Analysing brokers' expertise : did analysts fully anticipate the impact of IFRS adoption on earnings ? The European evidence
Résumé
Since 2005, all European Union listed firms comply with IFRS. The resulting mandatory changes in accounting methods have substantially affected reported earnings. Using the factSet/JCF database that collects 2005 earnings forecast based on both IFRS and local GAAP for a set of European listed companies, this research document whether financial analysts were sophisticated enough to anticipate the impact of the new accounting rules on the determination of earnings.
Domaines
Gestion et managementOrigine | Fichiers produits par l'(les) auteur(s) |
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