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題名 Does the SEC`s Waiver of Reconciliation of IFRS to U.S. GAAP Improve Accounting Quality?
作者 洪叔民
Horng,Shwu-Min;Chao, Chia-Ling
貢獻者 企管系
日期 2013.08
上傳時間 19-Dec-2013 11:11:43 (UTC+8)
摘要 Accounting quality;Earnings management; Timely loss recognition;Value relevance
This paper compares accounting-quality metrics for foreign firms before and after the SEC waived the reconciliation requirement for IFRS firms. We find that foreign issuers applying IFRS exhibit more income smoothing and less timely recognition of losses than do foreign firms filing U.S. GAAP reconciliations in the IFRS reporting period. However, we also find that accounting amounts are more value relevant for IFRS firms than their counterparts. Differences in accounting quality between the two sets of firms in the U.S. GAAP reconciliation period do not account for the IFRS reporting-period differences. Our findings also document that foreign firms filing U.S. GAAP reconciliations experience a greater improvement in accounting quality in terms of less earnings smoothing and more timely recognition of losses than do foreign issuers adopting IFRS between the U.S. GAAP reconciliation and IFRS reporting periods. Overall, the combined evidence suggests that application of IFRS by non-U.S. firms has not enhanced financial reporting comparability with firms filing U.S. GAAP reconciliations. The above implications are robust to a number of alternative specifications.
關聯 Accounting and Finance Journal,2(3),78-97
資料類型 article
DOI http://dx.doi.org/10.5430/afr.v2n3p78
dc.contributor 企管系en_US
dc.creator (作者) 洪叔民zh_TW
dc.creator (作者) Horng,Shwu-Min;Chao, Chia-Lingen_US
dc.date (日期) 2013.08en_US
dc.date.accessioned 19-Dec-2013 11:11:43 (UTC+8)-
dc.date.available 19-Dec-2013 11:11:43 (UTC+8)-
dc.date.issued (上傳時間) 19-Dec-2013 11:11:43 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/62696-
dc.description.abstract (摘要) Accounting quality;Earnings management; Timely loss recognition;Value relevanceen_US
dc.description.abstract (摘要) This paper compares accounting-quality metrics for foreign firms before and after the SEC waived the reconciliation requirement for IFRS firms. We find that foreign issuers applying IFRS exhibit more income smoothing and less timely recognition of losses than do foreign firms filing U.S. GAAP reconciliations in the IFRS reporting period. However, we also find that accounting amounts are more value relevant for IFRS firms than their counterparts. Differences in accounting quality between the two sets of firms in the U.S. GAAP reconciliation period do not account for the IFRS reporting-period differences. Our findings also document that foreign firms filing U.S. GAAP reconciliations experience a greater improvement in accounting quality in terms of less earnings smoothing and more timely recognition of losses than do foreign issuers adopting IFRS between the U.S. GAAP reconciliation and IFRS reporting periods. Overall, the combined evidence suggests that application of IFRS by non-U.S. firms has not enhanced financial reporting comparability with firms filing U.S. GAAP reconciliations. The above implications are robust to a number of alternative specifications.en_US
dc.format.extent 1729053 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Accounting and Finance Journal,2(3),78-97en_US
dc.title (題名) Does the SEC`s Waiver of Reconciliation of IFRS to U.S. GAAP Improve Accounting Quality?en_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.5430/afr.v2n3p78en_US
dc.doi.uri (DOI) http://dx.doi.org/10.5430/afr.v2n3p78en_US