MISC

2011年

Who Benefits from the Adoption of IFRS?

TJAR
  • Okuda Shin'ya

1
2011
開始ページ
61
終了ページ
69
記述言語
英語
掲載種別
出版者・発行元
国立大学法人 神戸大学経済経営研究所

The research objective of this paper is to investigate when the adoption of International Financial Reporting Standards (IFRS) is beneficial to capital market participants. In particular, I specify the conditions in which IFRS is superior to domestic accounting standards from cost of capital and disclosure viewpoint. This paper presents a competitive equilibrium model to demonstrate who would prefer IFRS to domestic accounting standards, and when. It shows that in certain conditions, there is a conflict between firms' managers and investors, with regard to the adoption of IFRS. It also demonstrates that although the quality of accounting standards is an important condition, it does not necessitate IFRS preference by managers and investors. This sheds light on the fact that the ratio of foreign investors affects the decision.

リンク情報
CiNii Articles
http://ci.nii.ac.jp/naid/130004676240
ID情報
  • ISSN : 2185-4785
  • CiNii Articles ID : 130004676240
  • identifiers.cinii_nr_id : 1000040351431

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