Value relevance of financial statements in convergence with IFRS: Analyses in the abnormal pricing error

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Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/108519

Title:	Value relevance of financial statements in convergence with IFRS: Analyses in the abnormal pricing error
Authors:	吳清在;Tsing-Zai C. Wu;謝宛庭;Wan-Ting Hsieh;余駿展;Chun-Chan Yu;朱心迪;Hsin-Ti Chu
Contributors:	會計與資訊學系
Date:	2017-04
Issue Date:	2017-12-08 06:36:15 (UTC+0)
Abstract:	We use an econometrically distinct method to test whether the value relevance of financial statements, especially during convergence with International Financial Reporting Standards (IFRS), has improved in Taiwanese firms in 1990–2011. In contrast to a prior study, our results show that given transformation between two high-quality accounting standards, convergence with IFRS will not lead to further increases in value relevance of financial statements. Our findings may provide implications for international standard-setters and regulators, especially countries undecided about adopting or converging with IFRS.
Relation:	APPLIED ECONOMICS LETTERS
Appears in Collections:	[Department of Accounting and Information Systems] Journal Article

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