Analysing brokers' expertise: did analysts fully anticipate the impact of IFRS adoption on earnings ? The European evidence

F. Aubert and Pascal Dumontier
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F. Aubert: CRCGM - Centre de Recherche Clermontois en Gestion et Management - UdA - Université d'Auvergne - Clermont-Ferrand I - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand
Pascal Dumontier: CERAG - Centre d'études et de recherches appliquées à la gestion - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique

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Abstract: Since 2005, all European Union listed firms comply with IFRS. The resulting mandatory changes in accounting methods have substantially affected reported earnings. Using the factSet/JCF database that collects 2005 earnings forecast based on both IFRS and local GAAP for a set of European listed companies, this research document whether financial analysts were sophisticated enough to anticipate the impact of the new accounting rules on the determination of earnings.

Keywords: IFRS; Europe; accounting methods; earnings (search for similar items in EconPapers)
Date: 2009
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00533080v1
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Published in 2009, 21p

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