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Eastern and Western European firms public and private information quality: The comparative impact of degree of implementation of IFRS

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  • Djatej, Arsen
  • Gao, Grace
  • Sarikas, Robert H.S.
  • Senteney, David L.

Abstract

We investigate the quality of public and private information environments between Western European or Eastern European firms. We find that the quality of private information is higher for Eastern European than for Western European firms and the quality of public information is higher for Western European than for Eastern European firms. Further, the degree of implementation of IFRS increases the quality of public information and decreases the quality of private information for both Eastern European and Western European countries with decreasing marginal benefits. Nonetheless we find IFRS comparatively more beneficial for firms from Eastern European countries than for firms from Western European countries.

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  • Djatej, Arsen & Gao, Grace & Sarikas, Robert H.S. & Senteney, David L., 2011. "Eastern and Western European firms public and private information quality: The comparative impact of degree of implementation of IFRS," Emerging Markets Review, Elsevier, vol. 12(2), pages 111-129, June.
    • Handle: RePEc:eee:ememar:v:12:y:2011:i:2:p:111-129
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    1. Hyun Duk Lee & Frederick Dongchuhl Oh & Junghum Park, 2022. "The impact of mandatory K‐IFRS adoption on IPO underpricing," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 1101-1119, January.
    2. Zhang, Yuyang & Uchida, Konari & Bu, Hua, 2013. "How do accounting standards and insiders' incentives affect earnings management? Evidence from China," Emerging Markets Review, Elsevier, vol. 16(C), pages 78-99.
    3. Jonnergård, Karin & von Koch, Christopher & Nilsson, Ola, 2020. "Information environment – An exploration and clarification of the concept based on prior literature," Advances in accounting, Elsevier, vol. 50(C).
    4. Golubeva, Olga, 2023. "Accounting for transition: A literature review," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 51(C).
    5. Nnadi, Matthias & Soobaroyen, Teerooven, 2015. "International financial reporting standards and foreign direct investment: The case of Africa," Advances in accounting, Elsevier, vol. 31(2), pages 228-238.

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