The Impact of IFRS Adoption During the 2008 Financial Crisis on the Relationship between Yield and Accounting Variables
Accounting & Taxation, v. 6 (1) p. 51-67
18 Pages Posted: 12 Dec 2014
Date Written: 2014
Abstract
This research tests the impact of the financial crisis on the informational content of accounting numbers. The study is based on IAS-IFRS in the French context. The period chosen in this study is 2006 to 2011, divided into two periods: Pre-crisis 2006-2007 and post-crisis 2009-2010-2011. The results show the 2008 financial crisis contributed to reducing the information content of accounting numbers due to lack of confidence created by investors towards the information published on the basis of international standards.
Keywords: IAS-IFRS, Crisis, Accounting Information and Performance
JEL Classification: C12, M41
Suggested Citation: Suggested Citation