Does International Financial Reporting Standards （IFRS） Adoption Matter？ The Effects on Financial Transparency and Earnings Management  

作　　者：Yen Tze-Yu Chang Ming-Lei Yeh Hsiao-Chian 

机构地区：[1]National Chung Cheng University, Chiayi, Taiwan [2]Yuan Ze University, Taoyuan, Taiwan

出　　处：《Journal of Modern Accounting and Auditing》2013年第6期756-776,共21页现代会计与审计（英文版）

摘　　要：This paper aims to examine whether or not the adoption of fair value accounting （FVA） has an effect on the level of information transparency and the degree of earnings management, to identify whether the legal institutions have powers to explain those effects of the adoption of FVA, and to explore the relationship between the effects of the adoption of FVA and several specific characteristics of the banking industry. By investigating the banking sectors of four Asian countries/regions including China, Hong Kong, the Philippines, and Singapore which have adopted International Financial Reporting Standards （IFRS）, this paper finds that after the application of FVA, the estimated cost of equity of the sampled banks significantly decreases and the relationship between banks＇ loan loss provisions （LLP） and earnings before provisions and tax （EBPT） becomes irrelevant. The evidence supports the effects of FVA adoption on the enhancement of accounting quality. In addition, sound legal/extra-legal systems are closely linked to the degree of accounting quality and still have a strong influence on FVA.

关 键 词：earnings management fair value accounting （FVA） information transparency legal institutions 

分 类 号：F275[经济管理—企业管理] F276.6[经济管理—国民经济]