Changes in value relevance of accounting information upon IFRS adoption: Evidence from Australia

被引：75

作者：

Chalmers, Keryn ^{[1
]}

Clinch, Greg ^{[2
]}

Godfrey, Jayne M. ^{[3
]}

机构：

[1] Monash Univ, Dept Accounting & Finance, Clayton, Vic 3800, Australia

[2] Univ Melbourne, Dept Accounting & Business Informat Syst, Melbourne, Vic 3010, Australia

[3] Australian Natl Univ, Coll Business & Econ, Canberra, ACT 0200, Australia

来源：

AUSTRALIAN JOURNAL OF MANAGEMENT | 2011年 / 36卷 / 02期

基金：

澳大利亚研究理事会;

关键词：

Accounting information; IFRS; value relevance; FINANCIAL-REPORTING STANDARDS; IMPACT; STATEMENTS; QUALITY;

D O I：

10.1177/0312896211404571

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate whether the adoption of IFRS increases the value relevance of accounting information for firms listed on the Australian Securities Exchange. Using a longitudinal study that covers pre-IFRS and post-IFRS periods during 1990-2008, we find that earnings become more value-relevant whereas the book value of equity does not. This impact is concentrated in the subsamples of industrial firms, both large and small, and firms reporting an AGAAP-IFRS accounting reconciliation upon IFRS adoption. Consistent with an increase in the value relevance of earnings, earnings also become more persistent around IFRS adoption. Our study suggests that even for a country categorized by strong investor protection and high-quality financial reporting and enforcement, IFRS adoption affects the associations between accounting information and market value.

引用

页码：151 / 173

页数：23

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