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Measuring The Effects Of Ifrs Adoption In Romania On Thevalue Relevance Of Accounting Data

Author

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  • Irina-Doina Pascan

    (‘Petru Maior‘ University of Tg. Mures Romania)

Abstract

In Romania, the entities listed on a regulated market must prepare their individualfinancial statements in accordance with the International Financial Reporting Standards (IFRS)starting with the financial year 2012. Since the IFRSs are considered high-quality accountingstandards, IFRS adoption should lead to improvement of the quality of financial reporting. In thispaper, we analyze the effect of mandatory IFRS introduction in Romania on accounting quality.Our main objective is to empirically test whether IFRS adoption in Romania increases the qualityof accounting data reported by Romanian entities listed on Bucharest Stock Exchange. The resultsof our analysis conducted over the years 2010-2013 suggest that IFRS adoption in Romaniagenerates an enhancement of accounting quality, registered especially in the case of informationabout the book value of equity.

Suggested Citation

  • Irina-Doina Pascan, 2014. "Measuring The Effects Of Ifrs Adoption In Romania On Thevalue Relevance Of Accounting Data," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(16), pages 1-24.
  • Handle: RePEc:alu:journl:v:2:y:2014:i:16:p:24
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    Keywords

    IFRS; accounting quality; value relevance; Romanian listed entities; Bucharest Stock Exchange;

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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