In this paper, the authors aim to analyze the impact of International Financial Reporting Standards' (IFRS) mandatory adoption on the financial statements of Spanish listed companies.
The authors estimate a panel data model by generalized least squares' within-between in order to contrast the possible structural breaks in the relations between income statement items and balance sheet items, using data from the 35 largest listed companies.
The results show significant changes on these relations, but with different signs and degrees of intensity depending on the balance sheet item analyzed.
The data choice introduces a size bias that could be taken into account in the generalization of the results to other listed companies.
This work is developed using a mandatory, local, accounting and panel data framework for first time using Spanish listed companies in order to measure the impact of the IFRS adoption.
González, M., M. Nave, J. and Toscano, D. (2014), "Impact of IFRS: evidence from Spanish listed companies", International Journal of Accounting & Information Management, Vol. 22 No. 2, pp. 157-172. https://doi.org/10.1108/IJAIM-03-2014-0016Download as .RIS
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