This study aims to analyze the effect on accounting conservatism of IFRS adoption in Spain. Following evidence found in previous studies we expect a decline in balance-sheet accounting conservatism due to this change towards a more Anglo-Saxon accounting system. Using a sample of Spanish and UK...

This study investigates the market valuation of income smoothing via a long run analysis of the relationship between income smoothing and return and risk in the Spanish stock market. The results suggest that firms that smooth income appear to yield higher stock returns than firms that do not;...

Spanish Abstract: La sustitución de la NIC 31 por la NIIF 11, que ha entrado en vigor el 1 de enero de 2013,implica un cambio sustancial en cuanto al método permitido para consolidar las empresas multigrupo. Desaparece la posibilidad de optar por el método de integración proporcional o...