Russian Accounting System: Value Relevance of Reported Information and the IFRS Adoption Perspective

Oksana Kim

The International Journal of Accounting, 2013, vol. 48, issue 4, 525-547

Abstract: In this paper I perform an empirical investigation into the value relevance of information reported by Russian public firms from two distinct perspectives. First, I document that prior to 2011, investors relied on information incorporated in the book value of equity. The value relevance of reported earnings, however, is different for “growth” versus “value” stocks. Second, I document that Russian leading firms listed on the London Stock Exchange that report in accordance with IFRS produce more value-relevant reports compared to their local peers that report under the Russian standards. This suggests that the mandatory IFRS adoption in Russia that will be completed by 2015 is likely to result in improved information quality.

Keywords: International Financial Reporting Standards (IFRS); Russian Accounting Standards (RAS); Value relevance; Accounting quality (search for similar items in EconPapers)
JEL-codes: M41 M48 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:accoun:v:48:y:2013:i:4:p:525-547

DOI: 10.1016/j.intacc.2013.10.007

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