Financial statement effects of adopting international accounting standards: the case of Germany
Financial statement effects of adopting international accounting standards: the case of Germany
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DOI：
10.1007/s11142-007-9049-9
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发表时间：
2007-12-01
影响因子：
4.2
通讯作者：
Subramanyam, K. R.
中科院分区：
文献类型：
--
作者：
Hung, Mingyi;Subramanyam, K. R.
使用德国公司的样本，我们调查的财务报表的影响，采用国际会计准则（IAS）在1998年至2002年。我们发现，总资产和账面价值的权益，以及账面价值和收入的可变性，是显着高于根据国际会计准则比德国公认会计原则（HGB）。此外，账面价值和收入在《国际会计准则》下与价值的相关性并不比在《商法典》下更大，而且《商法典》（《国际会计准则》）的收入具有高度的持久性（暂时性）。最后，我们发现弱证据表明，国际会计准则的收入表现出更大的条件保守性比HGB收入。我们的研究结果与国际会计准则（HGB）的公允价值（收入平滑）取向一致。
Using a sample of German firms, we investigate the financial statement effects of adopting International Accounting Standards (IAS) during 1998 through 2002. We find that total assets and book value of equity, as well as variability of book value and income, are significantly higher under IAS than under German GAAP (HGB). In addition, book value and income are no more value relevant under IAS than under HGB, and HGB (IAS) income is highly persistent (transitory). Finally, we find weak evidence that IAS income exhibits greater conditional conservatism than HGB income. Our results are consistent with the fair-value (income smoothing) orientation of IAS (HGB).