Impact of IFRS on non-cross-listed Spanish companies: Financial analysts and volume of trade

  1. Sonia Sanabria-García 1
  2. Pascual Garrido-Miralles 1
  1. 1 Universitat d'Alacant
    info

    Universitat d'Alacant

    Alicante, España

    ROR https://ror.org/05t8bcz72

Revista:
European Research on Management and Business Economics

ISSN: 2444-8834

Año de publicación: 2020

Volumen: 26

Número: 2

Páginas: 78-86

Tipo: Artículo

DOI: 10.1016/J.IEDEEN.2020.04.001 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: European Research on Management and Business Economics

Resumen

This study aims to analyse, within the scope of publicly listed Spanish companies, whether the mandatory implementation of International Financial Reporting Standards (IFRS) has had an effect on financial analysts’ earnings forecasts and investments in non-cross-listed Spanish companies (those only listed on the Spanish capital market). A sample of 369 observations for companies listed on the Spanish securities market for the period 2004–2007, of which 84 are cross-listed, was used to perform the analysis. The results show that the transition from domestic to international accounting standards has had positive effects for non-cross-listed Spanish companies, leading to the improved accuracy of financial analysts’ earnings forecasts and an increase in investments.

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Fuente de los datos: Dialnet