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Why More Forward-Looking Accounting Standards Can Reduce Financial Reporting Quality
Ewert, Ralf - 2015
A premise of standard setters and of much empirical research is that improving the quality of accounting standards and their implementation increases information in capital markets. This paper challenges this premise and shows that there are situations in which “better”, i.e., more...
Persistent link: https://www.econbiz.de/10013024185
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Do IFRS Based Earnings Announcements Have More Information Content than Canadian GAAP Based Earnings Announcements?
Khan, Shahid; Anderson, Mark C.; Warsame, Hussein A. - 2014
mandatory adoption of international financial reporting standards (IFRS) in Canada. Comparing the two exchanges is interesting … priori, it may be argued that there would be higher information content in the IFRS based earnings announcements for both … TSXV and TSX exchange firms in Canada as compared to the Canadian GAAP based earnings announcements because IFRS allows …
Persistent link: https://www.econbiz.de/10014149833
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International determinants of comprehensive income reporting by groups : an analytical and comparative study of Poland and Germany
Kwaśny, Jakub; Sajnóg, Artur - In: Comparative economic research : Central and Eastern Europe 25 (2022) 2, pp. 163-185
The mainstream theoretical and empirical research presented in the study is a comparative analysis of comprehensive income reporting by groups listed in the Polish and German capital markets. The theoretical part of the article is dedicated to a scientific discussion on the determinants of the...
Persistent link: https://www.econbiz.de/10013334995
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The Relative Informativeness of GAAP and Pro Forma Earnings Announcements in France
Aubert, François - 2009
This study examines the main problem raised by pro forma earnings (or “street” earnings) because investors may have trouble focusing their attention when they are relying on this information to make decisions about investing in French publicly traded securities.This article, based on 116 pro...
Persistent link: https://www.econbiz.de/10013159216
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The Valuation Impact of Reconciling Pro Forma Earnings to GAAP Earnings
Zhang, Huai - 2013
Regulation G requires all companies to quantitatively reconcile pro forma earnings with GAAP earnings. This paper provides three findings related to the impact of reconciliations on mispricing of pro forma earnings. First, prior to Reg G, we find that mis-pricing of pro forma earnings is limited...
Persistent link: https://www.econbiz.de/10013094554
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Redaction as a Response to SFAS No. 131’s Mandatory Disclosure of Segment Information
Floros, Ioannis V.; Johnson, Shane A.; Zhao, Wanjia - 2022
We hypothesize that firms required by SFAS No. 131 to begin disclosing segment information attempt to counteract potential competitive harm by increasing information redaction. Using a difference-in-difference setting, we find that firms increasing the number of reported segments after the rule...
Persistent link: https://www.econbiz.de/10013305553
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Accounting for stock-based compensation : an extended clean surplus relation
Hess, Dieter - 2001
Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income valuation models rest on the implicit assumption that future...
Persistent link: https://www.econbiz.de/10013428422
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Accounting for stock-based compensation : an extended clean surplus relation
Hess, Dieter; Lüders, Erik - 2001
Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson (2000), among others, the standard clean surplus relation is frequently violated. Moreover, standard residual income valuation models rest on the implicit assumption that future...
Persistent link: https://www.econbiz.de/10011446678
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Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part II) : Political Factors and Future Scenarios for U.S. Accounting Standards
Hail, Luzi - 2011
adoption of IFRS by the United States. In Part I (see Hail et al. 2010), we develop the conceptual framework for our analysis … and discuss economic factors driving the costs and benefits associated with IFRS adoption. In this part, we provide an … analysis of the political factors related to the possible U.S. adoption of IFRS, present several scenarios for the evolution of …
Persistent link: https://www.econbiz.de/10013132218
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Did Eliminating the 20-F Reconciliation Between IFRS and US GAAP Matter?
Jiang, John (Xuefeng) - 2010
The SEC decided in 2007 to allow foreign private issuers who use IFRS as promulgated by the IASB (pure IFRS filers … convergence efforts of the IASB and FASB and did not focus on pure IFRS filers. We examine the information content of the … reconciliations for a sample of 88 pure IFRS filers during 2006 and 2007. Consistent with the reconciliation lacking usefulness for …
Persistent link: https://www.econbiz.de/10013136862