Evidence on the Cross Country Variations in the Mispricing of Accruals Surrounding the Introduction of IFRS in Europe

47 Pages Posted: 29 Aug 2011 Last revised: 11 Jun 2013

See all articles by Elisabetta Basilico

Elisabetta Basilico

International Center of Corporate Governance

Tommi Johnsen

University of Denver - Daniels College of Business

Date Written: August 29, 2011

Abstract

This paper examines the effects of the mandatory introduction of International Financial Reporting Standards (IFRS) in 2005 on the presence and magnitude of the accruals mispricing in seventeen European countries, which are characterized by different institutional, accounting and governance systems. Even if the aim of IFRS was and still is international harmonization and comparability, we find cross country variations.

Keywords: accruals mispricing, future stock returns, IFRS, Europe

JEL Classification: G14

Suggested Citation

Basilico, Elisabetta and Johnsen, Thomajean, Evidence on the Cross Country Variations in the Mispricing of Accruals Surrounding the Introduction of IFRS in Europe (August 29, 2011). Available at SSRN: https://ssrn.com/abstract=1918586 or http://dx.doi.org/10.2139/ssrn.1918586

Elisabetta Basilico (Contact Author)

International Center of Corporate Governance ( email )

Pestalozzistrasse 2
P.O. Box 634
St. Gallen, 9001
Switzerland

Thomajean Johnsen

University of Denver - Daniels College of Business ( email )

2101 S. University Blvd.
Denver, CO 80208
United States

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