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Signalling under Uncertainty : The Case of IFRS Adoption
Ghani, Osman - 2019
This paper examines the liquidity, Tobin's Q, and cost of equity effects from voluntary and mandatory IFRS adoption. In … avoidance in the host country. We find that prior to the mandatory adoption of IFRS by the EU member states, voluntary adopters … across countries that have adopted IFRS …
Persistent link: https://www.econbiz.de/10012905363
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Commonality of Accounting Standards and Investment Beauty Contests
Jiang, Xu; Tang, Chao; Zhang, Gaoqing - 2021
We study the optimal level of commonality of accounting standards when firms' investments exhibit beauty-contest features as in, e.g., Arya and Mittendorf (2016). We model more commonality of accounting standards as more correlated noises in firms' reports, consistent with the "more harmonized"...
Persistent link: https://www.econbiz.de/10013242677
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Kapitalkosten vor Steuern - Das CAPM des IAS 36 (Pre-Tax Discount Rates - The CAPM Implied by IAS 36)
Salewski, Marcus - 2013
Für die Zwecke der Nutzungswertbestimmung nach IAS 36 Impairment of Assets sind die Cashfl ows, die aus der künftigen Nutzung des betrachteten Vermögenswerts und dessen Abgang erwartet werden, mit einem Vorsteuer-Diskontsatz abzuzinsen, der unabhängig von der Kapitalstruktur des...
Persistent link: https://www.econbiz.de/10013089337
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Saying No in Standard Setting : An Examination of FASB Board Members’ Voting Decisions
Jiang, John (Xuefeng) - 2014
More than half of the 163 Statements of Financial Accounting Standards issued by the Financial Accounting Standard Board (FASB) between 1973 and 2007 were passed with dissenting votes. In this study, we investigate the factors associated with FASB board members' decision to dissent. We find that...
Persistent link: https://www.econbiz.de/10013061140
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Optimal vs satisfactory transparency : the impact of global macroeconomic fluctuations on corporate competitiveness
Oxelheim, Lars - 2018
firm does not equal satisfactory transparency for the outside shareholder.However, the implementation of IFRS/IAS 1 in the …
Persistent link: https://www.econbiz.de/10011952135
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Political Systems, Lobbying, and the Adoption of International Financial Reporting Standards
Johnson, Derek C. - 2011
Reporting Standards (IFRS). To the extent that accounting standards influence economic behavior, a sweeping change in accounting … influence the political system, then, is predicted to explain how quickly a country adopts IFRS; specifically, countries with … activity – as measured by the relation between legal political contributions and policy decisions – are expected to adopt IFRS …
Persistent link: https://www.econbiz.de/10013130665
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Expertise-Based Lobbying and Accounting Regulation
Königsgruber, Roland - 2014
It has long been recognised that accounting regulation is not a mere technical exercise but one that takes place in a political context and lobbying has been examined in numerous empirical studies. Most of these studies address lobbying of the accounting standard setter. However, standard...
Persistent link: https://www.econbiz.de/10013060381
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The Relevance of the Fair Value Measurement Hierarchy : A Holistic Perspective
Filip, Andrei - 2020
This paper provides a non-traditional review of recent research on the fair value (FV) measurement hierarchy. We begin with a meta-analysis that synthesizes the studies on the value relevance of the FV hierarchy. Overall, we find that the value relevance is lower for level 3 than for levels 1...
Persistent link: https://www.econbiz.de/10012845927
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A Rationale for Imperfect Reporting Standards
Friedman, Henry L. - 2020
The aim of general purpose financial reporting is to provide information that is useful to investors, lenders, and other creditors. With this goal, regulators have tended to mandate increased disclosure. We show that increased mandatory disclosure can weaken a firm's incentive to acquire and...
Persistent link: https://www.econbiz.de/10012852249
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A Rationale for Imperfect Reporting Standards
Friedman, Henry L. - 2020
The aim of general purpose financial reporting is to provide information that is useful to investors, lenders, and other creditors. With this goal, regulators have tended to mandate increased disclosure. We show that increased mandatory disclosure can weaken a firm's incentive to acquire and...
Persistent link: https://www.econbiz.de/10012829877