EconStor >
Humboldt-Universität zu Berlin >
Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/56632
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBrüggemann, Ulfen_US
dc.contributor.authorHitz, Jörg-Markusen_US
dc.contributor.authorSellhorn, Thorstenen_US
dc.date.accessioned2012-02-09en_US
dc.date.accessioned2012-04-05T16:12:23Z-
dc.date.available2012-04-05T16:12:23Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/56632-
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.en_US
dc.language.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2012-011en_US
dc.subject.jelG38en_US
dc.subject.jelK12en_US
dc.subject.jelK22en_US
dc.subject.jelK34en_US
dc.subject.jelM41en_US
dc.subject.jelM48en_US
dc.subject.ddc330en_US
dc.subject.keywordinternational accountingen_US
dc.subject.keywordIFRS adoptionen_US
dc.subject.keywordeconomic consequencesen_US
dc.subject.keywordcontractingen_US
dc.subject.keywordregulationen_US
dc.subject.keywordreviewen_US
dc.subject.stwInternational Financial Reporting Standardsen_US
dc.subject.stwPublizitätspflichten_US
dc.subject.stwBilanzrechten_US
dc.subject.stwRechtsangleichungen_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwWelten_US
dc.titleIntended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future researchen_US
dc.typeWorking Paperen_US
dc.identifier.ppn685018679en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

Files in This Item:
File Description SizeFormat
685018679.pdf534.32 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.