Development of Accounting in Poland: Market Efficiency and the Value Relevance of Reported Earnings

@article{Dobija2010DevelopmentOA,
  title={Development of Accounting in Poland: Market Efficiency and the Value Relevance of Reported Earnings},
  author={D. Dobija and K. Klimczak},
  journal={Financial Accounting},
  year={2010}
}
This paper outlines the evolution of the information environment surrounding the Warsaw Stock Exchange in Poland. Like other transition economies, Poland needed to develop accounting regulations to support privatization. We trace changes in financial reporting regulation from 1994, through the adoption of IFRS and corporate governance codes, to the crisis of 2007-2008. The effect of these developments is then evaluated empirically by testing the relevance of earnings of listed corporations from… Expand
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