The author is from the Johann Wolfgang Goethe-Universität Frankfurt am Main. This paper is based on his dissertation and forms part of the HARMONIA program on research into accounting harmonisation and standardisation in the European Union. He gratefully acknowledges the financial contribution of the European Commission through the Human Potential Program, Contract HPRN-CT-2000-00062 and of Arthur Andersen and Ernst & Young. He is grateful to Thomson Financial IBES for providing analyst earnings forecast data. He is particularly indebted to Günther Gebhardt and Christian Leuz for their support. He thanks Martin Walker (an editor), Peter Easton (the discussant), Jörg Baetge, Wolfgang Ballwieser, Martin Glaum, Luzi Hail, Martien Lubberink, Stuart McLeay, John O’Hanlon, Steve Penman, Peter Pope (an editor), Bill Rees, Steve Young and workshop participants at the EIASM Workshop 2003 (Frankfurt), the VHB Pfingsttagung 2004 (Graz), the AAA/IAS Midyear-Conference 2005 (San Antonio), the EAA Annual Congress 2005 (Göteborg) and the JBFA Capital Markets Conference 2005 (Windermere) for helpful comments. The paper has received the AAA/IAS Doctoral Student Paper Award 2005.
Economic Benefits of Adopting IFRS or US-GAAP – Have the Expected Cost of Equity Capital Really Decreased?
Article first published online: 19 MAY 2006
Journal of Business Finance & Accounting
Volume 33, Issue 3-4, pages 329–373, April/May 2006
How to Cite
Daske, H. (2006), Economic Benefits of Adopting IFRS or US-GAAP – Have the Expected Cost of Equity Capital Really Decreased?. Journal of Business Finance & Accounting, 33: 329–373. doi: 10.1111/j.1468-5957.2006.00611.x
- Issue published online: 19 MAY 2006
- Article first published online: 19 MAY 2006
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