Abstract
This paper investigates, (i) whether mandatory adoption of IFRS improves analysts’ information environment in Latin American countries where there is not significant change in institutional settings around the official IFRS adoption date; (ii) whether firm-level incentives of reporting affect analysts’ information environment; and (iii) whether mandatory adoption of IFRS improves the precision of public, private and consensus information. The results show that mandatory adoption of IFRS improve analysts’ information environment, even after controlling for the firm-level incentives of reporting. Firm-level incentives of reporting do improve analysts’ information environment in certain degree. The precision of public information and consensus information increases in the post-IFRS adoption period.
| Original language | English |
|---|---|
| Title of host publication | 101th American Accounting Association (AAA) Annual Meeting |
| Publisher | American Accounting Association |
| Publication status | Published - 10 Aug 2017 |
| Event | 2017 American Accounting Association Annual Meeting - San Diego, CA, San Diego, United States Duration: 5 Aug 2017 → 9 Aug 2017 |
Conference
| Conference | 2017 American Accounting Association Annual Meeting |
|---|---|
| Country/Territory | United States |
| City | San Diego |
| Period | 5/08/17 → 9/08/17 |
Keywords
- IFRS
- analysts’ information environment
- enforcement
- forecast accuracy
- forecast dispersion