Effects of IFRS on Accounting Information Quality: Evidence for Brazil
| Autor: | João Frois Caldeira, Julio Cesar Araujo da Silva Junior, Hudson Torrent |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Matching (statistics)
Análise de dados media_common.quotation_subject Panel data analysis Accounting Conservatism International Financial Reporting Standards IFRS Corporate group Propensity score matching 0502 economics and business Economics Relevance (information retrieval) Qualidade da informação 050205 econometrics media_common Selection bias 050208 finance business.industry Brasil 05 social sciences Accounting information quality Informação contábil Pontuação de propensão Accounting information system business Brazil Econometria Panel data |
| Zdroj: | Repositório Institucional da UFRGS Universidade Federal do Rio Grande do Sul (UFRGS) instacron:UFRGS |
| ISSN: | 1916-9728 1916-971X |
| DOI: | 10.5539/ijef.v9n5p44 |
| Popis: | Understanding the effects of the International Financial Reporting Standards (IFRS) on accounting quality is fundamental for policy makers and financial market players in general. This paper analyzes whether the adoption of IFRS in Brazil has had the impact on accounting informational quality. To this end, a differentiated empirical strategy was adopted based on two steps: first, a matching of voluntary adopters of norms and non-adopters by propensity score is performed to construct control groups. This is important to mitigate the selection bias problem. Second, the measures of value relevance, timeliness and conservatism of accounting information are estimated using panel data models. The period of analysis extends from 2006 to 2010, with annual information for the first stage and quarterly for the second. The results show a positive impact of international standards on the value relevance. However, for the measures of timeliness and conservatism, sufficient evidence was not found to indicate any impact on the group of companies evaluated. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|