Effects on Comparability and Capital Market Benefits of Voluntary IFRS Adoption

被引：22

作者：

Barth, Mary E. ^{[1
]}

Landsman, Wayne R. ^{[2
]}

Lang, Mark H. ^{[2
]}

Williams, Christopher D. ^{[3
]}

机构：

[1] Stanford Univ, Stanford, CA 94305 USA

[2] Univ North Carolina Chapel Hill, Chapel Hill, NC USA

[3] Univ Michigan, Ann Arbor, MI 48109 USA

来源：

JOURNAL OF FINANCIAL REPORTING | 2018年 / 3卷 / 01期

关键词：

D O I：

10.2308/jfir-52279

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study addresses whether voluntary IFRS adoption is associated with increased comparability of accounting amounts and capital market benefits. We find that after firms voluntarily adopt IFRS ("adopting'' firms), their accounting amounts are more comparable to those of firms that previously adopted IFRS ("adopted'' firms) and less comparable to those of firms that apply domestic standards ("non-adopting'' firms). Adopting firms exhibit increased liquidity, share turnover, and firm-specific information relative to adopted and non-adopting firms. Neither adopted nor non-adopting firms suffer capital market consequences. Adopting firms with higher comparability with adopted firms have greater capital market benefits after adopting IFRS than adopting firms with lower comparability, and capital market benefits for adopting firms in countries with a relatively high percentage of firms that apply IFRS enjoy greater capital market benefits.

引用

页码：1 / 22

页数：22

共 34 条

[21] Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part II): Political Factors and Future Scenarios for U.S. Accounting Standards [J].