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  4. Did the Adoption of IAS/IFRS by German Firms in 2005 Improve Earnings’ Predictive Power with regard to Forecasting Future Operating Cash Flows?: An Empirical Analysis of German Publicly Listed Firms
 
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Did the Adoption of IAS/IFRS by German Firms in 2005 Improve Earnings’ Predictive Power with regard to Forecasting Future Operating Cash Flows?: An Empirical Analysis of German Publicly Listed Firms

Journal
Proceedings of the ... annual International Conference on Accounting and Finance
ISSN
2251-1997
Type
conference paper
Date Issued
2013-05-20
Author(s)
Berndt, Thomas  
Gossner, Stephan  
DOI
10.5176/2251-1997_AF13.74
Abstract
This study examines whether the adoption of International Accounting Standards and International Financial Reporting Standards by German firms in 2005 improved earnings' predictive power with regard to forecasting future operating cash flow. We consider earnings' predictive power as one dimension of accounting quality. We use a data sample of German DAX and MDAX firms ranging from 2001 to 2011. The sample is split into two distinct subsamples (time period before and after 2005, the year of the adoption of International Accounting Standards) to test whether earnings' predictive power has changed. We employ a disaggregated cash flow forecasting model in which earnings are split into the components cash flow and accruals. Accruals are further decomposed into individual accrual measures. We predict that the adoption of International Accounting Standards affected accruals differently and that the model's overall predictive power improves after the adoption. Our results do not support the IASB's claim that International Accounting Standards are superior to German-GAAP and have a significantly positive impact on earnings' predictive power.
Language
English
HSG Classification
not classified
Refereed
No
Book title
AF 2013
Publisher
Global Science & Technology Forum (GSTF)
Publisher place
Singapore
Start page
9
Event Title
3rd Annual International Conference on Accounting and Finance (AF 2013)
Event Location
Bangkok, Thailand
Event Date
20.-21.05.2013
Official URL
http://dl4.globalstf.org/?wpsc-product=did-the-adoption-of-iasifrs-by-german-firms-in-2005-improve-earnings-predictive-power-with-regard-to-forecasting-future-operating-cash-flows-an-empirical-analysis-of-german-publicly-listed
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/89294
Subject(s)

business studies

Division(s)

IFF - Institute of Pu...

University of St.Gall...

Eprints ID
235795
File(s)
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Thumbnail Image

open.access

Name

PDF-full-text.pdf

Size

188.89 KB

Format

Adobe PDF

Checksum (MD5)

ea9d2eb287fc05b87fd1f2bfd8261b65

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