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政大機構典藏 > 商學院 > 會計學系 > 期刊論文 > Item 140.119/74024

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題名:	Mandatory adoption of IFRS and timely loss recognition across Europe: The effect of corporate finance incentives
作者:	Chan, Ann Ling Ching;Hsu, A.W.-H.;Lee, E. 詹凌菁
貢獻者:	會計系
關鍵詞:	IFRS;Costs of debt capital;Timely loss recognition;Corporate finance
日期:	2015-03
上傳時間:	2015-03-25 10:14:32 (UTC+8)
摘要:	We examine whether firms have increased their timely loss recognition with the mandatory adoption of International Financial Reporting Standards (IFRS) across Europe since 2005. We estimate firm-specific asymmetric timeliness using the Khan and Watts (2009) C-score, which accounts for size, market-to-book, and leverage. We use firms that voluntarily adopted IFRS before the mandatory adoption date as a control sample to address the effect of unidentified confounding events. We find increased timely loss recognition relative to this control sample only among mandatory IFRS adopters with a higher cost of debt and in countries less dependent on private debt or bank financing. Our results are robust to controls for firm characteristics such as interest coverage, return on assets, earnings volatility, loss, accrual quality, beta, and growth, as well as both industry and country effects. We confirm that corporate finance incentives play a decisive role in determining firms` timeliness of loss recognition after mandatory IFRS adoption.
關聯:	International Review of Financial Analysis,38,70-82
資料類型:	article
DOI 連結:	http://dx.doi.org/10.1016/j.irfa.2015.02.002
DOI:	10.1016/j.irfa.2015.02.002
顯示於類別:	[會計學系] 期刊論文

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