Abstract We investigate the effects of the adoption of International Financial Reporting Standard (IFRS) 11, Joint Arrangements. In so doing, we analyze whether the removal of the proportionate consolidation option and the mandatory use of the equity method in reporting for joint ventures influences the value relevance of co-venturers’ total assets and liabilities. In a reverse situation, i.e. the elimination of the equity method, Richardson, Roubi, and Soonawalla (2012) found a decline in the value relevance of the aforementioned amounts for firms forced to change reporting method, partially offset by the value relevance of joint venture data disclosure. We focus on a continental European setting and analyze a sample of 120 Italian and French non-financial listed firms over the period 2008–2015. We find a reduction in the value relevance of co-venturers’ total assets and liabilities for companies obliged to move from proportionate consolidation to the equity method. Conversely, we do not find an increase in the value relevance of joint venture disaggregated data provided in the notes.

中文翻译：

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合资企业改用 IFRS 11 是否会影响企业合并财务报表的价值相关性？来自法国和意大利的证据

摘要 我们调查了采用国际财务报告准则 (IFRS) 11，联合安排的影响。在此过程中，我们分析了取消比例合并选择权和在合营企业报告中强制使用权益法是否会影响合营企业总资产和负债的价值相关性。在相反的情况下，即取消权益法，Richardson、Roubi 和 Soonawalla（2012）发现，对于被迫改变报告方法的公司，上述金额的价值相关性下降，部分被合资企业的价值相关性抵消数据披露。我们专注于欧洲大陆环境，并分析了 2008 年至 2015 年期间 120 家意大利和法国非金融上市公司的样本。我们发现，对于必须从按比例合并到权益法的公司，合资企业的总资产和负债的价值相关性降低了。相反，我们没有发现附注中提供的合资企业分类数据的价值相关性增加。