Purpose

This study examines how bilateral international trade among mandatory International Financial Reporting Standards (IFRS) adopter countries moderates the relation between IFRS adoption and firms’ financial reporting quality.

Design/methodology/approach

The authors use data from 2007 to 2015 and focus on publicly listed firms from non-European Union countries that adopted IFRS on a mandatory basis.

Findings

The authors find that the interaction between mandatory IFRS adoption and a country’s bilateral trade with other countries using IFRS is negatively and significantly related to accruals-based earnings management, which is an inverse measure of financial reporting quality. This result is driven by firms in less developed countries. The improvement in accounting quality is for firms located in countries that both fully and partially adopt IFRS. The authors also find a significant and negative coefficient for the relation between real earnings management and the interaction between mandatory IFRS adoption and a country’s bilateral trade with other IFRS countries in the post-global financial crisis period.

Originality/value

Overall, the authors’ results are consistent with the notion that the mandatory adoption of IFRS creates a positive externality where firms improve their accounting quality because increased financial statement comparability means that foreign customers and suppliers can monitor the quality of earnings more easily.

中文翻译：

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国际贸易、强制性国际财务报告准则采用和财务报告质量

目的

本研究探讨了强制性国际财务报告准则 (IFRS) 采用国家之间的双边国际贸易如何调节 IFRS 采用与企业财务报告质量之间的关系。

设计/方法论/途径

作者使用 2007 年至 2015 年的数据，重点关注强制采用 IFRS 的非欧盟国家的上市公司。

发现

作者发现，强制采用国际财务报告准则与一国与采用国际财务报告准则的其他国家之间的双边贸易之间的相互作用与应计利润管理显着负相关，而应计利润管理是财务报告质量的反向衡量标准。这一结果是由欠发达国家的公司推动的。会计质量的提高适用于完全或部分采用 IFRS 的国家/地区的公司。作者还发现，在全球金融危机后时期，实际盈余管理与强制采用 IFRS 以及一国与其他 IFRS 国家的双边贸易之间的相互作用之间存在显着的负系数。

原创性/价值

总体而言，作者的结果与以下观点一致：强制采用 IFRS 会产生积极的外部性，企业可以提高其会计质量，因为财务报表可比性的提高意味着外国客户和供应商可以更轻松地监控收益质量。