The incremental information content of non-US GAAP earnings disclosures: Evidence from UK firms

A review and analysis of international accounting research in JIAAT: 2002–2010

“…The results showed that although there was weak evidence of a decline in earnings value for the average firm, the value relevance of earnings and book value increased more over time for firms that capitalized intangibles than for firms that did not capitalize intangibles. Olibe (2006) studied the response of U.S. investors to non-U.S. GAAP earnings that were disclosed only or initially in the U.K. He used price and trading volume to assess the usefulness of the preliminary earnings announcements.…”