Mandatory adoption of IFRS in Latin America: A boon or a bias

被引：11

作者：

Freitas de Moura, Andre Aroldo ^{[1
]}

Gupta, Jairaj ^{[2
]}

机构：

[1] FUCAPE Business Sch, Dept Accounting & Finance, BR-29075505 Vitoria, ES, Brazil

[2] Univ Birmingham, Dept Finance, Birmingham B15 2TY, W Midlands, England

来源：

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY | 2019年 / 60卷

关键词：

IFRS; Analysts' information environment; Forecast accuracy; Target price forecast dispersion; Investor protection mechanisms; INTERNATIONAL ACCOUNTING STANDARDS; FORECAST ACCURACY; INFORMATION; IMPACT;

D O I：

10.1016/j.intfin.2018.12.016

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Exploiting the unique feature that Latin American countries have not undergone a significant change to the enforcement of accounting standards and investor protection mechanisms, we investigate whether mandatory adoption of IFRS and firm-level reporting incentives improve analysts' information environment in Latin American countries (Argentina, Brazil, Chile, Mexico and Peru), and whether the precision of public, private and consensus information improve after IFRS adoption. Test results show that mandatory adoption of IFRS and firm-level reporting incentives improve analysts' information environment. Overall, we confirm the positive effects of IFRS adoption, because the precision of public and consensus information is enhanced. (C) 2019 Elsevier B.V. All rights reserved.

引用

页码：111 / 133

页数：23

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