaftswissenschaften, Technische … - 2009
We revisit evidence whether incentives or IFRS drive earnings quality changes, analyzing a large sample of German firms … influenced the decision to voluntarily adopt IFRS. However, regardless of the decision to voluntarily adopt IFRS, we find that … conditional conservatism increased under IFRS for both groups of adopters, while evidence does not suggest an increase in value …
Persistent link: https://www.econbiz.de/10009219911
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Value Relevance Change Under International Accounting Standards: An Empirical Study of Peru
Liu, Chunhui; Yao, Lee J.; Yao, Michelle Y. M. - In: Review of Pacific Basin Financial Markets and Policies … 15 (2012) 02, pp. 1150008-1
In face of broad adoption of International Financial Reporting Standards (IFRS), the Securities and Exchange Commission … study is broken into a period of International Accounting Standards (IAS) between 1999 and 2001, a period of early IFRS … between 2002 and 2004, and a more recent period of IFRS between 2005 and 2007 by major changes to accounting standards. The …
Persistent link: https://www.econbiz.de/10010554836
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Earnings quality and the adoption of IFRS-based accounting standards: Evidence from an emerging market
Ismail, Wan Adibah Wan; Kamarudin, Khairul Anuar; Zijl, … - In: Asian Review of Accounting 21 (2013) April, pp. 53-73
of IFRS-based accounting standards named FRS. Design/methodology/approach – It is hypothesize that under the new set of … whether the level of earnings management is significantly lower after the adoption of IFRS, and reported earnings is more … value relevant during the IFRS period. This study uses a large sample of 4,010 observations over a three-year period before …
Persistent link: https://www.econbiz.de/10010814485
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The effects of the European debt crisis on earnings quality
Kousenidis, Dimitrios V.; Ladas, Anestis C.; Negakis, … - In: International Review of Financial Analysis 30 (2013) C, pp. 351-362
The present study examines whether and to what extent the recent crisis in the European Union (EU) had an impact on the quality of the reported earnings of listed firms in countries with weak fiscal sustainability (Spain, Greece, Ireland, Italy, and Portugal)—countries that have been forced to...
Persistent link: https://www.econbiz.de/10011056749
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Should Financial Statements Represent Fairly or be Relevant?
Burlaud, Alain - HAL - 2013
-off between reliability and relevance, two characteristics of financial reporting that the IASC/IASB Conceptual Framework does not … of IFRS's Conceptual Framework and to have a more critical perspective. The answer to the question of the choice between …
Persistent link: https://www.econbiz.de/10010899749