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Impact of International Financial Reporting Standard adoption on key financial ratios

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Abstract

Although previous research has investigated the economic consequences of International Financial Reporting Standard (IFRS) adoption, there is little evidence on the impact of IFRS adoption on key financial ratios. To fill this gap, we examine this issue in a continental European country (Finland). Our results show that the adoption of IFRS changes the magnitude of the key accounting ratios. Moreover, we extend the literature by showing that the adoption of fair value accounting rules and stricter requirements on certain accounting issues are the reasons for the changes observed in accounting figures and financial ratios.
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Keywords: Financial ratios; IFRS; International financial reporting standards; M41

Document Type: Research Article

Affiliations: Department of Accounting and Finance, University of Oulu, Oulu, 90014, Finland

Publication date: 2009-06-01

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