Do accounting standards matter? An exploratory analysis of earnings management before and after IFRS adoption
Do accounting standards matter? An exploratory analysis of earnings management before and after IFRS adoption
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DOI：
10.1016/j.jaccpubpol.2008.09.008
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发表时间：
2008-11-01
影响因子：
3.6
通讯作者：
Stolowy, Herve
中科院分区：
文献类型：
--
作者：
Jeanjean, Thomas;Stolowy, Herve
本文分析了强制引入国际财务报告准则对盈余质量的影响，更准确地说是对盈余管理的影响。我们主要关注三个首次采用IFRS的国家，即澳大利亚、法国和英国。我们发现，在引入国际财务报告准则后，盈余管理的普遍性并没有下降，反而在法国有所增加。我们的研究结果证实，分享规则不是创造共同商业语言的充分条件，管理激励和国家制度因素在构建财务报告特征方面发挥着重要作用。我们建议IASB、SEC和欧盟委员会现在应该致力于协调激励和制度因素，而不是协调会计准则。(C)2008 Elsevier Inc.保留所有权利。
In this paper, we analyze the effect of the mandatory introduction of IFRS standards on earnings quality, and more precisely on earnings management. We concentrate on three IFRS first-time adopter countries, namely Australia, France, and the UK. We find that the pervasiveness of earnings management did not decline after the introduction of IFRS, and in fact increased in France. Our findings confirm that sharing rules is not a sufficient condition to create a common business language, and that management incentives and national institutional factors play an important role in framing financial reporting characteristics. We suggest that the IASB, the SEC and the European Commission should now devote their efforts to harmonizing incentives and institutional factors rather than harmonizing accounting standards. (C) 2008 Elsevier Inc. All rights reserved.