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
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: Suggested Citation
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