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Les IFRS et l'utilité informationnelle du résultat global en Europe : le rôle des cabinets d'audit

  • Rémi Janin

    (CERAG - Centre d'études et de recherches appliquées à la gestion - Grenoble 2 UPMF - Université Pierre Mendès France - CNRS)

  • Charles Piot


    (CERAG - Centre d'études et de recherches appliquées à la gestion - Grenoble 2 UPMF - Université Pierre Mendès France - CNRS)

  • Pascal Dumontier


    (CERAG - Centre d'études et de recherches appliquées à la gestion - Grenoble 2 UPMF - Université Pierre Mendès France - CNRS)

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    We study the effects of IFRS adoption in Europe on the value relevance of both the net income and comprehensive income, and the impact of Big 4 on this value relevance. We use an extensive database of more than 5000 adopters from 22 European countries. Our main findings are: the adoption of IFRS has enhanced the value relevance of both accounting performance measures; Big 4 auditors are associated with a more value relevant comprehensive income under IFRS than under local standards. These results suggest that IFRS improve the usefulness of accounting information to investors and that the contribution of Big 4 auditors in favor of earnings quality is more under IFRS than under local standards, especially for the comprehensive income.

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    Paper provided by HAL in its series Post-Print with number hal-00691014.

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    Date of creation: 21 May 2012
    Date of revision:
    Publication status: Published in Comptabilités et innovation, May 2012, Grenoble, France., 2012
    Handle: RePEc:hal:journl:hal-00691014
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    1. R. Janin & C. Piot, 2008. "L'influence des auditeurs externes et des comités d'audit sur le contenu informatif des manipulations comptables," Post-Print halshs-00365223, HAL.
    2. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-41, August.
    3. Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, . "Law and Finance," Working Paper 19451, Harvard University OpenScholar.
    4. Dhaliwal, Dan & Subramanyam, K. R. & Trezevant, Robert, 1999. "Is comprehensive income superior to net income as a measure of firm performance?1," Journal of Accounting and Economics, Elsevier, vol. 26(1-3), pages 43-67, January.
    5. Olivier Ramond & Jean-François Casta & Laurent Batsch, 2007. "Résultat et performance financière en normes IFRS : Quel est le contenu informatif du Comprehensive Income ?," Post-Print halshs-00165038, HAL.
    6. Philippe Van Cauwenberge & Ignace De Beelde, 2007. "On the IASB comprehensive income project: an analysis of the case for dual income display," Abacus, Accounting Foundation, University of Sydney, vol. 43(1), pages 1-26.
    7. Dechow, Patricia M., 1994. "Accounting earnings and cash flows as measures of firm performance : The role of accounting accruals," Journal of Accounting and Economics, Elsevier, vol. 18(1), pages 3-42, July.
    8. DeAngelo, Linda Elizabeth, 1981. "Auditor size and audit quality," Journal of Accounting and Economics, Elsevier, vol. 3(3), pages 183-199, December.
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