This paper reviews the literature on the effects of International Financial Reporting
Standards (IFRS) adoption. It aims to provide a cohesive picture of empirical archival …

Abstract In 2002, the European Union (EU) Parliament passed a regulation that requires
consolidated and simple accounts for all companies listed in the EU to use International …

This paper examines systematic differences in earnings management across 31 countries.
We propose an explanation for these differences based on the notion that insiders, in an …

We examine the relation between the cost of equity capital and seven attributes of earnings:
accrual quality, persistence, predictability, smoothness, value relevance, timeliness, and …

International differences in the demand for accounting income predictably affect the way it
incorporates economic income (change in market value) over time. We characterize …

Investors, regulators, academics, and researchers all emphasize the importance of financial
statement comparability. However, an empirical construct of comparability is typically not …

This paper documents changes in the patterns of earnings, cash flows and accruals over the
last four decades. In the absence of a generally accepted definition of conservatism, a …

This paper examines how capital market pressures and institutional factors shape firms'
incentives to report earnings that reflect economic performance. To isolate the effects of …

In this paper we critically evaluate the standard-setting inferences that can be drawn from
value relevance research studies that are motivated by standard setting. Our evaluation …

This paper examines international differences in firms' cost of equity capital across 40
countries. We analyze whether the effectiveness of a country's legal institutions and …