Is Compliance with International Accounting StandardsBeneficial? - Chatham, Michael
32,99 €
inkl. MwSt.
Versandkostenfrei*
Versandfertig in 6-10 Tagen
payback
16 °P sammeln
  • Broschiertes Buch

This study provides evidence regarding the benefitsof complying with International Accounting Standards(IAS), now known as International Financial ReportingStandards (IFRS). Companies expend considerableresources on financial reporting. These resourcesmay or may not be recouped through benefits such aslower costs of capital. Using three proxies forinformation asymmetry, which has been shown to impacta firm's cost of capital, this study shows that theextent of compliance with IAS apparently does notimpact these proxies. A related investigation of thefactors associated with IAS compliance for…mehr

Andere Kunden interessierten sich auch für
Produktbeschreibung
This study provides evidence regarding the benefitsof complying with International Accounting Standards(IAS), now known as International Financial ReportingStandards (IFRS). Companies expend considerableresources on financial reporting. These resourcesmay or may not be recouped through benefits such aslower costs of capital. Using three proxies forinformation asymmetry, which has been shown to impacta firm's cost of capital, this study shows that theextent of compliance with IAS apparently does notimpact these proxies. A related investigation of thefactors associated with IAS compliance for thissample of companies suggests that compliance seems tobe related primarily to the country of domicile.Firms from Switzerland comply with IAS to a greaterdegree than firms from France and Sweden. When anauditor confirms the use of IAS, it is also a strongindicator of relatively higher levels of IAScompliance. Overall, however, the results of thisstudy place in question the motives for a firm toincur additional financial reporting costs in anattempt to comply with IAS.
Autorenporträt
Michael D. Chatham, Ph.D., C.P.A.: Doctorate in BusinessAdministration from Oklahoma State University. Currently anAssistant Professor of Accounting at Radford University.