Intended and unintended consequences of mandatory IFRS adoption
The IAS Regulation (EC, 2002) requires most listed EU firms to prepare their consolidated accounts according to IFRS since 2005. This essay complements an earlier review by Soderstrom and Sun (2007) on voluntary IFRS adoption: We summarize and discuss the extant empirical literature on the economic consequences of mandatory IFRS adoption and provide suggestions for future research.
KeywordsEarning Announcement Dividend Payout Debt Covenant Stock Market Reaction Accounting Earning
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