IFRS and U.S. GAAP: Assessing the impact of reporting incentives on firm restatements in foreign and U.S. markets

IFRS adoption and company conservatism in Colombia and Brazil

“…Some studies indicate a reduction in the manipulation of results after IFRS adoption (e.g., Aubert & Grudnitski, 2012;Barth et al, 2012;Leventis et al, 2011;Pelucio-Grecco et al, 2014, Zéghal et al, 2011 and other do not find evidence that IFRS adoption deters earnings management (e.g., Fernandes, 2011;Wang & Campbell, 2012;Jeanjean & Stolowy, 2008). Some studies suggest that firms located in common law countries tend to have less manipulation of results than those in code law countries, even after IFRSs adoption (e.g., Jeanjean & Stolowy, 2008;Shelton et al, 2011). Revista BASEv.16, n.3, julho/setembro 2019 In contrast, Ozu, Shiosaki, Shin, and Gray (2010) showed that Japanese executives believe that the costs of IFRS adoption exceed the benefits of its implementation.…”

“…By 2016, the approximately 140 jurisdictions around the world that required or permitted the use of International Financial Reporting Standards (IFRS) accounted for 60% of the world's gross domestic product (Pacter, 2016). Several studies have analysed this process of converting to IFRS, including the effects of adoption (e.g., Aubert & Grudnitski, 2011;Barbosa Neto, Dias, & Pinheiro, 2009;Bissessur & Hodgson, 2012;Cotter & Wee, 2012;De Souza, Borba, & Zandonai, 2011;Durukan, Ozkan, & Dalkilic, 2012; Guimarães dos Santos, Lima, Freitas, & Lima, 2011;Iatridis, 2012a;Lima, 2011;Martins & Brasil, 2008;Martins & Paulo, 2010;Muller, Oliveira & Lemes, 2011;Riedl, & Sellhorn, 2012;Pelucio-Grecco, Geron, & Formigoni, 2010;Pires & Decourt, 2015;Santos & Calixto, 2010); its relation to earnings management (e.g., Aubert & Grudnitski, 2012;Barth, Landsman, Lang, & Williams, 2012;Fernandes, 2011;Iatridis, 2012b;Jeanjean & Stolowy, 2008;Leventis, Dimitropoulos, & Anandarajan, 2011;Pelucio-Grecco, Geron, Grecco, & Lima, 2014;Shelton, Owens-Jackson, & Robinson, 2011;Tsipouridou & Spathis, 2012;Wang & Campbell, 2012;Zéghal, Chtourou, & Sellami, 2011); and the effects of substituting US Generally Accepted Accounting Principles (GAAP) to prepare financial reports for the US capital market by companies not located in the United States (e.g., Mcenroe & Sullivan, 2011a, 2011bDuh, Hsu, & Alves, 2012;Kim, Li, & Li, 2012). Academics,...…”

Atributos da Qualidade da Informação Contábil em Empresas Participantes do Mercado Acionário Brasileiro

“…O resultado do estudo também contraria evidências empíricas anteriores de que empresas auditadas por grandes firmas de auditoria apresentam informação contábil de maior qualidade (Dechow et al, 2010) e menores níveis de republicações de lucros (Shelton, Owens-Jackson, & Robinson, 2011).…”

Does the Form 20‐F reconciliation help ensure the financial reporting quality of cross‐listed IFRS firms? A comparison with cross‐listed non‐IFRS firms

“…Accordingly, we have no directional predictions for the coefficient signs on SIZE and COAGE . Finally, we control for a country's investors protection ( INVPRO ), rule of law ( ROL ), regulatory quality ( REG ), governance quality ( GOV ) and GDP per capita ( GDP ) to reduce the potential impact of macro‐economic factors on financial reporting quality (Choi & Wong, 2007; Francis et al, 2003; Francis & Wang, 2008; Houqe et al, 2012; Kamarudin et al, 2020; Shelton et al, 2011; Srinivasan et al, 2015). Equation () also controls for the stock exchange, year, industry and country‐fixed effects.…”