The impact of introducing estimates of the future on international comparability in earnings expectations

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The impact of introducing estimates of the future on international comparability in earnings expectations

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dc.contributor.author Dargenidou, Christina en_US
dc.contributor.author McLeay, Stuart en_US
dc.date.accessioned 2012-02-21T11:52:52Z en_US
dc.date.accessioned 2013-03-20T11:14:20Z
dc.date.issued 2010 en_US
dc.description.abstract The objective of this paper is to assess whether the inclusion of improved estimates of the future in corporate annual financial statements has brought about greater international comparability. It is argued that including more relevant information in financial reporting enables users to estimate earnings that are more able to reflect current economic conditions and up-to-date expectations of the future and thus recognize news in a more timely manner. To reflect the underlying economics of integrating financial markets, earnings expectations must be not only more timely but also more comparable. Thus, in examining the increasingly widespread adoption of International Financial Reporting Standards, this study considers both the timeliness and the comparability of earnings expectations in the European Union, before and after the mandatory IFRS implementation. The empirical findings support the view that users’ earnings estimates have indeed become more timely in recognizing market news and significantly more comparable. en_GB
dc.identifier.citation European Accounting Review, Vol. 19, Issue 3, 2010, p.511-534 en_GB
dc.identifier.doi 10.1080/09638180.2010.496550 en_US
dc.identifier.uri http://hdl.handle.net/10036/3407 en_US
dc.language.iso en en_GB
dc.publisher Routledge en_GB
dc.relation.url http://xfi.exeter.ac.uk/workingpapers/0908.pdf en_GB
dc.subject earnings forecasts en_GB
dc.subject comparability en_GB
dc.subject timeliness en_GB
dc.subject international financial reporting standards en_GB
dc.subject measurement bases en_GB
dc.title The impact of introducing estimates of the future on international comparability in earnings expectations en_GB
dc.type Article en_GB
dc.date.available 2012-02-21T11:52:52Z en_US
dc.date.available 2013-03-20T11:14:20Z
dc.contributor.editor Schipper, K en_US
dc.contributor.editor Trombetta, M en_US
dc.identifier.issn 0963-8180 en_US
exeter.contacts.depositing-owner-email Dargenidou, Christina <C.Dargenidou@exeter.ac.uk> en_US
exeter.contacts.impersonator-email Overy, Patrick <P.C.Overy@exeter.ac.uk> en_US
exeter.contacts.owner-email Dargenidou, Christina <C.Dargenidou@exeter.ac.uk> en_US
dc.description Working paper; final version published in European Accounting Review; available online at http://www.tandfonline.com/ en_GB
dc.identifier.eissn 1468-4497 en_US
dc.identifier.journal European Accounting Review en_GB
pubs.organisational-data /Symplectic Joint Venture en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter/All Exeter Users en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter/University of Exeter Business School en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter/University of Exeter Business School/All Academic Staff (UEBS) en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter/University of Exeter Business School/All Researchers (R+T&R) (UEBS) en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter/University of Exeter Business School/Centre for Finance & Investment (XFI) en_US
pubs.organisational-data /Symplectic Joint Venture/Exeter/University of Exeter Business School/Teaching & Research (T&R) (UEBS) en_US


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