Accounting in finance: an accounting-based analysis of IFRS and US-GAAP in capital markets
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2011
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIV, 160 S. graph. Darst. |
Internformat
MARC
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Datensatz im Suchindex
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| adam_text | IMAGE 1
CONTENTS
CONTENTS
PREFACE HI
BRIEF CONTENTS IV
CONTENTS VI
LIST OF FIGURES IX
LIST OF TABLES X
NOTATIONS AND ABBREVIATIONS XI
1 INTRODUCTION 1
1.1 MOTIVATION 1
1.2 LEGAL REQUIREMENTS 5
1.2.1 THE EU IAS REGULATION 5
1.2.2 THE 20-F RECONCILIATION REQUIREMENT 8
1.3 RELEVANCE 11
1.3.1 INTERNATIONAL APPLICATION OF IFRS AND US-GAAP 11
1.3.2 THE SEC IFRS ROADMAP 13
1.3.3 THE GLOBAL IFRS IMPLEMENTATION 15
1.4 RESEARCH QUESTIONS 17
1.4.1 RESEARCH QUESTIONS FOR THE CONVERGENCE PART 17
1.4.2 RESEARCH QUESTIONS FOR THE EQUITY VALUATION PART 19
1.4.3 RESEARCH QUESTIONS FOR THE INCOME PARAMETERS PART 20
2 INTERNATIONAL ACCOUNTING AND THE TRANSITION TO IFRS 24
2.1 HISTORICAL IMPLICATIONS 24
2.2 DECISION USEFULNESS 26
2.3 MANAGEMENT DISCRETION AND THE TRANSITION TO IFRS 28
3 LITERATURE REVIEW 33
3.1 IFRS IMPLEMENTATION 34
3.1.1 GENERAL RESULTS 35
3.1.2 CAPITAL COSTS 36
3.1.3 EARNINGS ATTRIBUTES 38
3.2 THE LACK OF IFRS VS. US-GAAP EMPIRICAL RESEARCH 40
VI
IMAGE 2
CONTENTS
3.2.1 THE RECONCILIATION AS DATA PROVIDER 40
3.2.2 ACCOUNTING IN FINANCE - A CAUSALITY DILEMMA? 43
4 FINANCIAL ACCOUNTING QUALITY EVALUATION 46
4.1 CONVERGENCE FROM AN EMPIRICAL PERSPECTIVE 47
4.1.1 SHAREHOLDER S EQUITY RECONCILIATION 47
4.1.2 NET INCOME RECONCILIATION 50
4.1.3 CAPITAL STRUCTURE 51
4.1.4 RETURN ON EQUITY 53
4.2 EQUITY VALUATION UNDER IFRS AND US-GAAP 56
4.2.1 THE BOOK VALUE PER SHARE 56
4.2.2 DISCOUNTED EARNINGS METHODS 59
4.3 INCOME PARAMETERS UNDER IFRS AND US-GAAP 66
4.3.1 EARNINGS VOLATILITY 67
4.3.2 THE SHARPC RATIO 69
4.3.3 IFRS AND US-GAAP AS PART OF SYSTEMATIC RISK 71
5 RESEARCH METHODOLOGY AND DEVELOPMENT OF THESES 79
5.1 RESEARCH METHODOLOGY AND DATA SAMPLE 81
5.1.1 A CETERIS PARIBUS SITUATION 84
5.1.2 DESIGN OF THE DATA SAMPLE 85
5.1.3 SAMPLE OBSERVATIONS 88
5.2 RESEARCH HYPOTHESES 92
5.2.1 HYPOTHESES FOR THE CONVERGENCE PART 92
5.2.2 HYPOTHESES FOR THE EQUITY VALUATION PART 94
5.2.3 HYPOTHESES FOR THE EARNINGS PARAMETERS PART 95
6 EMPIRICAL RESULTS 97
6-1 CONVERGENCE 98
6-1-1 EQUITY TIME SCRIES ANALYSIS 98
6.1.2 NET INCOME TIME SCRIES ANALYSIS 105
6.1.3 TOTAL ASSETS AND FINANCIAL LEVERAGE 111
6-1-4 RETURN ON EQUITY 113
6-2 EQUITY VALUE 116
6.2.1 BOOK VALUE PER SHARE 116
6.2.2 RESIDUAL INCOME VALUATION AND THE PRESENT VALUE OF GROWTH 119 6.3
EARNINGS RELATED PARAMETERS 124
6-3.1 EARNINGS VOLATILITY AND THE SHARPC RATIO 124
6-3.2 IFRS AND US-GAAP EARNINGS AS SYSTEMATIC RISK FACTORS 128
IMAGE 3
CONTENTS
7 CONCLUSION 135
7.1 SUMMARY OF FINDINGS 135
7.2 IMPLICATIONS FOR EQUITY RESEARCH IN GLOBAL MARKETS 139
7.3 IMPLICATIONS FOR FURTHER RESEARCH 141
APPENDIX A: COMPANY DATA 142
APPENDIX B: LIST OF COMPANIES 145
REFERENCES 147
CURRICULUM VITAE 160
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| discipline | Wirtschaftswissenschaften |
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| indexdate | 2024-07-09T23:21:52Z |
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| language | English |
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| spelling | Sielaff, Volker Rainer 1980- Verfasser (DE-588)143901699 aut Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets submitted by Volker Rainer Sielaff 2011 XIV, 160 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zugl.: St. Gallen, Univ., Diss., 2010 Multinationales Unternehmen (DE-588)4075092-9 gnd rswk-swf Informationsqualität (DE-588)4793947-3 gnd rswk-swf Rechnungslegung (DE-588)4128343-0 gnd rswk-swf International Financial Reporting Standards (DE-588)4699643-6 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Rechnungslegung (DE-588)4128343-0 s International Financial Reporting Standards (DE-588)4699643-6 s Multinationales Unternehmen (DE-588)4075092-9 s Informationsqualität (DE-588)4793947-3 s b DE-604 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022468098&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Sielaff, Volker Rainer 1980- Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets Multinationales Unternehmen (DE-588)4075092-9 gnd Informationsqualität (DE-588)4793947-3 gnd Rechnungslegung (DE-588)4128343-0 gnd International Financial Reporting Standards (DE-588)4699643-6 gnd |
| subject_GND | (DE-588)4075092-9 (DE-588)4793947-3 (DE-588)4128343-0 (DE-588)4699643-6 (DE-588)4113937-9 |
| title | Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets |
| title_auth | Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets |
| title_exact_search | Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets |
| title_full | Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets submitted by Volker Rainer Sielaff |
| title_fullStr | Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets submitted by Volker Rainer Sielaff |
| title_full_unstemmed | Accounting in finance an accounting-based analysis of IFRS and US-GAAP in capital markets submitted by Volker Rainer Sielaff |
| title_short | Accounting in finance |
| title_sort | accounting in finance an accounting based analysis of ifrs and us gaap in capital markets |
| title_sub | an accounting-based analysis of IFRS and US-GAAP in capital markets |
| topic | Multinationales Unternehmen (DE-588)4075092-9 gnd Informationsqualität (DE-588)4793947-3 gnd Rechnungslegung (DE-588)4128343-0 gnd International Financial Reporting Standards (DE-588)4699643-6 gnd |
| topic_facet | Multinationales Unternehmen Informationsqualität Rechnungslegung International Financial Reporting Standards Hochschulschrift |
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