The economic effects of IFRS adoption in Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kwon, Soo Young | - |
dc.contributor.author | Na, Kyunga | - |
dc.contributor.author | Park, Jongil | - |
dc.date.accessioned | 2021-09-01T12:04:11Z | - |
dc.date.available | 2021-09-01T12:04:11Z | - |
dc.date.created | 2021-06-19 | - |
dc.date.issued | 2019-07-04 | - |
dc.identifier.issn | 1608-1625 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/64143 | - |
dc.description.abstract | This paper examines whether Korea's mandatory adoption of International Financial Reporting Standards (IFRS) is associated with higher earnings quality. Based on Korean listed companies, we compare earnings quality and market assessment in the pre-IFRS period (2007-2010) with those in the post-IFRS period (2011-2014). We find significant IFRS adoption effects by documenting smaller absolute values in discretionary accruals and real earnings management, higher accrual quality, stronger earnings persistence, and less frequent negative earnings. Thus, we provide evidence of improved earnings quality with Korea's mandatory IFRS adoption. Additionally, we document an increase in the value relevance of earnings, more accurate analysts' earnings forecasts, and higher audit fees and hours. These results show that investors and analysts view improvements in the information environment, and auditors' respond to the complex environment by demanding higher audit fees and making additional efforts after mandatory IFRS adoption. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | - |
dc.subject | INTERNATIONAL ACCOUNTING STANDARDS | - |
dc.subject | FINANCIAL-REPORTING STANDARDS | - |
dc.subject | EARNINGS MANAGEMENT | - |
dc.subject | MANDATORY ADOPTION | - |
dc.subject | QUALITY EVIDENCE | - |
dc.subject | AUDIT FEES | - |
dc.subject | INFORMATION | - |
dc.subject | FIRMS | - |
dc.subject | PERCEPTIONS | - |
dc.subject | PERSISTENCE | - |
dc.title | The economic effects of IFRS adoption in Korea | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Kwon, Soo Young | - |
dc.identifier.doi | 10.1080/16081625.2017.1298454 | - |
dc.identifier.scopusid | 2-s2.0-85015713451 | - |
dc.identifier.wosid | 000476926300001 | - |
dc.identifier.bibliographicCitation | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, v.26, no.4, pp.321 - 361 | - |
dc.relation.isPartOf | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | - |
dc.citation.title | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | - |
dc.citation.volume | 26 | - |
dc.citation.number | 4 | - |
dc.citation.startPage | 321 | - |
dc.citation.endPage | 361 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | INTERNATIONAL ACCOUNTING STANDARDS | - |
dc.subject.keywordPlus | FINANCIAL-REPORTING STANDARDS | - |
dc.subject.keywordPlus | EARNINGS MANAGEMENT | - |
dc.subject.keywordPlus | MANDATORY ADOPTION | - |
dc.subject.keywordPlus | QUALITY EVIDENCE | - |
dc.subject.keywordPlus | AUDIT FEES | - |
dc.subject.keywordPlus | INFORMATION | - |
dc.subject.keywordPlus | FIRMS | - |
dc.subject.keywordPlus | PERCEPTIONS | - |
dc.subject.keywordPlus | PERSISTENCE | - |
dc.subject.keywordAuthor | IFRS | - |
dc.subject.keywordAuthor | economic effects | - |
dc.subject.keywordAuthor | principles-based | - |
dc.subject.keywordAuthor | earnings quality | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.