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The Impact of the Greek Sovereign Debt Crisis on European Banks’ Disclosure and its Economic Consequences
Fiechter, Peter - 2016
Using a sample of European banks, this paper examines the link between disclosure and its economic consequences. We exploit an exogenous cost of capital shock created by the Greek Sovereign Debt Crisis and analyze banks' disclosure responses to this shock. First, we find that European banks...
Persistent link: https://www.econbiz.de/10013007758
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How do investors value the publication of tax information? : evidence from the European public country-by-country reporting
Müller, Raphael; Spengel, Christoph; Weck, Stefan - 2021 - This version: October 2021
We examine the capital market reaction to the announcement of the European Union (EU) to introduce a public tax country-by-country reporting (CbCR) regime. By employing an event study methodology, we find a significant cumulative average abnormal return (CAAR) of -0.699%, which translates into a...
Persistent link: https://www.econbiz.de/10012648417
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Financial Analyst Confirmation of Management Forecast Credibility During a Global Crisis : Evidence from Europe
Hursti, Kristian - 2021
This paper examines whether textual management forecast commonalities that arise in a global crisis setting relate to … ex post forecast accuracy, and whether subsequent analyst revisions confirm the credibility relevance of these … those periods serve as catalysts for creating measures to assess management forecast credibility. After arguing that sales …
Persistent link: https://www.econbiz.de/10013230102
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An investigation of the impact of degree of IFRS implementation on the comparative accuracy and bias of equity securities analysts East and West European firms earnings forecasts
Djatej, Arsen; Gao, Grace; Sarikas, Robert H. S.; … - In: The journal of applied business research 24 (2008) 4, pp. 65-81
Persistent link: https://www.econbiz.de/10003774852
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Archival data of financial analysts' earnings forecasts in the euro zone : problems with euro conversions
Galanti, Sébastien - In: Research in international business and finance 38 (2016), pp. 466-473
Persistent link: https://www.econbiz.de/10011640710
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Earnings quality and analysts' information environment : evidence from the EU market
Eliwa, Yasser; Haslam, Jim; Abraham, Santhosh - In: Journal of international accounting auditing & taxation 42 (2021), pp. 1-26
Persistent link: https://www.econbiz.de/10012506845
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Intended and unintended consequences of mandatory IFRS adoption : a review of extant evidence and suggestions for future research
Brüggemann, Ulf; Hitz, Jörg-Markus; Sellhorn, Thorsten - 2012
This paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly...
Persistent link: https://www.econbiz.de/10009487334
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The Evolution of Non-Financial Disclosure in a European Perspective
Manes Rossi, Francesca - 2011
The propensity to disclose information about corporate non-financial performance has grown across Europe as a result both of Regulation no. 1606/2002 and higher market sensitivity to enterprises adopting socially responsible policies. This study starts with a through examination of the...
Persistent link: https://www.econbiz.de/10013125718
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Real Effects in Anticipation of Mandatory Disclosures : Evidence from the European Union’s CSR Directive
Fiechter, Peter - 2019
In 2014, the European Union (EU) passed a corporate social responsibility (CSR) directive that mandates large listed firms to prepare non-financial reports beginning from fiscal year 2017 onward. We examine whether firms within the scope of the directive (hereafter, “treated firms”)...
Persistent link: https://www.econbiz.de/10012901107