Doktorsvörn við viðskiptadeild – Árni V. Claessen

Decision Usefulness of Accounting Information and Compliance with Accounting Standards

  • 26.1.2023, 16:00 - 17:00

Árni Valgarð Claessen mun kynna doktorsritgerð sína "Decision Usefulness of Accounting Information and Compliance with Accounting Standards" fimmtudaginn 26. janúar kl. 16:00 í stofu M101.

 

Nemandi: Árni V. Claessen
Leiðbeinandi: Dr. Stefan Wendt
Tímasetning: 26. janúar kl. 16:00 – 17:00
Staðsetning: Háskólinn í Reykjavík, stofa, M101

Kynningin er haldin á ensku og opin almenningi. Að kynningu lokinni verður boðið upp á léttar veitingar.

Útdráttur:

The overall aim of this thesis is to investigate decision usefulness of financial accounting information and compliance with financial accounting standards. This thesis builds on three complementary studies, which explore the decision usefulness of fair value accounting information and compliance of private companies with financial accounting standards. The information perspective of accounting information provides the theoretical framework for the thesis. From this perspective, information content of financial information is useful if it has impact on the users of the accounting information.

The decision usefulness of fair value accounting (FVA) is analysed for two important user groups of financial statements, equity analysts and investors. The first study uses a case study approach and interviews with equity analysts to examine the usefulness of judgemental fair value adjustments (Level 3) and the impact that the implementation of IFRS 13 Fair Value Measurement had on the relevance of disclosures and disclosure practice. The second study focuses on investors and uses an event study methodology and regression analysis to examine the association between judgemental fair value adjustments recognised in the income statements and stock price reaction for listed European real estate companies. It also probes if increased disclosures about fair value following the implementation of IFRS 13 increased the relevance of the FVA. The third study examines the level of compliance with national accounting standards and factors which may influence the compliance level for a sample of Icelandic private companies.

 

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PhD defence: Árni Valgarð Claessen

Árni Valgarð Claessen will present and discuss his PhD thesis, Thursday, January 26 at 16:00.

The thesis titel is: "Decision Usefulness of Accounting Information and Compliance with Accounting Standards"

The presentation is in English and open to the public. Light refreshments will be served after the presentation.

 

Title: Decision Usefulness of Accounting Information and Compliance with Accounting Standards
Author: Árni V. Claessen
Supervisor: Dr. Stefan Wendt
Date and Time: January 26th at 16:00 – 17:00
Location: Reykjavik University, Room M101

Abstract

The overall aim of this thesis is to investigate decision usefulness of financial accounting information and compliance with financial accounting standards. This thesis builds on three complementary studies, which explore the decision usefulness of fair value accounting information and compliance of private companies with financial accounting standards. The information perspective of accounting information provides the theoretical framework for the thesis. From this perspective, information content of financial information is useful if it has impact on the users of the accounting information.

The decision usefulness of fair value accounting (FVA) is analysed for two important user groups of financial statements, equity analysts and investors. The first study uses a case study approach and interviews with equity analysts to examine the usefulness of judgemental fair value adjustments (Level 3) and the impact that the implementation of IFRS 13 Fair Value Measurement had on the relevance of disclosures and disclosure practice. The second study focuses on investors and uses an event study methodology and regression analysis to examine the association between judgemental fair value adjustments recognised in the income statements and stock price reaction for listed European real estate companies. It also probes if increased disclosures about fair value following the implementation of IFRS 13 increased the relevance of the FVA. The third study examines the level of compliance with national accounting standards and factors which may influence the compliance level for a sample of Icelandic private companies.



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