Previous studies have documented the mixed relation between proprietary costs of financial reporting and earnings quality within a single country. Using four country-level latent factors devised by Isidro et al. (2020), this study investigates the impact of the financial reporting environments...

Our research aims to investigate the theoretical and empirical links between corporate governance mechanisms, accounting conservatism, and stock price crash risk under IFRS adoption in Pakistan through separate and combined analyses. For this research, 155 nonfinancial firms listed in PSX during...

This paper analyzes the information quality of the current fair value standard in US-GAAP and IFRS in terms of value relevance and faithful representation. The current standard favors reliable market-based inputs over sometimes more relevant entity-specific inputs as it requires preparers to use...

Fair value is a term often used in the world of finance, accounting, and asset valuation, reflecting a rational and fair price that is acceptable between transacting parties in a free and competitive market. It is important to recognize that fair value determination is essential in many aspects...

A growing literature has examined the benefits and costs of implementing new disclosure regulations. However, little is known about the consequences when regulators fail to take action. Using IFRS adoption in 2005 as the setting, we examine the costs of regulatory inactions among non-adopting...

We examine the impact of IFRS reporting flexibility on the presentation of income statements after the adoption of IFRS and whether this affects analysts' forecasts. We find that 44.7 percent (42.02 percent) of first-time IFRS adopters exhibit an average marginal increase (decrease) of 2,584...