(i.e., attention from bank regulators, factors that impair the usefulness of GAAP ROE) rather than opportunism. However …

income to other comprehensive income (OCI), as part of replacing IAS 39 by IFRS 9. Using event study methodology, I find that …

under UK GAAP. By contrast, we find no such evidence under IFRS. Thus, the amount of information conveyed about future … capitalisers, is diminished by the transition from UK GAAP to IFRS. We argue that this is because investors experience greater … ambiguity in the post-IFRS period. Consistent with this, we further find an association between capitalised R&D and future …

Reporting Standards (IFRS) adoption on the information content of earnings announcements in Italy. To identify the effect of … this regulation, we use a treatment (i.e., Italy) and a benchmark sample of IFRS countries that vary in the adoption of the … releases. Our findings suggest that the inclusion of detailed IFRS financial statements in earnings announcements increased …

voluntary adoption of International Financial Reporting Standards (IFRS), and (2) market reactions to announcements of such an … adoption of IFRS. Prior studies suggest that the economic benefits of IFRS adoption are limited to countries with strong … enforcement of laws and regulations, generating concerns as to whether IFRS adoption would bring the intended benefits in Japan …

on the equity market valuation of participating bank holding companies (CPP banks). We document substantial negative … valuation relative to bank holding companies not participating in the program. We show that our findings cannot be explained by …