Does an IFRS adoption increase value relevance and earnings timeliness in Latin America?
Martha del Pilar Rodríguez García,
Klender Aimer Cortez Alejandro,
Alma Berenice Méndez Sáenz and
Héctor Horacio Garza Sánchez
Emerging Markets Review, 2017, vol. 30, issue C, 155-168
This study analyzes whether changing from local to international accounting standards improves the quality of accounting for Latin American companies. In particular, we aim to identify whether fundamental accounting variables are more relevant and increase earnings timeliness after companies adopt the International Financial Reporting Standards. This research was conducted during 2000–2014 using a sample of 923 companies from Argentina, Brazil, Chile, and Mexico. Employing panel data and quantile regression, our findings show that changes from local accounting regulations to internationally approved standards increase the value relevance. In addition, the results suggest the presence of earnings timeliness in large firms.
Keywords: Earnings timeliness; IFRS; Latin America; Quantile regression; Value relevance (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:30:y:2017:i:c:p:155-168
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