Business, Management and Accounting
4 years ago

Accounting Standards Fail to Restore Investor Confidence During Financial Crises

2 views
Accounting & taxation
The Impact of Ifrs Adoption during the 2008 Financial Crisis on the Relationship between Yield and Accounting Variables
Salem Lotfi Boumediene, Olfa Nafti, Emna Boumediene

Paper Summary

The 2008 financial crisis reduced the usefulness of accounting numbers due to investor distrust in international standards. The study focused on IAS-IFRS in France from 2006 to 2011, before and after the crisis. The crisis led to a decrease in the information content of accounting numbers.

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