Impact of IFRS on non-cross-listed Spanish companies: Financial analysts and volume of trade
| Autor: | Pascual Garrido-Miralles, Sonia Sanabria-García |
|---|---|
| Přispěvatelé: | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad, Contabilidad y Finanzas (CyF) |
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
International accounting Strategy and Management Sample (statistics) lcsh:Business International Financial Reporting Standards Cross listing 0502 economics and business Analyst forecast error Volume of trade Cross-listing Business and International Management Security market Marketing Finance Earnings Scope (project management) business.industry 05 social sciences Economía Financiera y Contabilidad 050211 marketing Business lcsh:HF5001-6182 Capital market 050203 business & management |
| Zdroj: | RUA. Repositorio Institucional de la Universidad de Alicante Universidad de Alicante (UA) European Research on Management and Business Economics, Vol 26, Iss 2, Pp 78-86 (2020) |
| ISSN: | 2444-8834 |
| DOI: | 10.1016/j.iedeen.2020.04.001 |
| Popis: | This study aims to analyse, within the scope of publicly listed Spanish companies, whether the mandatory implementation of International Financial Reporting Standards (IFRS) has had an effect on financial analysts’ earnings forecasts and investments in non-cross-listed Spanish companies (those only listed on the Spanish capital market). A sample of 369 observations for companies listed on the Spanish securities market for the period 2004–2007, of which 84 are cross-listed, was used to perform the analysis. The results show that the transition from domestic to international accounting standards has had positive effects for non-cross-listed Spanish companies, leading to the improved accuracy of financial analysts’ earnings forecasts and an increase in investments. |
| Databáze: | OpenAIRE |
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