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2012-02-08Buch DOI: 10.18452/4386
Intended and unintended consequences of mandatory IFRS adoption
dc.contributor.authorBrüggemann, Ulf
dc.contributor.authorHitz, Jörg-Markus
dc.contributor.authorSellhorn, Thorsten
dc.date.accessioned2017-06-16T00:35:40Z
dc.date.available2017-06-16T00:35:40Z
dc.date.created2012-02-23
dc.date.issued2012-02-08
dc.date.submitted2012-01-08
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5038
dc.description.abstractThis paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly stated objectives of the EU‟s so-called „IAS Regulation‟, we distinguish between intended and unintended consequences of mandatory IFRS adoption. Empirical research on the intended consequences generally fails to document an increase in the comparability or transparency of financial statements. In contrast, there is rich and almost unanimous evidence of positive effects on capital markets and at the macroeconomic level. We argue that certain research design issues are likely to contribute to this apparent mismatch in findings and we suggest areas for future research to address it. The literature investigating unintended consequences of mandatory IFRS adoption is still in its infancy. However, extant empirical evidence and insights from non-IFRS settings suggest that mandatory IFRS adoption has the potential to materially affect contractual outcomes. We conclude that both the intended and the unintended consequences deserve further scrutiny to assess the costs and benefits of mandatory IFRS adoption, which may help provide a basis for evaluating the effectiveness of the IAS Regulation. We provide specific guidance for future research in this field.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectInternational accountingeng
dc.subjectIFRS adoptioneng
dc.subjecteconomic consequenceseng
dc.subjectcontractingeng
dc.subjectregulation revieweng
dc.subject.ddc330 Wirtschaft
dc.titleIntended and unintended consequences of mandatory IFRS adoption
dc.typebook
dc.subtitlea review of extant evidence and suggestions for future research
dc.identifier.urnurn:nbn:de:kobv:11-100199492
dc.identifier.doihttp://dx.doi.org/10.18452/4386
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages47
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2012
local.edoc.container-issue11
local.edoc.container-year2012
local.edoc.container-erstkatid2195055-6

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