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International Financial Reporting Standards adoption and information quality: Evidence from Brazil
Journal of International Financial Management & Accounting ( IF 2.808 ) Pub Date : 2018-11-05 , DOI: 10.1111/jifm.12092
Li Li Eng 1 , Jing Lin 2 , João Neiva De Figueiredo 3
Affiliation  

This paper examines whether the mandatory adoption of International Financial Reporting Standards (IFRS) in Brazil in 2010 has improved the value relevance of accounting information, information content of earnings, financial analyst forecasting activities, and liquidity. We examine the variables in the pre‐IFRS mandatory adoption sample period, considered herein as 2008 to 2009, and the post‐IFRS adoption period of 2011 to 2012. We provide evidence demonstrating improvement in value relevance of earnings and number of analysts following the firms in the period after IFRS adoption, but we do not find improvements in information content of earnings, accuracy in analyst forecasting, and liquidity in the post‐adoption period. Our findings suggest a positive relationship between IFRS adoption and some areas of information quality in Brazil. By focusing on one important economy as it takes significant steps toward full convergence with IFRS, our study contributes to the growing literature concerning the impact of IFRS adoption around the world.

中文翻译:

国际财务报告准则的采用和信息质量:来自巴西的证据

本文研究了2010年巴西强制采用国际财务报告准则(IFRS)是否改善了会计信息的价值相关性,收益的信息内容,财务分析师的预测活动和流动性。我们研究了国际财务报告准则前强制采用样本期内(此处视为2008年至2009年)以及国际财务报告准则后采用2011年至2012年之间的变量。我们提供的证据表明,收益的价值相关性和跟随公司的分析师人数有所改善在采用IFRS后的时期内,但我们发现采用后的收益信息内容,分析师预测的准确性以及流动性方面没有改善。我们的发现表明,IFRS的采用与巴西某些信息质量领域之间存在正相关关系。
更新日期:2018-11-05
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