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Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK

Ali, A.
; 
Akbar, Saeed
; 
Ormrod, P.
Publication Date
2016-03
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Keywords
International financial reporting standards, Accounting harmonisation, Alternative investment market, Small and growing companies, Gray conservatism index, IFRS 1
Rights
© 2015 Elsevier Ltd. All rights reserved. Reproduced in accordance with the publisher's self-archiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license.
Peer-Reviewed
Yes
Open Access status
openAccess
Accepted for publication
08/12/2015
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Management and Law Publications
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Abstract
This study examines the extent to which the change from UK GAAP to IFRS has affected companies listed on the Alternative Investment Market (AIM) in the UK. The results suggest that, on average, profit reported under IFRS is higher than that reported under UK GAAP; however, the difference is much smaller for AIM listed companies as compared to what existing literature suggests for firms listed on main stock markets. The Gray's partial analysis results indicate that despite the extensive programmes for improving convergence over time there is still a considerable discrepancy between IFRS and UK GAAP.
URI
http://hdl.handle.net/10454/17131
Version
Accepted manuscript
Citation
Ali A, Akbar S and Ormrod P (2016) Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK. Accounting Forum. 40(1): 45-62.
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Link to Version of Record
https://doi.org/10.1016/j.accfor.2015.12.001
Type
Article
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