Analyst Following and Forecast Accuracy After Mandated IFRS Adoptions

By Hongping Tan, Shiheng Wang, Michael Welker. 2011

395 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/e5ecf6c6fb17504c985f97e5e4918f152afff4d9

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Citations in the corpus

Do Analysts Understand the Economic and Reporting Complexities of Derivatives (2016, positive): “These estimates are similar to those for other extensive changes in firms’ financial reporting practices (Tan et al. 2011).”
Mandatory IFRS Adoption and Financial Statement Comparability (2013, background): “Similarly, Tan et al. (2011) documents that analyst coverage is increasing in the extent to which IFRS adoption eliminates differences in standards between the firm’s country and that of the analyst.”
Mandatory IFRS Reporting and Changes in Enforcement (2013, background): “JEL classification: G14, G15, G30, K22, M41, M48 Key Words: International accounting, IFRS implementation, Regulation, Enforcement, Liquidity, European Union * We appreciate the helpful comments of an anonymous referee, Mary Barth (our discussant), Bob Holthausen, S.P. Kothari, Dave Larcker, Eddie…”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, methodology): “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).”
Incentives or Standards: What Determines Accounting Quality Changes around IFRS Adoption? (2015, background): “Existing studies also document IFRS benefits through alternative indicators such as analyst forecast accuracy (Byard et al. 2010; Tan et al., 2011).”
Intended and Unintended Consequences of Mandatory IFRS Adoption: A Review of Extant Evidence and Suggestions for Future Research (2013, positive): “…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).”
A review of the IFRS adoption literature (2016, background): “23 Truong (2012) provides corroborative evidence based on analysis of New Zealand firms.”
Does Mandatory IFRS Adoption Affect Crash Risk (2015, neutral): “…has favorable capital market consequences, including reducing the cost of capital, increasing liquidity, improving firms' information environments, and increasing financial reporting comparability (e.g., Daske et al., 2008; Li, 2010; Byard et al., 2011; DeFond et al., 2011; Tan et al., 2011).”
Does a common set of accounting standards affect tax-motivated income shifting for multinational firms? (2016, background): “Other IFRS studies examine cross-border investment (e.g., DeFond et al., 2011) and analyst coverage and forecasts (e.g., Byard et al., 2011; Horton et al., 2012; Tan et al., 2011).”
Mandatory IFRS adoption: the trade-off between accrual-based and real earnings management (2017, background): “…cost of capital (Daske et al. 2008, Li 2010), greater foreign investment (Covrig et al. 2007, Amiram 2012), a larger number of analysts following, reduced analyst dispersion (Byard et al. 2011, Tan et al. 2011), and higher information content of earnings announcements (Landsman et al. 2012).”