We examine the characteristics of accounting numbers using a sample of German companies reporting under IAS (2000-2002), and IFRS (2003-2004) and (2005-2006). We investigate the change in accounting quality during these time periods as IASB revises and issues new standards. Contrary to...

type="main" <p>We study the market reaction to the mandatory adoption of International Financial Reporting Standards (IFRS) in Spain by examining the value relevance of the information contained in the IFRS reconciliation adjustments in relation to the local generally accepted accounting principles...</p>

We investigate factors determining firm's governance models to assess how methods of resolving information asymmetry affect accounting policy choices. Companies with stakeholder governance models tend to use private communication to resolve information asymmetry. Our results suggest that firms...

We investigate factors determining firm's governance models to assess how methods of resolving information asymmetry affect accounting policy choices. Companies with stakeholder governance models tend to use private communication to resolve information asymmetry. Our results suggest that firms...

We examine and compare the valuation properties of earnings and book value of equity under international accounting standards (IAS) during 2000-2002 with those under international financial reporting standards (IFRS) during 2003-2004 (the voluntary period) and 2005-2006 (the mandatory period)....