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Accounting quality under IFRS during stressed volatility: an examination of UK banks

Accounting quality under IFRS during stressed volatility: an examination of UK banks

Baddevithana, Tanuja Dominick and Stojanovic, Aleksandar (2013) Accounting quality under IFRS during stressed volatility: an examination of UK banks. [Working Paper]

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Abstract

This paper examines whether accounting quality is maintained for UK banks that report under the IFRS accounting standards during times of stressed market price volatility. We find that the UK banks’ accounting quality, measured from 1992 to 2008 using the relationship between total shareholders’ equity and market price, experienced a significant decrease during the high levels of market price volatility in 2008. This paper contributes to research that examines the IFRS accounting standards and to the examination of accounting quality in banks during periods of stressed volatility. Furthermore, this study concludes by calling for the examination of methods and processes to mitigate risks that impact on accounting quality.

Item Type: Working Paper
Uncontrolled Keywords: accounting quality, value-relevance of accounting data, stressed volatility, IFRS, UK banks,
Subjects: H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business > Centre for Governance, Risk & Accountability (GRA)
Faculty of Business > Department of Accounting & Finance
Related URLs:
Last Modified: 14 Oct 2016 09:25
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/10560

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