Matches in SemOpenAlex for { <https://semopenalex.org/work/W2516698970> ?p ?o ?g. }
Showing items 1 to 68 of
68
with 100 items per page.
- W2516698970 abstract "This study explores the impact of International Financial Reporting Standards (IFRS) mandatory adoption on aspects of dividend policy in Western Europe. We select the United Kingdom as a representative of common-law countries and France as a representative of code-law countries. These two countries are highly comparable economically, which allows us to implement a difference-in-differences methodology. The genesis of our theoretical argument is that IFRS adoption is expected to mitigate information asymmetry, a major reason behind corporate underinvestment and cash over-retention (Myers & Majluf, 1984). Our findings suggest that IFRS adoption is a major contributor in increasing dividend payouts among code-law firms through enhancing the corporate financial information environment and reducing asymmetric information. Improvements to the information environment reduce firms’ concerns about their ability to raise external funds and this in turn makes them more willing to pay dividends. The reduction in information asymmetry helps investors become more confident about using accounting measures in assessing firm financial performance, which causes a significant reduction in dividend value relevance with respect to the market valuation of code-law firms. On the other hand, common-law firms witness no significant change in dividend payouts and a lower reduction in dividend value relevance relative to code-law firms. We contribute to the financial reporting literature through showing some of the effects of an exogenous information shock on dividend policy and dividend value relevance. The main implication from this study is that the introduction of higher quality accounting standards serve to mitigate information asymmetry between managers and investors and, consequently, reduces the frictions affecting corporate financial decisions." @default.
- W2516698970 created "2016-09-16" @default.
- W2516698970 creator A5005783294 @default.
- W2516698970 creator A5034693159 @default.
- W2516698970 creator A5062161070 @default.
- W2516698970 date "2016-01-01" @default.
- W2516698970 modified "2023-10-17" @default.
- W2516698970 title "Does Changing Accounting Standards Affect Dividend Policy?" @default.
- W2516698970 doi "https://doi.org/10.2139/ssrn.2833288" @default.
- W2516698970 hasPublicationYear "2016" @default.
- W2516698970 type Work @default.
- W2516698970 sameAs 2516698970 @default.
- W2516698970 citedByCount "0" @default.
- W2516698970 crossrefType "journal-article" @default.
- W2516698970 hasAuthorship W2516698970A5005783294 @default.
- W2516698970 hasAuthorship W2516698970A5034693159 @default.
- W2516698970 hasAuthorship W2516698970A5062161070 @default.
- W2516698970 hasConcept C10138342 @default.
- W2516698970 hasConcept C116168712 @default.
- W2516698970 hasConcept C121955636 @default.
- W2516698970 hasConcept C137577040 @default.
- W2516698970 hasConcept C144133560 @default.
- W2516698970 hasConcept C162324750 @default.
- W2516698970 hasConcept C163867264 @default.
- W2516698970 hasConcept C186027771 @default.
- W2516698970 hasConcept C2778587509 @default.
- W2516698970 hasConcept C556758197 @default.
- W2516698970 hasConcept C59399099 @default.
- W2516698970 hasConcept C63149375 @default.
- W2516698970 hasConceptScore W2516698970C10138342 @default.
- W2516698970 hasConceptScore W2516698970C116168712 @default.
- W2516698970 hasConceptScore W2516698970C121955636 @default.
- W2516698970 hasConceptScore W2516698970C137577040 @default.
- W2516698970 hasConceptScore W2516698970C144133560 @default.
- W2516698970 hasConceptScore W2516698970C162324750 @default.
- W2516698970 hasConceptScore W2516698970C163867264 @default.
- W2516698970 hasConceptScore W2516698970C186027771 @default.
- W2516698970 hasConceptScore W2516698970C2778587509 @default.
- W2516698970 hasConceptScore W2516698970C556758197 @default.
- W2516698970 hasConceptScore W2516698970C59399099 @default.
- W2516698970 hasConceptScore W2516698970C63149375 @default.
- W2516698970 hasLocation W25166989701 @default.
- W2516698970 hasOpenAccess W2516698970 @default.
- W2516698970 hasPrimaryLocation W25166989701 @default.
- W2516698970 hasRelatedWork W1491901636 @default.
- W2516698970 hasRelatedWork W1520587949 @default.
- W2516698970 hasRelatedWork W174625065 @default.
- W2516698970 hasRelatedWork W2132361867 @default.
- W2516698970 hasRelatedWork W2142931100 @default.
- W2516698970 hasRelatedWork W2160384060 @default.
- W2516698970 hasRelatedWork W2168686020 @default.
- W2516698970 hasRelatedWork W2603467282 @default.
- W2516698970 hasRelatedWork W2784292173 @default.
- W2516698970 hasRelatedWork W2797899244 @default.
- W2516698970 hasRelatedWork W2808505762 @default.
- W2516698970 hasRelatedWork W2914219052 @default.
- W2516698970 hasRelatedWork W2919566469 @default.
- W2516698970 hasRelatedWork W3048065776 @default.
- W2516698970 hasRelatedWork W3125020450 @default.
- W2516698970 hasRelatedWork W3152330094 @default.
- W2516698970 hasRelatedWork W3162425510 @default.
- W2516698970 hasRelatedWork W3180313551 @default.
- W2516698970 hasRelatedWork W3189377501 @default.
- W2516698970 hasRelatedWork W3121903287 @default.
- W2516698970 isParatext "false" @default.
- W2516698970 isRetracted "false" @default.
- W2516698970 magId "2516698970" @default.
- W2516698970 workType "article" @default.