International Financial Reporting Standards and Earnings Quality: The Myth of Voluntary vs. Mandatory Adoption
International Financial Reporting Standards and Earnings Quality: The Myth of Voluntary vs. Mandatory Adoption
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国际财务报告准则和盈利质量：自愿采用与强制采用的神话
DOI：
10.2139/ssrn.1413145
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发表时间：
2009
期刊：
影响因子：
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通讯作者：
A. Achleitner
中科院分区：
文献类型：
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作者：
Nina Günther;Bernhard Gegenfurtner;C. Kaserer;A. Achleitner
我们重新审视的证据是否激励或国际财务报告准则驱动盈余质量的变化，分析了德国公司在1998年至2008年期间的大样本。与以前的研究一致，我们发现，自愿和强制采用者在基本企业特征方面存在明显差异，并且规模、杠杆、年龄、银行所有权和所有权集中度影响了自愿采用IFRS的决定。然而，无论自愿采用《国际财务报告准则》的决定如何，我们发现，两组采用者在《国际财务报告准则》下的有条件保守性都有所增加，而证据并不表明《国际财务报告准则》下的价值相关性有所增加。采用后阶段的盈余管理结果喜忧参半。虽然自愿采用者的收入平滑减少，但强制采用者则没有，但强制采用者的可支配应计利润只减少，而自愿采用者没有。然而，进一步的分析表明，与自愿或强制采用《国际财务报告准则》相比，采用期间的资本市场环境和经济周期似乎是对这一证据更有力的解释。因此，我们的结论是，自愿采用《国际财务报告准则》的激励措施在确定德国公司的收益质量方面并没有明确地主导会计准则。
We revisit evidence whether incentives or IFRS drive earnings quality changes, analyzing a large sample of German firms in the period from 1998 to 2008. Consistent with previous studies we find that voluntary and mandatory adopters differ distinctively in terms of essential firm characteristics and that size, leverage, age, bank ownership and ownership concentration influenced the decision to voluntarily adopt IFRS. However, regardless of the decision to voluntarily adopt IFRS, we find that conditional conservatism increased under IFRS for both groups of adopters, while evidence does not suggest an increase in value relevance under IFRS. Results on earnings management in the post-adoption period are mixed. While income smoothing decreases for voluntary but not for mandatory adopters, discretionary accruals only decrease for mandatory but not for voluntary adopters. However, further analyses suggest that the capital market environment and the economic cycle during the adoption period seem to be a more powerful explanation for this evidence than voluntary or mandatory IFRS adoption. Therefore, we conclude that incentives to voluntarily adopt IFRS did not unambiguously dominate accounting standards in determining earnings quality in the case of German firms.
(2008) 蚂蚁植物-蚁介虫共生系统的协同多样性
DOI：
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发表时间：
2008
期刊：
影响因子：
--
作者：
上田昇平・Quek;S.-P.・市岡孝朗・村瀬香・Kondo;T・Gullan;P.J・市野隆雄
通讯作者：
P.J・市野隆雄