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La pertinence informationnelle additionnelle des normes comptables internationales : comparaison entre les principaux marchés européens

  • Lionel Escaffre


    (Granem - Groupe de Recherche ANgevin en Economie et Management - UA - Université d'Angers - Agrocampus Ouest - Institut National de l'Horticulture et du Paysage)

  • Réda Sefsaf

    (Centre de recherche - LARGO - UA - Université d'Angers)

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    The establishment of IFRS led to a new philosophy of estimation and recovery of business performance in European markets. Our objective through this paper is to measure the impact and the degree of additional value relevance due to the adoption of IFRS in 2005. The results of empirical tests indicate different degrees of relevance depending on the additional financial market studied. For example, this relevance is estimated at 26.44% for Italy and - 74.95% for Great Britain.

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    Paper provided by HAL in its series Post-Print with number hal-00481511.

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    Date of creation: 10 May 2010
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    Publication status: Published in Crises et nouvelles problématiques de la Valeur, May 2010, Nice, France. pp.CD-ROM, 2010
    Handle: RePEc:hal:journl:hal-00481511
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    1. Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1997. "Legal Determinants of External Finance," NBER Working Papers 5879, National Bureau of Economic Research, Inc.
    2. Miguel Arce & Araceli Mora, 2002. "Empirical evidence of the effect of European accounting differences on the stock market valuation of earnings and book value," European Accounting Review, Taylor & Francis Journals, vol. 11(3), pages 573-599.
    3. King, Raymond D. & Langli, John Christian, 1998. "Accounting diversity and firm valuation," The International Journal of Accounting, Elsevier, vol. 33(5), pages 529-567.
    4. Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-33, March.
    5. Niskanen, Jyrki & Kinnunen, Juha & Kasanen, Eero, 2000. "The value relevance of IAS reconciliation components: empirical evidence from Finland," Journal of Accounting and Public Policy, Elsevier, vol. 19(2), pages 119-137, June.
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