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題名 Does Mandatory IFRS Adoption Improve Accounting Quality? Evidence from Taiwan
作者 朱琇妍
Chu, Shiou-Yen
Chen, Ho-Chyuan
Wu, Che-Wei
貢獻者 財政系
關鍵詞 IFRS ; GAAP ; Income Smoothing ; Earnings Management ; Value Relevance
日期 2016-01
上傳時間 4-Oct-2019 16:07:30 (UTC+8)
摘要 This paper examines the impact of the adoption of International Financial Reporting Standards (IFRS) on Taiwanese listed companies. We employ ten metrics, classified in income smoothing, report aggressiveness and value relevance, to test whether accounting quality has improved after mandatory IFRS adoption in Taiwan beginning in 2013. The 2012 financial statements under local Generally Accepted Accounting Principles (GAAP) are also required to be restated with IFRS. These statements provide us useful information to evaluate the effect of adopting an alternate accounting standard. Our sample covers over 800 listed firms in Taiwan during 2011 to 2013. Our results can be summarized as follows. Relative to 2012, we find evidence of significant decreases in income smoothing and in discretionary accruals as well as a significant increase in timely recognition of large losses in 2013. However, relative to 2012, we do not find any significant increase in value relevance after mandatory IFRS adoption. Our results contribute to the existing debate on whether adopting IFRS improves accounting quality. They also prompt regulators in emerging economies to be aware that the effectiveness of adopting IFRS may not be consistent with reducing earnings management and amplifying value relevance
關聯 Advances in Financial Planning and Forecasting, Vol.7, pp.141-163
資料類型 article
DOI https://doi.org/10.6292/AFPF.2016.07.07
dc.contributor 財政系
dc.creator (作者) 朱琇妍
dc.creator (作者) Chu, Shiou-Yen
dc.creator (作者) Chen, Ho-Chyuan
dc.creator (作者) Wu, Che-Wei
dc.date (日期) 2016-01
dc.date.accessioned 4-Oct-2019 16:07:30 (UTC+8)-
dc.date.available 4-Oct-2019 16:07:30 (UTC+8)-
dc.date.issued (上傳時間) 4-Oct-2019 16:07:30 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/126714-
dc.description.abstract (摘要) This paper examines the impact of the adoption of International Financial Reporting Standards (IFRS) on Taiwanese listed companies. We employ ten metrics, classified in income smoothing, report aggressiveness and value relevance, to test whether accounting quality has improved after mandatory IFRS adoption in Taiwan beginning in 2013. The 2012 financial statements under local Generally Accepted Accounting Principles (GAAP) are also required to be restated with IFRS. These statements provide us useful information to evaluate the effect of adopting an alternate accounting standard. Our sample covers over 800 listed firms in Taiwan during 2011 to 2013. Our results can be summarized as follows. Relative to 2012, we find evidence of significant decreases in income smoothing and in discretionary accruals as well as a significant increase in timely recognition of large losses in 2013. However, relative to 2012, we do not find any significant increase in value relevance after mandatory IFRS adoption. Our results contribute to the existing debate on whether adopting IFRS improves accounting quality. They also prompt regulators in emerging economies to be aware that the effectiveness of adopting IFRS may not be consistent with reducing earnings management and amplifying value relevance
dc.format.extent 2105915 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Advances in Financial Planning and Forecasting, Vol.7, pp.141-163
dc.subject (關鍵詞) IFRS ; GAAP ; Income Smoothing ; Earnings Management ; Value Relevance
dc.title (題名) Does Mandatory IFRS Adoption Improve Accounting Quality? Evidence from Taiwan
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.6292/AFPF.2016.07.07
dc.doi.uri (DOI) https://doi.org/10.6292/AFPF.2016.07.07