BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Klimczak Karol Marek (Akademia Leona Koźmińskiego w Warszawie), Mulenga John (Akademia Leona Koźmińskiego w Warszawie)
Title
Do Polish Accountants Produce Useful Financial Reports?
Source
Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia, 2009, nr 17, s. 427-434, tab., bibliogr. 12 poz.
Keyword
Sprawozdanie finansowe, Raportowanie, Rachunkowość, Międzynarodowe Standardy Sprawozdawczości Finansowej (MSSF)
Financial statements, Reporting, Accounting, International Financial Reporting Standard
Note
streszcz., summ..
Abstract
This paper investigates the changes in value relevance of accounting earnings after the adoption of International Financial Reporting Standards (IFRS) in Poland in 2005. We use a sample of annual reports of Polish listed companies for three years, from 2004 to 2006, to determine the correlation between stock rates of return and earnings yield per book value. Results show that adoption of IFRS has a significant, negative impact on the relevance of accounting earnings. (original abstract)
Accessibility
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Szczecin University Main Library
Bibliography
Show
  1. Ball R., Brown P.: An Empirical Evaluation of Accounting Income Numbers. "Journal of Accounting Research" 1968, Yol. 6, Issue 2.
  2. Ball R., Kothari S. P., Robin A.: The Effect of International Institutional Factors on Properties of Accounting Earnings. "Journal of Accounting and Economics" 2000, Vol. 29 (1).
  3. Bartov E., Goldberg S., Kim M.: Comparative Value Relevance Among German, U.S., and International Accounting Standards: A German Stock Market Perspective. "Journal of Accounting, Auditing & Finance" 2005, Vol. 20(2).
  4. Callao S., Jarne J.I., Lainez J.A.: Adoption of IFRS in Spain: Effect on the comparability and relevance of financial reporting. "Journal of International Accounting, Auditing and Taxation" 2007, Vol. 16.
  5. Dhaliwal D., Subramanyam K.R., Trezevant R.: Is comprehensive income superior to net income as measure of firm performance? "Journal of Accounting and Economics" 1999, Vol. 26.
  6. Dumontier P., Raffournier B.: Accounting and capital markets: a survey of the European evidence. "European Accounting Review" 2002, Vol. 11(1).
  7. Easton P.D., Harris T.S., Ohlson J.A.: Aggregate accounting earnings can explain most of security returns. "Journal of Accounting & Economics" 1992, Vol. 15(2/3).
  8. Jaruga A., Fijałkowska J., Jaruga-Baranowska M., Frendzel M.: The Impact of IAS/IFRS on Polish Accounting Regulations and their Practical Implementation in Poland. "Accounting in Europe" Vol. 4, No. 1.
  9. Jermakowicz E.K., Prather-Kinsey J., Wulf I.: The Value Relevance of Accounting Income Reported by DAX-30 German Companies. "Journal of International Financial Management & Accounting" 2007, Vol 18(3).
  10. Klimczak K.M.: Testing Value Relevance of Accounting Earnings: Theory and method. In: General Accounting Theory: Evolution and Design for Efficiency. Ed. I. Górowski. WAiP, Warszawa 2008.
  11. Ohlson J.A.: Earnings, Book Values, and Dividends in Equity Valuation. "Contemporary Accounting Research" 1995, Vol. 11, No. 2.
  12. Watts R.L., Holthausen R.W.: The Value Relevance Literature for Accounting Standard Setting. "Journal of Accounting & Economics" 2001, Vol 31.
Cited by
Show
ISSN
1640-6818
1733-2842
Language
eng
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu