Impact of IFRS: evidence from Spanish listed companies

Mariano Gonzalez Sanchez, Juan M. Nave and David Toscano

International Journal of Accounting & Information Management, 2014, vol. 22, issue 2, 157-172

Abstract: Purpose - – In this paper, the authors aim to analyze the impact of International Financial Reporting Standards' (IFRS) mandatory adoption on the financial statements of Spanish listed companies. Design/methodology/approach - – The authors estimate a panel data model by generalized least squares' within-between in order to contrast the possible structural breaks in the relations between income statement items and balance sheet items, using data from the 35 largest listed companies. Findings - – The results show significant changes on these relations, but with different signs and degrees of intensity depending on the balance sheet item analyzed. Research limitations/implications - – The data choice introduces a size bias that could be taken into account in the generalization of the results to other listed companies. Originality/value - – This work is developed using a mandatory, local, accounting and panel data framework for first time using Spanish listed companies in order to measure the impact of the IFRS adoption.

Keywords: Finance; Listed companies; Accounting; Panel data; Spain; Financial statements; International Accounting Standards; Mandatory adoption (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijaimp:v:22:y:2014:i:2:p:157-172

DOI: 10.1108/IJAIM-03-2014-0016

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