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Changes in Conservatism after the Adoption of the IFRS: Evidence from Romania

Brad Laura (), Radu Ciobanu () and Dobre Florin ()
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Brad Laura: The Bucharest University of Economic Studies
Dobre Florin: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 670-675

Abstract: Starting with 2012, the Romanian entities had to comply with international regulation in reporting their individual financial statements. As a fact, several elements could have been changed, including their level of conservatism. The purpose of this research is to provide evidence about the level of conservatism that the Romanian entities have considering their size, their market to book ratio (MBR) and their level of indebtedness after the adoption of the new regulation. The research is conducted on panel data models, using a four year period of time for estimation. The results show that for MBR and for indebtedness indicator, the entities have higher good news timeliness, while for size and for indebtedness variables they have higher asymmetric timeliness after the adoption of the International Financial Reporting Standards (IFRS)

Keywords: Conservatism; Romania; IFRS; good news timeliness; higher asymmetric timeliness. (search for similar items in EconPapers)
JEL-codes: M20 M41 (search for similar items in EconPapers)
Date: 2015
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