Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/294037 
Year of Publication: 
2020
Citation: 
[Journal:] European Research on Management and Business Economics (ERMBE) [ISSN:] 2444-8834 [Volume:] 26 [Issue:] 2 [Year:] 2020 [Pages:] 78-86
Publisher: 
Elsevier, Amsterdam
Abstract: 
This study aims to analyse, within the scope of publicly listed Spanish companies, whether the mandatory implementation of International Financial Reporting Standards (IFRS) has had an effect on financial analysts' earnings forecasts and investments in non-cross-listed Spanish companies (those only listed on the Spanish capital market). A sample of 369 observations for companies listed on the Spanish securities market for the period 2004-2007, of which 84 are cross-listed, was used to perform the analysis. The results show that the transition from domestic to international accounting standards has had positive effects for non-cross-listed Spanish companies, leading to the improved accuracy of financial analysts' earnings forecasts and an increase in investments.
Subjects: 
Analyst forecast error
Cross-listing
International Financial Reporting Standards
Volume of trade
JEL: 
M40
M41
M16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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