This study examines the value relevance of the voluntary embedded value (EV) disclosures by publicly listed British life insurers pre and post the mandatory adoption of International Financial Reporting Standards (IFRS) in 2005. It provides evidence for the first time that the voluntary European...

This paper examines the reliability and informativeness of accounting numbers after Internal Accounting Control System (IACS) Standards were enforced in Korea. We analyse whether the magnitude of Earnings Management (EM) and Earnings Response Coefficient (ERC) changed after enforcement. We focus...

We investigate the change in the value-relevance of earnings and book value information in the financial industry compared to other industries from 1970 to 2005. Prior literature provides mixed evidence as to whether value-relevance reduces over time. Our sample consists of 34,252 firm-year...