文章基本信息

标题：The effect of the level of indebtedness on the earnings information content stemming from the mandatory IFRS adoption
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作者：Hela Turki ; Senda Wali ; Younes Boujelbene 等
期刊名称：International Journal of Accounting and Economics Studies
电子版ISSN：2309-4508
出版年度：2016
卷号：4
期号：1
页码：12-20
DOI：10.14419/ijaes.v4i1.5585
出版社：Journal of Advanced Computer Science & Technology
摘要：This paper examines the impact of IFRS / IAS (International Financial Reporting Standards / International Accounting Standards) mandatory adoption on the earning's information content apprehended by the level of information asymmetry and whether this impact differs from one company to another with regard to its level of indebtedness. The information asymmetry is measured by the properties of financial analysts’ forecasts (error and dispersion).This study is conducted over 11 years from 2002 to 2012 by taking as a sample all the companies that belong to the CAC all tradable indexes. The results show a significant effect of these international's standards on financial analysts' forecasts, which stress informational content improvement. In addition, high level of indebtedness associated with IFRS adoption reduces forecast dispersion. By contrast, low level of indebtedness associated with IFRS adoption reduces forecast error.
关键词：IFRS;Financial Analysts’ Forecasts;Level of Indebtedness.