Article Type: Original Article DOES MANDATORY IFRS ADOPTION IMPROVE THE INFORMATION ENVIRONMENT?

By Joanne Horton, George Serafeim, Ioanna Serafeim. 2012

620 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bbe6797855e790ba80831a98db2df35734f43dac

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Citations in the corpus

Does a common set of accounting standards affect tax-motivated income shifting for multinational firms? (2016, background): “, 2011) and analyst coverage and forecasts (e.g., Byard et al., 2011; Horton et al., 2012; Tan et al., 2011).”
Introduction of International Accounting Standards, Disclosure Quality and Accuracy of Analysts' Earnings Forecasts (2013, unknown): “For example, companies that adopt IFRS may intensify (or curtail) their investor-relations activities, the number of analysts who follow such companies may increase (or decrease), and individual analysts may expand (or reduce) their efforts to gather and process information after companies switch to”
International Financial Reporting Standards: what are the benefits? (2011, background): “A much later study also considered changes in the accuracy of analysts’ forecasts for both voluntary and mandatory adopters, as well as for firms that for one reason or another had not adopted IFRS (Horton et al. 2008).”
Intended and Unintended Consequences of Mandatory IFRS Adoption: A Review of Extant Evidence and Suggestions for Future Research (2013, unknown): “…Young, 2012), increases stock price synchronicity in the longer run (Beuselinck et al., 2010) and enhances the quality of analysts’ information environment in general (Byard et al., 2011; Horton et al., 2012; see also Panaretou et al., 2012) and foreign analysts in particular (Tan et al., 2011).”
Convergence of Accounting Standards and Foreign Direct Investment (2014, result): “Similar results are also found by using other proxies of information environment, such as consensus forecast errors (Horton et al., 2010).”
Financial Statement Comparability and the Efficiency of Acquisition Decisions (2018, background): “We expect acquirers will 1 There are several recent exceptions including De Franco et al. (2011), Brochet et al. (2013), and Horton et al. (2013).”
A review of the IFRS adoption literature (2016, background): “Examining the reasons why IFRS adoption may improve analysts’ forecast accuracy for adopting firms, Horton, Serafeim, and Serafeim (2013) test whether the improvement arises from (i) a higher quality of IFRS, (ii) a greater comparability after IFRS adoption, or (iii) the additional opportunities…”
The Effect of IAS/IFRS Adoption on Earnings Management (Smoothing): A Closer Look at Competing Explanations (2013, unknown): “On the other hand, Horton et al. (2013) find a decrease in analyst forecast errors after the adoption of IAS/IFRS, consistent with an improvement in information environment cased by the change in accounting standards.”
Does Mandatory Adoption of IFRS improve Accounting Quality? Preliminary Evidence (2013, background): “For example, there is evidence of (i) improvements in analyst forecast accuracy and reduction in dispersion (Brown, Preiato, and Tarca 2009; Horton, Serafeim, and Serafeim 2013; Byard, Ying, and Yu 2011); (ii) improvements in liquidity (Daske et al. 2008) and reduction in cost of equity capital…”
Mandatory IFRS Reporting and Changes in Enforcement (2013, background): “…informativeness (Beuselinck et al., 2009); and improvements in financial analysts’ information environment (Byard et al., 2011; Tan et al., 2011; Horton et al., 2013).8 Based on these findings, one could conclude that mandatory IFRS adoption has improved the transparency and comparability of…”
Mandatory IFRS Adoption and Financial Statement Comparability (2013, background): “Horton et al. (2012) provides evidence that analyst forecast accuracy improves after mandatory IFRS adoption for analysts covering firms that report under multiple standards before IFRS adoption.”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, result): “In contrast, studies based on analyst forecast dispersion and forecast errors, which can be viewed as indirectly measuring changes in reporting quality, suggest that financial analysts receive better information after IFRS adoption (e.g., Byard et al., 2011; Tan et al., 2011; Horton et al., 2013).”