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International Accounting Standardisation Effects on Business Management during the Global Financial Crisis

  • Gyorgy CSEBFALVI

    (University of Pecs, Hungary)

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    This study examined the impact of the adoption of international accounting standards on the management performance of businesses listed on the Budapest Stock Exchange in Hungary. The financial data are taken from accounts published on the Budapest Stock Exchange and in the Hungarian Business Information database. The adoption decision model tested if the demand from internal performance evaluations is a factor in businesses decisions to adopt international accounting standards during the global financial crisis situations. The results show that those businesses which have adopted international standards achieved higher and statistically significant positive coefficients than those following local accounting rules. We found that larger firms (those with more leverage, higher market capitalization and substantial foreign sales) were more likely to have adopted international accounting standards. This suggests that the increase in the sensitivity of turnover to accounting performance post-adoption is primarily driven by heightened turnover sensitivity to accounting losses.

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    File URL: http://www.rmci.ase.ro/no13vol1/17.pdf
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    Article provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT.

    Volume (Year): 13 (2012)
    Issue (Month): 1 (March)
    Pages: 158-166

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    Handle: RePEc:rom:rmcimn:v:13:y:2012:i:1:p:158-166
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