The impact of IFRS on the relationship between conservatism and investment efficiency (notice n° 454975)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03469cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121033328.0 |
| 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 | André, Paul |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The impact of IFRS on the relationship between conservatism and investment efficiency |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2014.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 54 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Nous testons si une information comptable caractérisée par un niveau plus élevé de conservatisme est associée à des politiques d’investissement plus efficaces (réduction du sur- ou du sous-investissement) pour un échantillon de sociétés françaises, avant et après l’application obligatoire des IFRS en 2005. S’il est aisé d’établir un lien théorique entre le conservatisme et l’efficacité des politiques d’investissement, il n’est pas évident que ce lien persiste dans le contexte du passage aux normes IFRS, généralement reconnues comme réduisant le conservatisme. Empiriquement, nous observons effectivement une diminution significative du conservatisme après l’introduction des IFRS, à l’instar de Piot et al. (2011), Ahmed et al. (2013) et André et al. (2013). Nos résultats montrent que si, dans la période pré-IFRS, le conservatisme limite le sur- et le sous-investissement, il ne semble plus jouer aucun rôle dans la période post-IFRS. Notre recherche contribue aux débats académiques et réglementaires sur les conséquences économiques de diverses caractéristiques de l’information comptable produite par les sociétés, ainsi que sur les effets du passage aux IFRS. L’introduction des IFRS a assurément établi un nouvel équilibre entre les caractéristiques qualitatives de l’information financière dont les coûts et bénéfices restent difficiles à apprécier. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | We test to see whether a higher degree of conservatism is associated with greater investment efficiency (reducing over- and under-investment) for a sample of French firms before and after the mandatory adoption of IFRS in 2005. While a theoretical link between conservatism and investment efficiency is easily established, the question is whether this link still remains after the adoption of IFRS, which are generally considered to reduce conservatism. Empirical tests find a significant decrease in conservatism after IFRS adoption. This result is consistent with the results reported by Piot et al. (2011), Ahmed et al. (2013) and André et al. (2013). Our results show that in the pre-IFRS period, conservatism limited over- and under-investment. For the post-IFRS period, however, conservatism does not seem to play any role in improving investment efficiency. This paper contributes to the academic and regulatory debate over the economic consequences of the qualitative characteristics of useful financial information and the impact of IFRS adoption. The adoption of IFRS has certainly led to a new equilibrium between the various qualitative characteristics of financial information, but the costs and benefits of that equilibrium remain difficult to measure. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | France |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | conservatism |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | IFRS |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | over- and under-investment |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Filip, Andrei |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Marmousez, Sophie |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Accounting Auditing Control | Volume 20 | 3 | 2014-12-02 | p. 101-124 | 1262-2788 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-accounting-auditing-control-2014-3-page-101?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-accounting-auditing-control-2014-3-page-101?lang=en&redirect-ssocas=7080</a> |
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