IMPACT OF IFRS TRANSITION ON FIRM-VALUATION, AN ACCRUALS ANALYSIS ON BSE COMPANIES

Student Valentin Burca Ph.D and Professor Mariana Nagy Ph.D
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Student Valentin Burca Ph.D: West University of Timisoara Faculty of Economics and Business Administration, Timisoara, Romania
Professor Mariana Nagy Ph.D: ,,Aurel Vlaicu’’ University Faculty of Exact Sciences, Arad, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2013, vol. 1, issue 21, 26-45

Abstract: Financial reporting environment has registered an enormous number of changes in the last decade. In international financial actors attention was confirmed the preoccupation toward a global harmonization of national accounting regulations. Around IASB efforts, along a significant time frame, there has been recorded a great success with the actual international accounting convergence process. But, there is still progress to achieve, especially regarding statutory financial reporting, where political, economic, financial, and cultural factors persist to make pressure in the process of accounting normalization. This study represents an empirical analysis of the accruals recorder by companies listed on BSE before and after the implementation of IFRS on preparing annual financial reports. It, also, tries to underline several determinants of the accruals quality and relate to the financial information usefulness in firm valuation. Overall, the conclusion is that there are no significant differences before and after IFRS implementation regarding the connection between cash flow and accruals level.

Keywords: IFRS; accrual-accounting model; firm-valuation model; DCF.; regression. (search for similar items in EconPapers)
JEL-codes: G33 M40 M41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2013:i:21:p:26-45

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