2009
DOI: 10.2139/ssrn.1381242
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Mandatory IFRS Reporting and Stock Price Informativeness

Abstract: Mandatory IFRS Reporting and Stock Price InformativenessBeuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S. Publication date: 2010 Link to publication Citation for published version (APA):Beuselinck, C. A. C., Joos, P. P. M., Khurana, I. K., & van der Meulen, S. (2010). Mandatory IFRS Reporting and Stock Price Informativeness. (CentER Discussion Paper; Vol. 2010-82). Tilburg: Accounting. General rightsCopyright and moral rights for the publications made accessible in the public portal are retai… Show more

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Cited by 74 publications
(73 citation statements)
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“…According to prior research the difference-in-differences approach is applied when testing differences between two time periods, as well as, at the same time the differences between two subjects, i.e. in this research pre-IFRS period and post-IFRS period, and foreign issuers that adopt IFRS and otherwise (Beuselinck et al, 2010;Li, 2010;Sun et al, 2011;Kang et al, 2012). Since accruals quality is considered as an earnings attribute for earnings quality, it can be used to examine the change in earnings quality for foreign issuers after the change in accounting standards.…”
Section: Methodsmentioning
confidence: 99%
“…According to prior research the difference-in-differences approach is applied when testing differences between two time periods, as well as, at the same time the differences between two subjects, i.e. in this research pre-IFRS period and post-IFRS period, and foreign issuers that adopt IFRS and otherwise (Beuselinck et al, 2010;Li, 2010;Sun et al, 2011;Kang et al, 2012). Since accruals quality is considered as an earnings attribute for earnings quality, it can be used to examine the change in earnings quality for foreign issuers after the change in accounting standards.…”
Section: Methodsmentioning
confidence: 99%
“…Among other things, studies show positive abnormal stock returns during important events leading up to IFRS adoption (Armstrong et al, 2010); an increase in market liquidity and decrease in cost of capital (Daske et al, 2008(Daske et al, , 2013Li, 2010; 10! Florou and Kosi, 2013); more foreign investments in debt and equity instruments of firms domiciled in IFRS adopting countries (Beneish et al, 2010;DeFond et al, 2011;Brüggemann et al, 2012) together with a reduction in home bias among U.S. investors (Khurana and Michas, 2011;Shima and Gordon, 2011); higher information content of IFRS earnings ; an increase in stock price informativeness (Beuselinck et al, 2009); and improvements in financial analysts' information environment (Byard et al, 2011;Tan et al, 2011;Horton et al, 2013). 8 Based on these findings, one could conclude that mandatory IFRS adoption has improved the transparency and comparability of financial statements as well as reduced information asymmetries.…”
Section: Prior Evidence and Alternative Explanations For Capital-markmentioning
confidence: 99%
“…There are evidence that IFRS can reduce analysts' absolute forecast error (Ashbaugh & Pincus, 2001), have more persistent and more conditionally conservative earnings (Gassen et al, 2006), can cause an increase in market liquidity (Daske, Hail, Leuz, & Verdi, 2008), and a decrease in earnings management (Barth, Landsman, & Lang, 2008;Zéghal, Chtourou, & Sellami, 2011) and an increase in stock price informativeness (Beuselinck, Joos, Khurana, & Meulen, 2009). There are also evidences that IFRS can enhance conservatism.…”
Section: Conservatism and Ifrsmentioning
confidence: 99%