Empirical Study on performance reporting and the convergence and/or adoption of international accounting standards

这项研究调查了《国际财务报告准则》趋同和/或采用的影响，特别是侧重于业绩报告。作为一个整体，我们考察了以下四个研究问题。首先，我考察了全面收益对盈利后公告漂移(PEAD)的有用性。其次，鉴于综合收益依赖于公允价值，我考察了公允价值会计是否放大了顺周期效应。第三，根据FASB/IASB的讨论文件和暴露草案以及以前的文献，讨论了业绩报告问题。最后，通过对韩国和日本上市公司的问卷调查，调查了企业对采用国际财务报告准则的看法。这些结果表明，采用国际财务报告准则并不总是给投资者和公司带来好处。

This study investigates the influence of IFRS convergence and/ or adoption, specifically, focusing on performance reporting. As a whole, the following four research questions are examined. First, I examine the usefulness of comprehensive income on post earnings announcement drift (PEAD). Second, in that comprehensive income depends on the fair value, I examines whether fair value accounting amplifies pro-cyclical effects. Third, the performance presentation issues are discussed based on discussion papers and exposure drafts by FASB/IASB and prior literature. Finally, firms’ views for the adoption of IFRS are investigated via a questionnaire survey of listed companies in South Korea and Japan. These results suggest that the adoption of IFRS does not always provide benefit for investors and firms.