This paper discusses the effects of the adoption of IAS/IFRS in Europe on the quality of financial reporting. In doing so, it adopts the perspective of stock market investors and focuses on value-relevance research. The adoption of IAS/IFRS in Europe is an example of accounting standardization...

This paper discusses empirical research on the effects of the adoption of IAS/IFRS on the quality of financial reporting. In doing so, it focuses on the European Union. The adoption of IAS/IFRS in Europe is an example of accounting standardization among countries with different institutional...

Based on a sample of Italian firms, this paper investigates whether separate financial statements are useful to capital market investors and whether IFRS are more value-relevant than domestic GAAP. This issue is key in evaluating the decision made by some states in the European Union to extend...

Purpose – This paper aims to discuss fair value accounting and its usefulness to financial statement users. The European Commission has recently endorsed IFRS 13 on fair value measurement and is considering the endorsement of IFRS 9, which extends the use of fair value for financial...