The impact of IFRS 8 on the cost of equity capital

L’impact de l’IFRS 8 sur le coût des capitaux propres

Gaëlle Lenormand () and Lionel Touchais ()
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Gaëlle Lenormand: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Lionel Touchais: CEROS - Centre d'Etudes et de Recherches sur les Organisations et la Stratégie - UPN - Université Paris Nanterre

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Abstract: This article measures the impact of IFRS 8 on the informational content of segment data. With a sample of French groups, we find a reduction of the cost of equity for firms changing the number of segments with IFRS 8. In this situation, IFRS 8 improves the usefulness of information to the shareholders thanks to a change in segmentation. This result confirms the IASB's expectation and conclusion about IFRS 8.

Keywords: IAS 14; IFRS 8; segment reporting; cost of equity (search for similar items in EconPapers)
Date: 2017
Note: View the original document on HAL open archive server: https://hal.parisnanterre.fr/hal-01737294
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Published in Revue management & avenir, 2017, 92 (2), pp.133-152. ⟨10.3917/mav.092.0133⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01737294

DOI: 10.3917/mav.092.0133

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