Browsing by Subject "International Financial Reporting Standards"

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Effects of the IFRS introduction : perspective from an early stadium to the time after the mandatory adoption
(2009) Klein, Christian; Schrödl, Nicolas
Regulators? expectations to the IFRS introduction are high. In our analyses we measure by different variables for market liquidity how inter alia reporting quality and investors? preference developed with IFRS adopter and non IFRS adopter firms over the years, starting in the time of the early adoption. The results from around 35,000 firm year observations in eleven countries show that only particular adopter firms generally show higher liquidity values over the years. Overall we can observe a clear trend. Market liquidity values are significantly higher for IFRS adopter firms during the years before 2005, the year in which reporting of consolidated accounts according to IFRS became mandatory for basically all publicly traded companies within the European Union and several other countries. Predominantly these values decrease over the years and turn into an advance for non IFRS adopter firms in the years after the mandatory adoption. Concluding, the results are supportive for the investors? long term preference, after distorting influences during the adoption years, for the non IFRS adopter firms.
Die Leistungsfähigkeit des handelsrechtlichen Jahresabschlusses und des IFRS-Jahresabschlusses deutscher Erstversicherungsunternehmen: eine kritische Analyse aus der Sicht von Eigentümern und Versicherungsnehmern
(2008) Bacher, David F.; Hachmeister, Dirk
In recent years there has been a debate in Germany as to whether German GAAP accounting should be replaced by IFRS accounting. Besides that, it has been discussed how IFRS accounting regulations for insurers should be designed. In the view of these developments, this study compares three different types of financial statements - German GAAP financial statements, IFRS financial statements prepared under IFRSs as applicable at 31 December 2005, and fictitious IFRS financial statements, which are based on the Draft Statement of Principles (DSOP) - of German direct insurers and analyzes how well these different financial statements meet the needs of investors and policyholders. In the course of the study it is demonstrated that among these three different types of financial statements German GAAP financial statements show the most significant weaknesses and that consequently a transition to IFRS would be desirable from an investor's and policyholder's perspective.