International Accounting Standards (IAS). Market observers, researchers, and regulators have argued that financial statements …

2005, we compare the value relevance of accounting information in 14 European countries in the year prior to and the year … of the mandatory adoption of the IFRS. We focus on three accounting information items for which measurements under IFRS … are likely to differ considerably from measurements under domestic accounting practices across the EU countries prior to …

By employing two alternative measures of fundamental value, we re-examine the value relevance of accounting information …). Overall, we do not find evidence that there is a loss over time in the value relevance of accounting information with respect …

A wave of accounting failures at the beginning of the century motivated the national stock exchanges to require firms … independence (outside directors) on the probability of an accounting misstatement. Existing empirical studies find a negative …

quality of accounting information (or “accounting quality”) is one such information imperfection that is associated with cross …-sectional variation in stock price delay. We define accounting quality as the precision with which financial reports convey information to … equity investors about the firm's expected cash flows. Poor accounting quality is likely associated with higher expected …

We test the hypotheses that (i) poor accounting quality is associated with delayed stock price adjustment to … information, and (ii) the accounting quality component of price delay predicts stock returns. We define accounting quality as the … results suggest poor accounting quality is associated with less timely price adjustment and higher future stock returns …

formulating their trading strategies without paying attention to the accounting procedures used to generate those numbers. This … paper shows analytically that under the conservative accounting, the reported accounting earnings numbers are value … volatility of the economic earnings of the asset. These results support the alternative accounting of mark to market …

analysis period. The result indicates low accounting credibility in Mongolia and those poor quality financial reports do not …