Abstract

http://ssrn.com/abstract=1650782
 
 

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Accounting Integration and Comparability: Evidence from Relative Performance Evaluation Around IFRS Adoption


Joanna Shuang Wu


University of Rochester - Simon School of Business

Ivy Zhang


University of Minnesota - Twin Cities

July 29, 2010

Simon School Working Paper No. FR 10-25

Abstract:     
We study a sample of Continental European firms for changes in the sensitivity of their CEO turnover to their foreign peers’ accounting performance around the mandatory adoption of International Financial Reporting Standards (IFRS). We find a post-adoption increase in the use of Relative Performance Evaluation (RPE) based on foreign peers’ accounting information, consistent with greater financial reporting comparability associated with mandatory IFRS adoption. These findings cannot be explained by changes in foreign ownership or changes in foreign operations around mandatory IFRS adoption. Furthermore, we find stronger results for firms in more competitive industries and when peers are from highly correlated economies, consistent with the economic theory of RPE.

Number of Pages in PDF File: 47

JEL Classification: M41, M44, M47

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Date posted: July 30, 2010  

Suggested Citation

Wu, Joanna Shuang and Zhang, Ivy, Accounting Integration and Comparability: Evidence from Relative Performance Evaluation Around IFRS Adoption (July 29, 2010). Simon School Working Paper No. FR 10-25. Available at SSRN: http://ssrn.com/abstract=1650782 or http://dx.doi.org/10.2139/ssrn.1650782

Contact Information

Joanna Shuang Wu (Contact Author)
University of Rochester - Simon School of Business ( email )
Carol Simon Hall 3-160D
Rochester, NY 14627
United States
585-275-5468 (Phone)
585-442-6323 (Fax)
Ivy Zhang
University of Minnesota - Twin Cities ( email )
19th Avenue South
Minneapolis, MN 55455
United States
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