讲座人： 张姗姗

讲座主题：Does IFRS Adoption Affect Financial Reporting Comparability?

摘要：With the international convergence of accounting standards and the development of modern finance theory, comparability is ranked as an increasingly important accounting quality. We exploit dual class Chinese companies to examine whether IFRS adoption affects financial reporting comparability within a specific country. A-shares of dual class firms comply with Chinese accounting standards (CAS) while B-shares adopt International Financial Reporting Standards (IFRS). We document a disparity in financial reporting comparability between A- and B-shares. A shares exhibits higher comparability than B shares do. This disparity in comparability shrinks following the 2007 financial reporting regime change in which CAS converged to IFRS. Then, we find that fair value accounting, goodwill impairment and deferred tax contribute to the comparability disparity, consistent with these complex and discretionary accounting treatment permitted by IFRS generating unintentional errors and facilitating intentional manipulation in financial reporting. Furthermore, weak corporate governance also aggravates the lower comparability led by IFRS adoption. Finally, we show that the comparability disparity creates differences in information asymmetry, explaining the price differences between A- and B- shares. Overall, our paper provides evidence on negative side effects of IFRS implementation in emerging countries.

讲座时间：2016年11月23日，周三，13:30开始

讲座地点：学院南路主教10楼1011

讲座人简介：张姗姗，中国人民大学博士研究生。研究兴趣为会计准则、会计信息质量等相关领域，目前已在《会计研究》、《中央财经大学学报》等期刊发表多篇论文。

[编辑]：张萌