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When did analyst forecast accuracy benefit from increased cross-border comparability following IFRS adoption in the EU?

Jirada Petaibanlue, Martin Walker and Edward Lee

International Review of Financial Analysis, 2015, vol. 42, issue C, 278-291

Abstract: We examine the comparability benefits for analyst forecast accuracy following IFRS adoption in the EU. We argue that improvements in forecast accuracy are more likely to follow when IFRS implementation increases the number of closely relevant peer firms. To test this idea, we derive a firm-specific Expected Comparability Benefit (ECB) score as the number of industry-size matched foreign peers newly adopting IFRS.

Keywords: Analyst forecast accuracy; Comparable firms; Cross-border comparability; International Financial Reporting Standards (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:42:y:2015:i:c:p:278-291

DOI: 10.1016/j.irfa.2015.08.004

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