Impact of IFRS on non-cross-listed Spanish companies: Financial analysts and volume of trade
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Título: | Impact of IFRS on non-cross-listed Spanish companies: Financial analysts and volume of trade |
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Autor/es: | Sanabria-García, Sonia | Garrido Miralles, Pascual |
Grupo/s de investigación o GITE: | Contabilidad y Finanzas (CyF) |
Centro, Departamento o Servicio: | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad |
Palabras clave: | Cross-listing | Analyst forecast error | Volume of trade | International Financial Reporting Standards |
Área/s de conocimiento: | Economía Financiera y Contabilidad |
Fecha de publicación: | 2020 |
Editor: | Elsevier España |
Cita bibliográfica: | European Research on Management and Business Economics. 2020, 26(2): 78-86. doi:10.1016/j.iedeen.2020.04.001 |
Resumen: | This study aims to analyse, within the scope of publicly listed Spanish companies, whether the mandatory implementation of International Financial Reporting Standards (IFRS) has had an effect on financial analysts’ earnings forecasts and investments in non-cross-listed Spanish companies (those only listed on the Spanish capital market). A sample of 369 observations for companies listed on the Spanish securities market for the period 2004–2007, of which 84 are cross-listed, was used to perform the analysis. The results show that the transition from domestic to international accounting standards has had positive effects for non-cross-listed Spanish companies, leading to the improved accuracy of financial analysts’ earnings forecasts and an increase in investments. |
URI: | http://hdl.handle.net/10045/107915 |
ISSN: | 2444-8834 | 2444-8842 (Internet) |
DOI: | 10.1016/j.iedeen.2020.04.001 |
Idioma: | eng |
Tipo: | info:eu-repo/semantics/article |
Derechos: | © 2020 AEDEM. Published by Elsevier España, S.L.U. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
Revisión científica: | si |
Versión del editor: | https://doi.org/10.1016/j.iedeen.2020.04.001 |
Aparece en las colecciones: | INV - Contabilidad y Finanzas - Artículos de Revistas |
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Sanabria_Garrido_2020_ERMBE.pdf | 363,5 kB | Adobe PDF | Abrir Vista previa | |
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