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- Title
Company Board and Earnings Quality Preand Post-IFRS: Evidence from France and the U.K.
- Authors
NOURI, YOSR; ABAOUB, EZZEDDINE
- Abstract
This paper studies whether mandatory International Financial Reporting Standards (IFRS) adoption affects the effectiveness of a company board. We opt for board independence, audit committee and remuneration committee as characteristics of company board. The sample includes France, which had national accounting standards divergent from IFRS, and the U.K., which had national accounting standards close to IFRS. We expect that corporate board is more effective in limiting earnings management and in improving earnings relevance following IFRS adoption in France and not in the U.K. The results of the research confirm our prediction, revealing that IFRS increases the effectiveness of corporate board, measured by its ability to improve earnings quality, in the French context. However, in the U.K. context, no significant difference is observed in company board's effectiveness between IFRS and the U.K. Generally Accepted Accounting Principles (UK-GAAP).
- Subjects
INTERNATIONAL Financial Reporting Standards; FINANCIAL performance; FINANCIAL statements; CORPORATE profits; BUSINESS revenue; BUSINESS enterprises
- Publication
Quarterly Journal of Finance & Accounting, 2016, Vol 54, Issue 3/4, p15
- ISSN
1939-8123
- Publication type
Article