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Impact of the IFRS and US-GAAP on economic-financial indicators

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  • Ilse Maria Beuren
  • Nelson Hein
  • Roberto Carlos Klann
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    Abstract

    Purpose – The paper seeks to analyze the impact of differences between the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles in the United States (US GAAP) in the economic-financial indicators of English companies. Design/methodology/approach – The research is characterized as descriptive-quantitative, using regression and correlation analysis. The study was developed on 37 English companies that negotiate American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE). Documental research consisted of accounting statements (AS) from 2005 sent to the London Stock Exchange (LSE) and to the NYSE. Findings – The research shows percentage differences in the economic-financial indicators of English companies, calculated based on AS sent to the LSE and the NYSE that suggest divergences between the IFRS and the US GAAP. However, analysis of regression and correlation indicate significant correlation between the differences of these indicators. Thus, it was concluded that the economic-financial indicators are not affected in a significant way by the divergences in the accounting standards considered. Research limitations/implications – As limitations, the economic-financial indicators chosen can be pointed out. Therefore, in the individual analysis of each indicator and of each company there are greater or lesser differences that are dependent on the existence of the elements that possess difference in the applicable norms and their sums. Originality/value – The focus of this study is the information asymmetry that results from the differences between accounting standards that are applied. It is intended to advance research with a study of the impact provoked in the economic-financial indicators from a sample of companies that release AS in IFRS and US GAAP.

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    File URL: http://www.emeraldinsight.com/journals.htm?issn=0268-6902&volume=23&issue=7&articleid=1737894&show=abstract
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    Bibliographic Info

    Article provided by Emerald Group Publishing in its journal Managerial Auditing Journal.

    Volume (Year): 23 (2008)
    Issue (Month): 7 (July)
    Pages: 632-649

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    Handle: RePEc:eme:majpps:v:23:y:2008:i:7:p:632-649

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    Related research

    Keywords: Accounting standards; Disclosure; Stock exchanges;

    References

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    1. Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 1998. "Corporate Ownership Around the World," NBER Working Papers 6625, National Bureau of Economic Research, Inc.
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    Cited by:
    1. Bastida, Ramón & Carreras Roig, Lluís, 2013. "Empirical study about the effects of the application of IAS 32 in Cooperatives," Working Papers 2072/220216, Universitat Rovira i Virgili, Department of Economics.

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