Analysing brokers' expertise : did analysts fully anticipate the impact of IFRS adoption on earnings ? The European evidence

F. Aubert (1) , Pascal Dumontier (2)

1 CRCGM - Centre de Recherche Clermontois en Gestion et Management
2 CERAG - Centre d'études et de recherches appliquées à la gestion

Since 2005, all European Union listed firms comply with IFRS. The resulting mandatory changes in accounting methods have substantially affected reported earnings. Using the factSet/JCF database that collects 2005 earnings forecast based on both IFRS and local GAAP for a set of European listed companies, this research document whether financial analysts were sophisticated enough to anticipate the impact of the new accounting rules on the determination of earnings.

Mots clés: IFRS; Europe; accounting methods; earnings

Domaines: Gestion et management

F. Aubert, Pascal Dumontier. Analysing brokers' expertise : did analysts fully anticipate the impact of IFRS adoption on earnings ? The European evidence. 2009, 21p. ⟨halshs-00533080⟩