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

Author

Listed:
  • Rémi Janin

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

  • Charles Piot

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

  • Pascal Dumontier

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

Abstract

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.

Suggested Citation

  • Rémi Janin & Charles Piot & Pascal Dumontier, 2012. "Les IFRS et l'utilité informationnelle du résultat global en Europe : le rôle des cabinets d'audit," Post-Print hal-00691014, HAL.
    • Handle: RePEc:hal:journl:hal-00691014
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