Information Content of IFRS versus Domestic Accounting Standards: Evidence from Finland

Henry Jarva, Anna-Maija Lantto

Tutkimustuotos: LehtiartikkeliArticleScientificvertaisarvioitu

Abstrakti

This paper compares the information content of financial statements based on IFRS with those based on Finnish Accounting Standards (FAS) using a sample of mandatory IFRS adopters. Finland is particularly well suited for this comparison because it has a high-quality reporting environment, its domestic standards differ significantly from those of IFRS, and it allowed early adoption of IFRS. The results show that earnings under IFRS are no more timely in reflecting publicly available news than earnings under FAS. Furthermore, book values of assets and liabilities measured under IFRS are no more value relevant than they are under FAS. However, additional analyses reveal that IFRS earnings provide marginally greater information content than FAS earnings for predicting future cash flows. Several possible reasons for these results are discussed.
AlkuperäiskieliEnglanti
Sivut141-177
JulkaisuLiiketaloudellinen aikakauskirja
Vuosikerta2
TilaJulkaistu - 2012
OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

Sormenjälki

Sukella tutkimusaiheisiin 'Information Content of IFRS versus Domestic Accounting Standards: Evidence from Finland'. Ne muodostavat yhdessä ainutlaatuisen sormenjäljen.

Siteeraa tätä