مقاله انگلیسی رایگان در مورد عرضه عمومی اولیه اوراق بهادار و IFRS در بازارهای تحت نظارت بورس – الزویر 2018

 

مشخصات مقاله
ترجمه عنوان مقاله عرضه عمومی اولیه اوراق بهادار و IFRS در بازارهای اروپایی تحت نظارت بورس
عنوان انگلیسی مقاله IPOs and IFRS in European exchange-regulated markets: A research note
انتشار مقاله سال 2018
تعداد صفحات مقاله انگلیسی 9 صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه الزویر
نوع نگارش مقاله
مقاله پژوهشی (Research Article)
مقاله بیس این مقاله بیس نمیباشد
نمایه (index) Scopus – Master Journal List – JCR
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
ایمپکت فاکتور(IF)
2.093 در سال 2017
شاخص H_index 58 در سال 2019
شاخص SJR 0.910 در سال 2017
شناسه ISSN 0278-4254
شاخص Quartile (چارک) Q1 در سال 2017
رشته های مرتبط حسابداری، اقتصاد
گرایش های مرتبط حسابداری مالی، اقتصاد مالی
نوع ارائه مقاله
ژورنال
مجله  مجله حسابداری و سیاست عمومی – Journal of Accounting and Public Policy
دانشگاه Erasmus University Rotterdam, The Netherlands
کلمات کلیدی بازار های تحت نظارت بورس، پذیرش IFRS، سرمایه گذاران نهادی
کلمات کلیدی انگلیسی Exchange-regulated markets، IFRS adoption، Institutional investors
شناسه دیجیتال – doi
https://doi.org/10.1016/j.jaccpubpol.2018.09.005
کد محصول E11111
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
دانلود رایگان مقاله دانلود رایگان مقاله انگلیسی
سفارش ترجمه این مقاله سفارش ترجمه این مقاله

 

فهرست مطالب مقاله:
Abstract

1- Introduction

2- Exchange-regulated markets

3- Voluntary IFRS adoption

4- Data and research design

5- Results

6- Conclusion

References

بخشی از متن مقاله:

Abstract

This research note aims to enrich our understanding of reporting incentives of firms listed in European exchange-regulated markets. Many initial public offerings (IPOs) in Europe are within exchange-regulated markets where firms are allowed to choose between local GAAP and IFRS. Therefore, this research note describes the regulatory environment and investigates the choice to voluntarily adopt IFRS within European exchange-regulated markets. Overall, less than 20% of the firms voluntarily adopt IFRS and voluntary IFRS adoption upon IPO is positively associated with firm size, foreign firms, stocks offered to institutional investors prior to the IPO, and a future migration to an EU-regulated market.

Introduction

Regulation 2002/1606/EC (European Commission, 2002) requires publicly listed European firms to prepare their consolidated financial statements in accordance with IFRS only if they are listed in an EU-regulated market. Hence, this does not apply to exchange-regulated markets (2002/1606/EC, Article 4) and firms can choose between local GAAP and IFRS.1 Generally, the literature finds positive capital market effects of IFRS adoption (see Brüggemann et al. (2013) for a review). In turn, this leads to the question why the vast majority of firms did not voluntarily adopt IFRS (Christensen, 2012). This study contributes to the question to what extent and why firms voluntarily adopt IFRS in an unexplored setting. Prior evidence of voluntary IFRS adoption cannot be generalized to the exchange-regulated markets because firms that perform an IPO in the exchange-regulated markets are different from firms that perform an IPO in a EU-regulated market: They are more likely to be owned by private investors prior to the IPO, place relatively few shares within the IPO, and are smaller than their counterparts from EU-regulated markets. Therefore, the aim of this research note is to describe the regulatory environment and to investigate (i) the ratio of voluntary adopters and (ii) the determinants of voluntary adoption of IFRS in the European exchange-regulated markets of Amsterdam, Brussels, Lisbon, Frankfurt, and Paris. To the best of my knowledge, this research note is the first to examine voluntary IFRS adoption of public firms after IFRS became mandatory for most European public firms in 2005. First, I find that overall less than 20% of the firms listed in these exchange-regulated markets voluntarily adopt IFRS.

دیدگاهتان را بنویسید

نشانی ایمیل شما منتشر نخواهد شد. بخش‌های موردنیاز علامت‌گذاری شده‌اند *

دکمه بازگشت به بالا