Analyzing the Impact of IFRS Standards on Default Risk Assessment for Listed Groups: An Exploratory Study of the French Market (notice n° 454326)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02023cam a2200229 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121032839.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Escaffre, Lionel |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Analyzing the Impact of IFRS Standards on Default Risk Assessment for Listed Groups: An Exploratory Study of the French Market |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2007.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 71 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | "Under the ""going concern"" principle, an entity is considered a going concern in the absence of information proving the contrary. Over the last thirty years, researchers have extensively examined the information relevant to default risk assessment. These empirical works first adopting accounting-based, and more recently option-pricing-based, approaches have been prolific. However, the 2005 transition from French GAAP towards IFRS framework may have impacted the valuation methodologies previously documented. Using a sample of SBF 120 industrial companies, this study examines the impact of the IFRS transition on default risk assessment as gauged by the main accounting-based (i.e., Altman 1968; Ohlson 1980; and Zmijewski 1984) and option-based models (i.e., Merton 1974 and Vassalou and Xing 2004). Our empirical results suggest that sampled listed firms exhibit on average a significantly lower default risk estimation under IAS than under French GAAPs ceteris paribus. This finding underlines the fact that contrary to reddition-oriented French GAAP, the transition to the prospective-based IFRS necessarily implies a reconsideration of the hypotheses underlying the common default risk models." |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | IAS/IFRS transition |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | going concern |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | accounting information |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | default risk models |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | IASB conceptual framework |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Ramond, Olivier |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Accounting Auditing Control | Volume 13 | 3 | 2007-12-01 | p. 269-295 | 1262-2788 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-accounting-auditing-control-2007-3-page-269?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-accounting-auditing-control-2007-3-page-269?lang=en&redirect-ssocas=7080</a> |
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