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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
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00691014
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    References listed on IDEAS

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    1. Anne Cazavan-Jeny & Thomas Jeanjean, 2009. "IFRS1 : « Il faut tout changer pour que rien ne change »," Comptabilité - Contrôle - Audit, Association francophone de comptabilité, vol. 15(1), pages 105-131.
    2. 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.
    3. Olivier Ramond & Laurent Batsch & Jean-François Casta, 2007. "Résultat et performance financière en normes IFRS : Quel est le contenu informatif du comprehensive income ?," Comptabilité - Contrôle - Audit, Association francophone de comptabilité, vol. 13(3), pages 129-154.
    4. 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.
    5. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    6. 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.
    7. 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 615-641, August.
    8. 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.
    9. 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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    More about this item

    Keywords

    Comprehensive income; earnings quality; external audit; IFRS; Résultat global; qualité du résultat; audit externe;

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