IAS Versus U.S. GAAP: Information Asymmetry–Based Evidence from Germany's New Market

By Christian Leuz. 2003

403 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/be9cdfa85bf4603661fd9fa758fd8c99c75b85bd

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Citations in the corpus

Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors (2009, background): “Leuz and Verrecchia (2000) examine German firms that adopt IAS or U.”
Financial statement comparability and credit risk (2013, positive): “Motivated by the former findings, some researchers use reduced information asymmetry as an indicator of increased accounting quality (e.g., Leuz 2003).”
The Effect of Tax Authority Monitoring and Enforcement on Financial Reporting Quality (2014, methodology): “For example, manipulating earnings to increase 2 Other examples from this literature include, Ball, Kothari, and Robin (2000), Ali and Hwang (2000), Ball, Robin, and Wu (2003), Leuz (2003), Bushman and Piotroski (2006), Bradshaw and Miller (2008), and Holthausen (2009).”
Environmental, Social and Governance Disclosure, Integrated Reporting, and the Accuracy of Analyst Forecasts (2016, neutral): “Also, Leuz (2003) uses two small samples, one of 69 and the other of 195 German Neue Markt firm-years, to study the relative impacts of US GAAP and IAS on measures of information asymmetry.”
The Role of International Financial Reporting Standards in Accounting Quality: Evidence from the European Union (2010, background): “, NYSE, NASDAQ, or LSE) (Dumontier and Raffournier, 1998; Tarca, 2004; Cuijpers and Buijink, 2005), improving transparency and comparability of financial reports, reducing information asymmetry between insiders and outside shareholders (Leuz and Verrecchia, 2000; Leuz, 2003), improving analyst forec”
A Review of Markets-Based International Accounting Research (2003, background): “Leuz (2003) finds no differences in bid-ask spreads, share turnover, and analysts’”
A review of the IFRS adoption literature (2016, background): “In a related study, Leuz (2003) compares the stock liquidity of firms in Germany’s former New Market that report under IAS with firms from the same market that adopt US GAAP. The author argues that except for differences in accounting regulations, these two groups of firms face identical regulations”
IFRS Adoption and Accounting Quality: A Review (2007, background): “Leuz (2003), however, contends that given a choice, firms that are interested in raising funds would prefer to have access to US capital markets.”
The informational contribution of social and environmental disclosures for investors (2010, background): “A firm’s analyst following is often used as a proxy for the level of other disclosures and the extent of a firm’ communication with financial analysts (Leuz, 2003).”
The introduction of International Accounting Standards in Europe: Implications for international convergence (2005, background): “Direct evidence on jurisdiction-specific differences in reporting incentives and reporting outcomes is provided by Leuz et al. (2003). Although their focus is on earnings management, several of their results have Introduction of International Accounting Standards in Europe 111”
Mandatory CSR and sustainability reporting: economic analysis and literature review (2019, methodology): “, outright lies) are probably taken more seriously than material omissions, and typically the lack of “material” CSR disclosure would fall under the latter category. See, for instance, Wasim (2019) for evidence suggesting lack of disclosure of material information on climate change risks.”
Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis (2010, neutral): “…more extensively rely on outside funding, have geographically dispersed operations, ore diffuse ownership, and are more likely domiciled in countries with low-quality local report- ng e.g., Dumontier and Raffournier 1998; Ashbaugh 2001; Leuz 2003; Cuijpers and Buijink 005; Christensen et al. 2007 .”
The continued survival of international differences under IFRS (2013, background): “(2011) and Nobes and Stadler (2012) study the influence of various factors in the context of IFRS. Cole et al. (2011) look at 34 IFRS options (expanded from the list in Nobes 2006) relating to 79 companies in four EU countries. They find that country is the most important determinant of policy choic”
The post-adoption effects of the implementation of International Financial Reporting Standards in Greece (2010, background): “…of International Financial Reporting Standards (IFRS) by listed firms that operate in member-states of the European Union, as of January 1, 2005, should assist investors in their decision-making and enhance stock market efficiency (Botosan & Plumlee, 2002; Healy & Palepu, 2001; Leuz, 2003).”
Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis (2021, neutral): “See, for example, Ball, Robin, and Wu (2003), Leuz (2003), and Burgstahler, Hail, and Leuz (2006).”
Applying IFRS in Germany: Determinants and Consequences (2006, neutral): “effect of differences in financial reporting, Leuz (2003) exploits a unique setting that presented itself at the German ‘Neuer Markt’.”