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- Publisher Website: 10.1016/j.jacceco.2018.11.001
- Scopus: eid_2-s2.0-85057462701
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Article: Firm value and market liquidity around the adoption of common accounting standards
Title | Firm value and market liquidity around the adoption of common accounting standards |
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Authors | |
Keywords | Liquidity International Financial Reporting Standards (IFRS) Information processing Firm value Reporting quality Network effect |
Issue Date | 2019 |
Citation | Journal of Accounting and Economics, 2019, v. 68, n. 1, article no. 101220 How to Cite? |
Abstract | © 2018 Elsevier B.V. The adoption of common accounting standards generates both a precision effect and a network effect. When firms use common standards, investors can leverage their knowledge about the standards to process more financial reports. Embedding both effects into the economic framework of Baiman and Verrecchia (1995, 1996), we study the adoption's effects on reporting precision, firm value, and liquidity of both the switcher and the early adopter. The model helps address the identification challenge and reconcile some existing results in the empirical literature on IFRS adoption. It also generates implications for standardizing disclosure and accounting methods. |
Persistent Identifier | http://hdl.handle.net/10722/285822 |
ISSN | 2023 Impact Factor: 5.4 2023 SCImago Journal Rankings: 8.337 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Gao, Pingyang | - |
dc.contributor.author | Jiang, Xu | - |
dc.contributor.author | Zhang, Gaoqing | - |
dc.date.accessioned | 2020-08-18T04:56:44Z | - |
dc.date.available | 2020-08-18T04:56:44Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Journal of Accounting and Economics, 2019, v. 68, n. 1, article no. 101220 | - |
dc.identifier.issn | 0165-4101 | - |
dc.identifier.uri | http://hdl.handle.net/10722/285822 | - |
dc.description.abstract | © 2018 Elsevier B.V. The adoption of common accounting standards generates both a precision effect and a network effect. When firms use common standards, investors can leverage their knowledge about the standards to process more financial reports. Embedding both effects into the economic framework of Baiman and Verrecchia (1995, 1996), we study the adoption's effects on reporting precision, firm value, and liquidity of both the switcher and the early adopter. The model helps address the identification challenge and reconcile some existing results in the empirical literature on IFRS adoption. It also generates implications for standardizing disclosure and accounting methods. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Accounting and Economics | - |
dc.subject | Liquidity | - |
dc.subject | International Financial Reporting Standards (IFRS) | - |
dc.subject | Information processing | - |
dc.subject | Firm value | - |
dc.subject | Reporting quality | - |
dc.subject | Network effect | - |
dc.title | Firm value and market liquidity around the adoption of common accounting standards | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jacceco.2018.11.001 | - |
dc.identifier.scopus | eid_2-s2.0-85057462701 | - |
dc.identifier.volume | 68 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | article no. 101220 | - |
dc.identifier.epage | article no. 101220 | - |
dc.identifier.isi | WOS:000503094700012 | - |
dc.identifier.issnl | 0165-4101 | - |