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How Markets Valuate and Response to IFRS Reconciliations Adjustments in Finland




TekijätSchadewitz HJ, Vieru MJ

KustantajaSocial Science Electronic Publishing

Julkaisuvuosi2007

JournalSocial Science Research Network

Tietokannassa oleva lehden nimiSSRN Electronic Journal

Aloitussivu1

Lopetussivu49

Sivujen määrä49

ISSN1556-5068

DOIhttps://doi.org/10.2139/ssrn.1005601

Verkko-osoitehttp://dx.doi.org/10.2139/ssrn.1005601


Tiivistelmä

This study focuses on the value relevance and market responses of mandatory transition to International Financial Reporting Standards (IFRS), using sample of Finnish first-time IFRS adopters. The Finnish data is used since prior research findings suggest large differences between Finnish accounting standards (FAS) and IFRS. Some evidence of value relevance is found in IFRS adjustments on earnings but not with IFRS adjustments in sharholders´ equity. Furthermore, only minor market responses on stock returns and no excess trading after the release of IFRS reconciliation adjustments are evidenced. This suggests that great deal of IFRS reconciliations, if relevant, were anticipated by investors.



Last updated on 2024-26-11 at 14:37