Discretionary reporting and analyst forecasts of operating income under IFRS

IF 8 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2025-11-01 Epub Date: 2025-03-10 DOI:10.1016/j.bar.2025.101634

Wonsuk Ha , Seung-youb Han , Woo-Jong Lee , Youngdeok Lim

引用次数: 0

Abstract

Leveraging the unique institutional features of Korea's adoption of International Financial Reporting Standards (IFRS) in 2011, we examine analysts' and investors' reactions to the elimination of standardized OI reporting. We find that financial analysts are less likely to issue OI forecasts immediately after IFRS adoption. Additionally, the accuracy of OI forecasts declines compared with sales or net income forecasts. Consequently, equity investors become less responsive to analysts' OI forecast revisions. However, these adverse effects dissipate after 2012 when regulators intervened and reinstated the OI definition used prior to IFRS adoption. Our findings support the International Accounting Standards Board's recent initiative to include earnings subtotals in financial reporting (i.e., IFRS 18).

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根据国际财务报告准则的自由裁量报告和分析师对营业收入的预测

利用韩国在2011年采用国际财务报告准则（IFRS）的独特制度特征，我们研究了分析师和投资者对取消标准化OI报告的反应。我们发现，财务分析师不太可能在采用国际财务报告准则后立即发布OI预测。此外，与销售额或净收入预测相比，OI预测的准确性有所下降。因此，股票投资者对分析师修正OI预测的反应减弱。然而，这些不利影响在2012年监管机构干预并恢复采用国际财务报告准则之前使用的OI定义后消失。我们的研究结果支持国际会计准则理事会最近在财务报告中纳入收益小计的倡议（即IFRS 18）。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

British Accounting Review BUSINESS, FINANCE-

CiteScore

8.60

自引率

3.90%

发文量

审稿时长

76 days

期刊介绍： The British Accounting Review*is pleased to publish original scholarly papers across the whole spectrum of accounting and finance. The journal is eclectic and pluralistic and contributions are welcomed across a wide range of research methodologies (e.g. analytical, archival, experimental, survey and qualitative case methods) and topics (e.g. financial accounting, management accounting, finance and financial management, auditing, public sector accounting, social and environmental accounting; accounting education and accounting history), evidence from UK and non-UK sources are equally acceptable.