<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>The implementation of IFRS has been a significant milestone in the accounting field, sparking debates among advocates and critics regarding whether the initial objectives were actually achieved in practice. This paper aims to investigate whether the adoption of IFRS has led to an increase in the value relevance of financial statements in both Eastern and Western European countries. The study takes an empirical approach, analyzing companies before and after the adoption of IFRS, and introduces contemporary concepts that can contribute to future research. Policymakers rely on evidence-based policies and often seek impartial and reliable evidence from academic researchers. Given the extensive body of research conducted thus far, this paper seeks to further emphasize the positive impact of IFRS implementation.</p>
</abstract>

The implementation of IFRS has been a significant milestone in the accounting field, sparking debates among advocates and critics regarding whether the initial objectives were actually achieved in practice. This paper aims to investigate whether the adoption of IFRS has led to an increase in the value relevance of financial statements in both Eastern and Western European countries. The study takes an empirical approach, analyzing companies before and after the adoption of IFRS, and introduces contemporary concepts that can contribute to future research. Policymakers rely on evidence-based policies and often seek impartial and reliable evidence from academic researchers. Given the extensive body of research conducted thus far, this paper seeks to further emphasize the positive impact of IFRS implementation.

Impact of IFRS Adoption on Financial Statements Value Relevance. A Study of Eastern vs. Western European Countries

Studia Universitatis Babes-Bolyai Oeconomica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The implementation of IFRS has been a significant milestone in the accounting field, sparking debates among advocates and critics regarding whether the initial...

Impact of IFRS Adoption on Financial Statements Value Relevance. A Study of Eastern vs. Western European Countries

Published Online: Mar 23, 2024

Page range: 13 - 25

DOI: https://doi.org/10.2478/subboec-2023-0012

Keywords
IFRS, value relevance, financial reporting

© 2023 Antonia Cosmina Giuglea, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Impact of IFRS Adoption on Financial Statements Value Relevance. A Study of Eastern vs. Western European Countries

Published Online: Mar 23, 2024

Page range: 13 - 25

DOI: https://doi.org/10.2478/subboec-2023-0012

KeywordsIFRS, value relevance, financial reporting

© 2023 Antonia Cosmina Giuglea, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
IFRS, value relevance, financial reporting