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When did analyst forecast accuracy benefit from increased cross-border comparability following IFRS adoption in the EU?

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  • Petaibanlue, Jirada
  • Walker, Martin
  • Lee, Edward

Abstract

We examine the comparability benefits for analyst forecast accuracy following IFRS adoption in the EU. We argue that improvements in forecast accuracy are more likely to follow when IFRS implementation increases the number of closely relevant peer firms. To test this idea, we derive a firm-specific Expected Comparability Benefit (ECB) score as the number of industry-size matched foreign peers newly adopting IFRS.

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  • Petaibanlue, Jirada & Walker, Martin & Lee, Edward, 2015. "When did analyst forecast accuracy benefit from increased cross-border comparability following IFRS adoption in the EU?," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 278-291.
    • Handle: RePEc:eee:finana:v:42:y:2015:i:c:p:278-291
    DOI: 10.1016/j.irfa.2015.08.004
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