What Is the Way Forward for IASB’s Research Programme under the Evidence-Supported Approach? Some Analyses and Comments Based on the 2015 Agenda Consultation

References

• Badertscher, B. A. (2011). Overvaluation and the choice of alternative earnings management mechanisms. The Accounting Review, 86(5), 1491–1518. doi: 10.2308/accr-10092
   Web of Science ®Google Scholar
• Barone, E., Birt, J., & Moya, S. (2016). The debate on goodwill impairment versus amortisation: A recent literature review (Working paper). University of Queensland.
   Google Scholar
• Barth, M. E. (2015). Financial accounting research, practice, and financial accountability. Abacus, 51(4) 499–510. doi: 10.1111/abac.12057
   Web of Science ®Google Scholar
• Barth, M. E., Gow, I. D., & Taylor, D. J. (2012). Why do pro forma and street earnings not reflect changes in GAAP? Evidence from SFAS 123R. Review of Accounting Studies, 17(3), 526–562. doi: 10.1007/s11142-012-9192-9
   Web of Science ®Google Scholar
• Baumker, M., Biggs, P., McVay, S. E., & Pierce, J. (2014). The disclosure of non-GAAP earnings following regulation G: An analysis of transitory gains. Accounting Horizons, 28(1), 77–92. doi: 10.2308/acch-50645
   Web of Science ®Google Scholar
• Bayerlein, L., & Farooque, O. A. (2012). Influence of a mandatory IFRS adoption on accounting practice. Evidence from Australia, Hong Kong and the United Kingdom. Asian Review of Accounting, 20(2), 93–118.
   Google Scholar
• Bentley, J. W., Christensen, T. E., Gee, K. H., & Whipple, B. C. (2016). Disentangling managers’ and analysts’ non-GAAP reporting incentives (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=2610995 or http://dx.doi.org/10.2139/ssrn.2610995
   Google Scholar
• Biancone, P. P. (2013). Business combinations under common control (BCUCC): The Italian experience. GSTF Business Review (GBR), 2(3), 51–60.
   Google Scholar
• Bonacchi, M., Marra, A., & Shalev, R. (2015). Fair value and firm indebtedness: Evidence from business combinations under common control (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=2587270 or http://dx.doi.org/10.2139/ssrn.2587270
   Google Scholar
• Bonner, S. E., Clor-Proell, S. M., & Koonce, L. (2014). Mental accounting and disaggregation based on the sign and relative magnitude of income statement items. The Accounting Review, 89(6), 2087–2114. doi: 10.2308/accr-50838
   Web of Science ®Google Scholar
• Brouwer, A., Farmarzi, A., & Hoogendorn, M. (2014). Does the new conceptual framework provide adequate concepts for reporting relevant information about performance? Accounting in Europe, 11(2), 235–257. doi: 10.1080/17449480.2014.967788
   Google Scholar
• Buijink, W. (2006). Evidence-based financial reporting regulation. Abacus, 42(3/4), 296–301. doi: 10.1111/j.1467-6281.2006.00202.x
   Web of Science ®Google Scholar
• Cairns, D. (2015). Financial reporting in Europe: Future challenges. Accounting in Europe, 12(2), 187–196. doi: 10.1080/17449480.2015.1114181
   Web of Science ®Google Scholar
• Campbell, J. L., Chen, H., Dhaliwal, D. S., Lu, H., & Steele, L. B. (2014). The information content of mandatory risk factor disclosures in corporate filings. Review of Accounting Studies, 19(1), 396–455. doi: 10.1007/s11142-013-9258-3
   Web of Science ®Google Scholar
• Caratozzolo, M. (2009). I bilanci straordinari, seconda edizione aggiornata ai principi contabili nazionali ed internazionali. Milano: Giuffré Editore.
   Google Scholar
• Carlin, T. M., & Finch, N. (2007). Towards a theory of goodwill impairment testing choices under IFRS. The Journal of Theoretical Accounting Research, 3(1), 74–95.
   Google Scholar
• Carlin, T. M., & Finch, N. (2009). Discount rates in disarray: Evidence on flawed goodwill impairment testing. Australian Accounting Review, 19(4), 326–336. doi: 10.1111/j.1835-2561.2009.00069.x
   Web of Science ®Google Scholar
• Carlin, T. M., & Finch, N. (2010). Resisting compliance with IFRS goodwill accounting and reporting disclosures. Evidence from Australia. Journal of Accounting & Organizational Change, 6(2), 260–280. doi: 10.1108/18325911011048781
   Google Scholar
• Carlin, T. M., & Finch, N. (2011). Goodwill impairment testing under IFRS: A false impossible shore? Pacific Accounting Review, 23(3), 368–392. doi: 10.1108/01140581111185544
   Google Scholar
• Carlin, T. M., Finch, N., & Ford, G. W. (2008). Fair value impairment testing under IFRS: Examining Australia’s disclosure quality. Financial Reporting, Regulation and Governance, 7(1), 1–25.
   Google Scholar
• Cheng, Q., Frischmann, P., & Warfield, T. (2003). The market perception of corporate claims. Research in Accounting Regulation, 16, 3–28. doi: 10.1016/S1052-0457(02)16001-2
   Google Scholar
• Christensen, T. E., Drake, M. S., & Thornock, J. R. (2014). Optimistic reporting and pessimistic investing: Do pro forma earnings disclosures attract short sellers? Contemporary Accounting Research, 31(1), 67–102. doi: 10.1111/1911-3846.12009
   Web of Science ®Google Scholar
• Christensen, T. E., Pei, H., Pierce, S. R., & Tan, L. (2015). Non-GAAP reporting following debt covenant violations (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=2575967 or http://dx.doi.org/10.2139/ssrn.2575967.
   Google Scholar
• Clor-Proell, S., Koonce, L., & White, B. J. (2016). How do financial statement users evaluate hybrid financial instruments? (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=2552779 or http://dx.doi.org/10.2139/ssrn.2552779.
   Google Scholar
• Clor-Proell, S. M., Proell, C. A., & Warfield, T. D. (2014). The effects of presentation salience and measurement subjectivity on nonprofessional investors’ fair value judgments. Contemporary Accounting Research, 31(1), 45–66. doi: 10.1111/1911-3846.12041
   Web of Science ®Google Scholar
• Cole, C. J. (2014). New IFRS research centre: Hope for more evidence-informed standards. The Journal of Corporate Accounting & Finance, 25(6), 29–34. doi: 10.1002/jcaf.21985
   Google Scholar
• Curtis, A. B., McVay, S. E., & Whipple, B. C. (2014). The disclosure of non-GAAP earnings information in the presence of transitory gains. The Accounting Review, 89(3), 933–958. doi: 10.2308/accr-50683
   Web of Science ®Google Scholar
• EFRAG. (2014). Should goodwill still be not amortised? (Discussion paper). July.
   Google Scholar
• ESMA. (2015). ESMA report on enforcement and regulatory activities of accounting enforcers in 2014. Paris: European Securities and Markets Authority.
   Google Scholar
• Fasan, M., Fiori, G., & Tiscini, R. (2014). OCI value relevance in continental Europe: An examination of the adoption of IAS 1 revised. Academy of Accounting and Financial Studies Journal, 18(4), 17–36.
   Google Scholar
• Fiume, R., Onesti, T., Romano, M., & Taliento, M. (2015). Dialogue with standard setters. Business combinations under common control: Concerns, criticisms and strides. Financial Reporting, 1(1), 107–126. doi: 10.3280/FR2015-001005
   Google Scholar
• Francis, J. (2004). What do we know about audit quality? British Accounting Review, 36(4), 345–368. doi: 10.1016/j.bar.2004.09.003
   Google Scholar
• Glaum, M., Schmidt, P., Street, D. L., & Vogel, S. (2013). Compliance with IFRS 3- and IAS 36-required disclosures across 17 European countries: Company- and country-level determinants. Accounting and Business Research, 43(3), 163–204. doi: 10.1080/00014788.2012.711131
   Web of Science ®Google Scholar
• Goncharov, I., & Hodgson, A. (2011). Measuring and reporting income in Europe. Journal of International Accounting Review, 10(1), 27–59. doi: 10.2308/jiar.2011.10.1.27
   Google Scholar
• Gramlich, J. D., Mayew, W. J., & McAnally, M. L. (2006). Debt reclassification and capital market consequences. Journal of Business Finance & Accounting, 33(7/8), 1189–1212. doi: 10.1111/j.1468-5957.2006.00593.x
   Web of Science ®Google Scholar
• Gu, F., & Lev, B. (2011). Overpriced shares, ill-advised acquisitions, and goodwill impairment. The Accounting Review, 86(6), 1995–2022. doi: 10.2308/accr-10131
   Web of Science ®Google Scholar
• Gunderson, K., & Swanson, Z. L. (2010). Does balance sheet classification matter? Evidence from trust preferred stock. Mustang Journal of Accounting and Finance, 3(1), 118–134.
   Google Scholar
• Hamberg, M., & Beisland, L.-A. (2014). Changes in the value relevance of goodwill accounting following the adoption of IFRS 3. Journal of International Accounting, Auditing and Taxation, 23(2), 59–73. doi: 10.1016/j.intaccaudtax.2014.07.002
   Google Scholar
• Hamberg, M., Paananen, M., & Novak, J. (2011). The adoption of IFRS 3: The effects of managerial discretion and stock market reactions. European Accounting Review, 20(2), 263–288. doi: 10.1080/09638181003687877
   Web of Science ®Google Scholar
• Hellman, N., Andersson, P., & Fröberg, E. (2016). The impact of IFRS goodwill reporting on financial analysts’ equity valuation judgements: Some experimental evidence. Accounting & Finance, 56(1), 113–157. doi: 10.1111/acfi.12189
   Web of Science ®Google Scholar
• Hewitt, M., Tarca, A., & Yohn, T. L. (2015). The effect of measurement subjectivity classifications on analysts’ use of persistence classifications when forecasting earnings items. Contemporary Accounting Research, 32(3), 1000–1023. doi: 10.1111/1911-3846.12116
   Web of Science ®Google Scholar
• Hope, O., Hu, D., & Lu, H. (2016). The benefits of specific detailed risk-factor disclosures (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=2457045 or http://dx.doi.org/10.2139/ssrn.2457045
   Google Scholar
• Hopkins, P. E. (1996). The effect of financial statement classification of hybrid financial instruments on financial analysts’ stock price judgments. Journal of Accounting Research, 34(Suppl.), 33–50. doi: 10.2307/2491424
   Web of Science ®Google Scholar
• Hopkins, P. E., Houston, R. W., & Peters, M. F. (2000). Purchase, pooling, and equity analysts’ valuation judgments. The Accounting Review, 75(3), 257–281. doi: 10.2308/accr.2000.75.3.257
   Web of Science ®Google Scholar
• IASB, International Accounting Standards Board. (2015a). Financial instruments with characteristics of equity research project: Identifying the challenges and setting out an approach (Staff Paper), May 2015. Retrieved from http://www.ifrs.org/Meetings/MeetingDocs/IASB/2015/May/AP05A-FICE.pdf
   Google Scholar
• IASB, International Accounting Standards Board. (2015b). Request for views: 2015 Agenda Consultation. August 2015.
   Google Scholar
• IASB, International Accounting Standards Board. (2016). Web pages presenting the IASB’s Research Programme, Research Centre, and Research impact. Retrieved from www.ifrs.org
   Google Scholar
• Impink, J., Paananen, M., & Renders, A. (2016). Regulation-induced disclosures: Is 'more' actually 'less'? (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=2742059 or http://dx.doi.org/10.2139/ssrn.2742059.
   Google Scholar
• Isidro, H., & Marques, A. (2015). The role of institutional and economic factors in the strategic use of non-GAAP disclosures to beat earnings benchmarks. European Accounting Review, 24(1), 95–128. doi: 10.1080/09638180.2014.894928
   Web of Science ®Google Scholar
• Jarva, H. (2009). Do firms manage fair value estimates? An examination of SFAS 142 goodwill impairments. Journal of Business Finance & Accounting, 36(9/10), 1059–1086. doi: 10.1111/j.1468-5957.2009.02169.x
   Web of Science ®Google Scholar
• Jennings, R., & Marques, A. (2011). The joint effects of corporate governance and regulation on the disclosure of manager-adjusted non-GAAP earnings in the US. Journal of Business Finance & Accounting, 38(4), 364–394. doi: 10.1111/j.1468-5957.2011.02238.x
   Web of Science ®Google Scholar
• Johansson, S-E., Hjelström, T., & Hellman, N. (2016). Accounting for goodwill under IFRS: A critical analysis (Working paper). Stockholm School of Economics.
   Google Scholar
• Johnson, L. T., & Petrone, K. R. (1998). Is goodwill and asset? Accounting Horizons, 12(3), 293–303.
   Google Scholar
• Kravet, T., & Muslu, V. (2013). Textual risk disclosures and investors’ risk perceptions. Review of Accounting Studies, 18(4), 1088–1122. doi: 10.1007/s11142-013-9228-9
   Web of Science ®Google Scholar
• Lachmann, M., Stefani, U., & Wöhrmann, A. (2015). Fair value accounting for liabilities: Presentation format of credit risk changes and individual information processing. Accounting, Organizations and Society, 41(1), 21–38. doi: 10.1016/j.aos.2014.08.001
   Web of Science ®Google Scholar
• Lee, C. (2011). The effect of SFAS 142 on the ability of goodwill to predict future cash flows. Journal of Accounting and Public Policy, 30(3), 236–255. doi: 10.1016/j.jaccpubpol.2010.11.001
   Web of Science ®Google Scholar
• Li, Z., Shroff, P., Venkataraman, R., & Zhang, I. (2011). Causes and consequences of goodwill impairment losses. Review of Accounting Studies, 16(4), 745–778. doi: 10.1007/s11142-011-9167-2
   Web of Science ®Google Scholar
• Linsmeier, T., Shakespeare, C., & Sougiannis, T. (2007). Liability/equity classification decisions and shareholder valuation (Working paper). University of Illinois at Urbana-Champaign.
   Google Scholar
• Maines, L. A., & McDaniel, L. S. (2000). Effects of comprehensive-income characteristics on nonprofessional investors’ judgments: The role of financial-statement presentation format. The Accounting Review, 75(2), 179–207. doi: 10.2308/accr.2000.75.2.179
   Web of Science ®Google Scholar
• Makari, G. (2009). The art of medicine. Lancet, 373, 206–207. doi: 10.1016/S0140-6736(09)60062-3
   PubMed Web of Science ®Google Scholar
• Malone, L., Tarca, A., & Wee, M. (2016). IFRS non-GAAP earnings disclosures and fair value measurement. Accounting & Finance, 56(1), 59–97. doi: 10.1111/acfi.12204
   Web of Science ®Google Scholar
• Mayew, W. J., Sethuraman, M., & Venkatachalam, M. (2015). MD&A disclosure and the firm’s ability to continue as a going concern. The Accounting Review, 90(4), 1621–1651. doi: 10.2308/accr-50983
   Web of Science ®Google Scholar
• Mechelli, A., & Cimini, R. (2014). Is comprehensive income value relevant and does location matter? A European study. Accounting in Europe, 11(1), 59–87. doi: 10.1080/17449480.2014.890777
   Google Scholar
• Merkley, K. J. (2014). Narrative disclosure and earnings performance: Evidence from R&D disclosures. The Accounting Review, 89(2), 725–757. doi: 10.2308/accr-50649
   Web of Science ®Google Scholar
• Napier, C. J. (2002). The historian as auditor: Facts, judgments and evidence. Accounting Historians Journal, 29(2), 131–155.
   Google Scholar
• Pan, X. (2002). The choice of accounting method for business combinations under common control. (In Chinese). Accounting Research, 1, 37–39.
   Google Scholar
• Petersen, C., & Plenborg, T. (2010). How do firms implement impairment tests of goodwill? Abacus, 46(4), 419–446. doi: 10.1111/j.1467-6281.2010.00326.x
   Web of Science ®Google Scholar
• Pieri, V. (2010). The relevance and the dynamics of goodwill values under IAS/IFRS: Empirical evidences from the 2005-2009 consolidated financial statements of the major companies listed in Italy (Working paper). Retrieved from SSRN: http://ssrn.com/abstract=1695892 or http://dx.doi.org/10.2139/ssrn.1695892
   Google Scholar
• Ramanna, K., & Watts, R. (2012). Evidence on the use of unverifiable estimates in required goodwill impairment. Review of Accounting Studies, 17(4), 749–780. doi: 10.1007/s11142-012-9188-5
   Web of Science ®Google Scholar
• Rees, L. L., & Shane, P. B. (2012). Academic research and standard-setting: The case of other comprehensive income. Accounting Horizons, 26(4), 789–815. doi: 10.2308/acch-50237
   Web of Science ®Google Scholar
• Rennekamp, K. (2012). Processing fluency and investors’ reactions to disclosure readability. Journal of Accounting Research, 50(5), 1319–1354. doi: 10.1111/j.1475-679X.2012.00460.x
   Web of Science ®Google Scholar
• Schatt, A., Doukakis, L., Bessieux-Ollier, C., Walliser, E., & Morricone, S. (in press). Do goodwill impairments provide useful information to investors? Accounting in Europe, 13(2).
   Google Scholar
• Shalev, R. (2009). The information content of business combination disclosure level. The Accounting Review, 84(1), 239–270. doi: 10.2308/accr.2009.84.1.239
   Web of Science ®Google Scholar
• Shalev, R., Zhang, I. X., & Zhang, Y. (2013). CEO compensation and fair value accounting: Evidence from purchase price allocation. Journal of Accounting Research, 51(4), 819–854.
   Web of Science ®Google Scholar
• Shoaf, V., & Zaldivar, I. P. (2005). Goodwill impairment: Convergence still not achieved. Review of Business, 26(2), 31–35.
   Google Scholar
• Singleton-Green, B. (2015). Public policy and accounting research: What is to be done? Accounting in Europe, 12(2), 171–186. doi: 10.1080/17449480.2015.1107680
   Web of Science ®Google Scholar
• Teixeira, A. (2014). The International Accounting Standards Board and evidence-informed standard-setting. Accounting in Europe, 11(1), 5–12. doi: 10.1080/17449480.2014.900269
   Google Scholar
• Wiese, A. (2005). Accounting for goodwill: The transition from amortisation to impairment – An impact assessment. Meditari Accountancy Research, 13(1), 105–120. doi: 10.1108/10222529200500007
   Google Scholar
• Wright, A. L., Middleton, S., Greenfield, G., Williams, J., & Brazil, V. (2016). Strategies for teaching evidence-based management: What management educators can learn from medicine. Journal of Management Education, 40(2), 194–219. doi: 10.1177/1052562915624123
   Google Scholar
• Zang, Y. (2008). Discretionary behavior with respect to the adoption of SFAS no. 142 and the behavior of security prices. Review of Accounting and Finance, 7(1), 38–68. doi: 10.1108/14757700810853842
   Google Scholar