The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan

This paper examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on the ability of financial analysts to forecast earnings accurately in Jordan during the period 2002–2013. The methodology involved the use of a panel data model and the regression with te...

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Autor principal:	Najeb Masoud
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2017
Materias:	m41 m49 g14 g18 k22 Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/eb1557b5a8684389acc9faef698d28a0
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spelling	oai:doaj.org-article:eb1557b5a8684389acc9faef698d28a02021-12-02T14:35:46ZThe effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan2331-197510.1080/23311975.2017.1290331https://doaj.org/article/eb1557b5a8684389acc9faef698d28a02017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1290331https://doaj.org/toc/2331-1975This paper examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on the ability of financial analysts to forecast earnings accurately in Jordan during the period 2002–2013. The methodology involved the use of a panel data model and the regression with temporal “dummy” variables in order to test the hypotheses formulated for the study. The research findings show after mandatory IFRS adoption has improvements in the ability of analysts to forecast earnings (decrease in error and dispersion). These findings are evidence of an improvement in earnings quality of Jordan listed firms after the collective requirement to adopt IFRS. The evidence from the study also shows the debate on the desirability of the current move towards one global set of accounting standards as results are robust to several changes in model specifications. The study contributes to the previous finding dealing with the additional quality informational content stemming and, more specifically the quality of earnings from mandatory of IFRS adoption. The originality of this study consists primarily in the use of a long analysis period following the implementation of IFRS that should reduce divergences between analysts, causing a decrease in earnings forecast error and dispersion. Therefore, this study examines only the Jordan context; it’s interesting for future research to study the effect of IFRS mandatory adoption for several countries, especially in emerging market.Najeb MasoudTaylor & Francis Grouparticlem41m49g14g18k22BusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution	DOAJ
collection	DOAJ
language	EN
topic	m41 m49 g14 g18 k22 Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	m41 m49 g14 g18 k22 Business HF5001-6182 Management. Industrial management HD28-70 Najeb Masoud The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan
description	This paper examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on the ability of financial analysts to forecast earnings accurately in Jordan during the period 2002–2013. The methodology involved the use of a panel data model and the regression with temporal “dummy” variables in order to test the hypotheses formulated for the study. The research findings show after mandatory IFRS adoption has improvements in the ability of analysts to forecast earnings (decrease in error and dispersion). These findings are evidence of an improvement in earnings quality of Jordan listed firms after the collective requirement to adopt IFRS. The evidence from the study also shows the debate on the desirability of the current move towards one global set of accounting standards as results are robust to several changes in model specifications. The study contributes to the previous finding dealing with the additional quality informational content stemming and, more specifically the quality of earnings from mandatory of IFRS adoption. The originality of this study consists primarily in the use of a long analysis period following the implementation of IFRS that should reduce divergences between analysts, causing a decrease in earnings forecast error and dispersion. Therefore, this study examines only the Jordan context; it’s interesting for future research to study the effect of IFRS mandatory adoption for several countries, especially in emerging market.
format	article
author	Najeb Masoud
author_facet	Najeb Masoud
author_sort	Najeb Masoud
title	The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan
title_short	The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan
title_full	The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan
title_fullStr	The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan
title_full_unstemmed	The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan
title_sort	effects of mandatory ifrs adoption on financial analysts’ forecast: evidence from jordan
publisher	Taylor & Francis Group
publishDate	2017
url	https://doaj.org/article/eb1557b5a8684389acc9faef698d28a0
work_keys_str_mv	AT najebmasoud theeffectsofmandatoryifrsadoptiononfinancialanalystsforecastevidencefromjordan AT najebmasoud effectsofmandatoryifrsadoptiononfinancialanalystsforecastevidencefromjordan
_version_	1718391106062778368

The effects of mandatory IFRS adoption on financial analysts’ forecast: Evidence from Jordan

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