Financial statement effects of adopting international accounting standards: the case of Germany

被引：291

作者：

Hung, Mingyi ^{[1
]}

Subramanyam, K. R. ^{[1
]}

机构：

[1] Univ So Calif, Marshall Sch Business, Leventhal Sch Accounting, Los Angeles, CA 90089 USA

来源：

REVIEW OF ACCOUNTING STUDIES | 2007年 / 12卷 / 04期

关键词：

International Accounting Standards; Germany; fair-value accounting;

D O I：

10.1007/s11142-007-9049-9

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using a sample of German firms, we investigate the financial statement effects of adopting International Accounting Standards (IAS) during 1998 through 2002. We find that total assets and book value of equity, as well as variability of book value and income, are significantly higher under IAS than under German GAAP (HGB). In addition, book value and income are no more value relevant under IAS than under HGB, and HGB (IAS) income is highly persistent (transitory). Finally, we find weak evidence that IAS income exhibits greater conditional conservatism than HGB income. Our results are consistent with the fair-value (income smoothing) orientation of IAS (HGB).

引用

页码：623 / 657

页数：35

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