165257 20251219174252.0 doi 10.1080/17449480.2010.511896 sideral 106748 ART-2010-106748 eng Callao Gastón, Susana Universidad de Zaragoza (orcid)0000-0003-1298-7183 Have IFRS affected earnings management in the European Union? 2010 There has recently been considerable discussion of those features of IFRS that are likely to help improve financial reporting in the European Union. However, certain issues may also have a negative impact on the quality of information. This paper focuses on the effect of IFRS on earnings management. Its main purpose is to examine whether the adoption of IFRS in the European Union has increased or decreased the scope for discretionary accounting practices by comparing discretionary accruals in the periods preceding and immediately after the regulatory change. Another objective is to determine which firms' features and country factors may explain the accounting discretion observed before and after IFRS. We consider a sample of non-financial firms listed on 11 EU stock markets. The results obtained show that earnings management has intensified since the adoption of IFRS in Europe, as discretionary accruals have increased in the period following implementation. The variables explaining accounting discretion are the same before and after IFRS (business size, leverage, investor protection and legal enforcement). These results suggest that variations in earnings management might be due to some room for manipulation under international standards when compared with local standards. Access copy available to the general public Unrestricted info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Jarne Jarne, José Ignacio Universidad de Zaragoza (orcid)0000-0003-0334-192X 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 7, 2 (2010), 159-189 Account. eur. Accounting in Europe 1744-9480 296482 http://zaguan.unizar.es/record/165257/files/texto_completo.pdf Postprint 506835 http://zaguan.unizar.es/record/165257/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:165257 articulos driver 2025-12-19-14:43:55 ARTICLE