International Accounting Standards and Capital Costs - State of Empirical Research

Účetnictví podle mezinárodních standardů a náklady kapitálu - stav empirických výzkumů

Miloš Mařík

Český finanční a účetní časopis, 2007, vol. 2007, issue 2, 73-78

Abstract: The reviewed article deals with possibility of research of benefits from transition to international accounting standards. These benefits are seen especially in possibility to improve investors' knowledgeableness, thereby to reduce risk for investors and to reduce capital costs. However recapitulation of studies results shows that initial hypothesis failed to be validated. The author assumes that further research will bring better results. But his expectation is not too realistic. It is evident that it will be hardly possible sometimes to confirm empirically this hypothesis due to limited ability to measure capital costs and to single out an effect of international accounting standards introduction.

Keywords: International Accounting Standards; Capital costs; Mezinárodní účetní standardy; Náklady kapitálu (search for similar items in EconPapers)
JEL-codes: G30 M40 (search for similar items in EconPapers)
Date: 2007
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DOI: 10.18267/j.cfuc.223

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