This paper describes the background to and implementation of the decision to adopt IFRS in New Zealand with particular focus on the issue of sector neutrality in financial reporting standards. New Zealand's financial reporting standards were originally developed for application only by profit...

This study contributes to the current debate on IFRS adoption by considering the economic consequences of IFRS adoption as indicated by impact on the cost of equity capital. Using a sample of 354 firm-year observations on New Zealand listed companies over the period 1998-2009, we find that there...

We utilize two basic approaches to measure the quality of earnings which control two different dimensions of earnings management. The research design is structured primary on the basis of calculating two different measures of the quality of earnings on the industry level and on the company...