IDEAS home Printed from https://ideas.repec.org/a/taf/accfor/v40y2016i1p45-62.html
   My bibliography  Save this article

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

Author

Listed:
  • Arshad Ali
  • Saeed Akbar
  • Phillip Ormrod

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.

Suggested Citation

  • Arshad Ali & Saeed Akbar & Phillip Ormrod, 2016. "Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK," Accounting Forum, Taylor & Francis Journals, vol. 40(1), pages 45-62, March.
    • Handle: RePEc:taf:accfor:v:40:y:2016:i:1:p:45-62
    DOI: 10.1016/j.accfor.2015.12.001
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1016/j.accfor.2015.12.001
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1016/j.accfor.2015.12.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Danquah Jeff Boakye & Gabriel Sam Ahinful & Randolph Nsor-Ambala, 2020. "Chief Executive Officer Compensation and Financial Performance: Evidence from the Alternative Investment Market in the UK," Indian Journal of Corporate Governance, , vol. 13(1), pages 63-84, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:accfor:v:40:y:2016:i:1:p:45-62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/racc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.