Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis

By Luzi Hail, Christian Leuz, Peter D. Wysocki. 2010

456 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5fd1071b9deb084a8fd2df2df7ab7a8b23c45b48

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Citations in the corpus

Evidence-based policymaking: promise, challenges and opportunities for accounting and financial markets research** (2018, unknown): “Specific examples in accounting standard setting and financial regulation are Hail et al. (2010a, 2010b), Koch et al. (2013), Coates and Srinivasan (2014), Acharya and Ryan (2016) and Leuz and Wysocki (2016).”
The Impact of Mandatory IFRS Adoption on Equity Valuation of Accounting Numbers for Security Investors in the EU (2010, background): “In addition to providing implementations, these studies also discuss the implications of the adoption of the IFRS by the EU and the effects of standards versus incentives, as determinants of financial reporting outcomes, on international convergence (Schipper, 2005),(24) while previous studies focus”
Does Accounting Quality Change Following a Switch from U.S. GAAP to IFRS? Evidence from Germany (2012, unknown): “As argued by Hail et al. (2010), managers of U.S. firms should still strive to provide accounting information that is of a high enough quality to be useful to users of financial information in U.S. capital markets.”
Mandatory IFRS Adoption and Institutional Investment Decisions (2012, unknown): “Cluster classification is based on legal regulation quality, enforcement, and reporting practices variables and is taken from Leuz (2010), characterized as outsider economies with strong outsider protection and legal enforcement (Cluster 1); insider economies with stronger rule enforcement (Cluster ”
Intended and Unintended Consequences of Mandatory IFRS Adoption: A Review of Extant Evidence and Suggestions for Future Research (2013, unknown): “…of financial reporting regulation in general (Leuz and Wysocki, 2008; Bushman and Landsman, 2010) or are confined to early (Hail and Leuz, 2007; Hail et al., 2010) or selected (Pope and McLeay, 2011) evidence on the intended consequences of mandatory IFRS adoption, our study provides a…”
The Effect of IAS/IFRS Adoption on Earnings Management (Smoothing): A Closer Look at Competing Explanations (2013, unknown): “Prior research generally points to the importance of firms’ reporting incentives (e.g., Ball et al., 2000, 2003; Leuz, 2003; Burgstahler et al., 2006; Hail et al., 2010), the role of legal institutions (Leuz et al.”
Mandatory CSR and sustainability reporting: economic analysis and literature review (2019, background): “…These were two of the main arguments put forward by regulators, standard setters, and politicians for the mandatory adoption of International Financial Reporting Standards (IFRS) in many countries around the world (for overviews see, e.g., Barth 2006; Hail et al. 2010a; De George et al. 2016).”
Does fair value accounting for non-financial assets pass the market test? (2013, unknown): “739–747; Fabricant 1936), it is still unsettled (e.g., Schipper 2005; Ball and Shivakumar 2006; Watts 2006; Laux and Leuz 2009; Hail et al. 2010).”
Do Earnings Reported Under IFRS Tell Us More About Future Earnings and Cash Flows (2011, unknown): “Holthausen, 2009; Sunder, 2009; Kvaal and Nobes, 2010; Hail et al., 2010a, 2010b). In addition, in 2009, SEC Chairman Mary Schapiro expressed reservations about the IASB and about the quality of IFRS (Forgeas, 2008; Cohn, 2009; Leone, 2009). More recently, Howell (2010) reports that plans for the U.”
Does Mandatory Adoption of IFRS improve Accounting Quality? Preliminary Evidence (2013, background): “Thus, it is not clear that changing one element (i.e., accounting standards) would necessarily result in improved accounting quality (Ball 2006; Hail, Leuz, and Wysocki 2009).”
Network Effects in Countries’ Adoption of IFRS (2014, background): “Prior literature argues that financial reporting standards have co-developed with a country’s economic, political, and cultural institutions (e.g., Ball, Kothari, and Robin, 2000; Ball, Robin, and Wu, 2003; Bushman and Piotroski, 2006; Bradshaw and Miller, 2008; and Hail, Leuz, and Wysocki, 2010).”
New institutional accounting and IFRS (2011, methodology): “As noted in Hail et al. (2010b), one can attempt to measure the economic outcomes of IFRS adoption, but one cannot observe the possible outcomes of alternative regulatory scenarios such as countries maintaining their domestic GAAP while there are changes to other institutions, or supporting…”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, unknown): “…incentives, rather than reporting standards (or stated rules), as a fundamental determinant of observed disclosure and reporting practices across firms and countries (e.g., Ball et al., 2003; Leuz, 2003; Leuz et al., 2003; Ball and Shivakumar, 2005; Burgstahler et al., 2006, Hail et al., 2010a).”
IFRS – 10 years later (2016, unknown): “Hail et al. (2010) provide a comprehensive analysis.”
Are IFRS-based and US GAAP-based accounting amounts comparable? $ (2012, unknown): “…there is a substantial literature comparing quality of accounting amounts internationally as well as capital market effects of IFRS adoption (Hail et al., 2010a, 2010b), there is less evidence on the comparability of accounting amounts resulting from application of IFRS and US GAAP.”