J. Abarbanell and B. Bushee, Fundamental Analysis, Future Earnings, and Stock Prices, Journal of Accounting Research, vol.35, issue.1, pp.1-24, 1997.
DOI : 10.2307/2491464

D. Aboody and B. Lev, The Value Relevance of Intangibles: The Case of Software Capitalization, Journal of Accounting Research, vol.36, pp.161-191, 1998.
DOI : 10.2307/2491312

A. S. Ahmed and C. Takeda, Stock market valuation of gains and losses on commercial banks' investment securities An empirical analysis, Journal of Accounting and Economics, vol.20, issue.2, pp.207-225, 1995.
DOI : 10.1016/0165-4101(95)00396-Z

A. Alford, J. Jones, R. Leftwich, and M. Zmijewski, The Relative Informativeness of Accounting Disclosures in Different Countries, The Relative Informativeness of Accounting Disclosures in Different Countries », pp.183-223, 1993.
DOI : 10.2307/2491170

A. Ali and L. Hwang, Country-Specific Factors Related to Financial Reporting and the Value Relevance of Accounting Data, Journal of Accounting Research, vol.38, issue.1, pp.1-21, 2000.
DOI : 10.2307/2672920

P. Amadieu and P. Dumontier, « Les chiffres comptables et la valeur de l'entreprise, Faire de la recherche en comptabilité financière, pp.211-224, 2001.

E. Amir, T. S. Harris, and E. K. Venuti, A Comparison of the Value-Relevance of U.S. Versus Non-U.S. GAAP Accounting Measures Using Form 20-F Reconciliations, Journal of Accounting Research, vol.31, pp.230-264, 1993.
DOI : 10.2307/2491172

E. Amir, M. Kirschenheiler, and K. Willard, The Valuation of Deferred Taxes, Contemporary Accounting Research, vol.34, issue.no. 92, pp.597-622, 1997.
DOI : 10.1111/j.1911-3846.1997.tb00543.x

E. Amir and M. Lev, Value-relevance of nonfinancial information: The wireless communications industry, Journal of Accounting and Economics, vol.22, issue.1-3, pp.3-30, 1996.
DOI : 10.1016/S0165-4101(96)00430-2

E. Amir, « The Market Valuation of Accounting Information: The Case of Postretirement Benefits other than Pensions, Accounting Review, vol.68, issue.4, pp.703-724, 1993.

J. H. Anthony and K. R. Petroni, Accounting Estimation Disclosures and Firm Valuation in the Property-Casualty Insurance Industry, Journal of Accounting, Auditing & Finance, vol.48, issue.3, pp.257-281, 1997.
DOI : 10.1002/0471725153

K. J. Arrow, « de la rationnalité ? de l'individu et des autres ? dans un système économique, Revue française d'économie, pp.122-169, 1987.

K. Auer, Capital market reactions to earnings announcements: empirical evidence on the difference in the information content of IAS-based earnings and EC-Directives-based earnings, European Accounting Review, vol.11, issue.4, pp.587-623, 1996.
DOI : 10.2307/2490850

B. C. Ayers, « Deferred tax accounting under SFAS No. 109: An empirical investigation of its incremental value relevance relative to APB No, Accounting Review, vol.73, issue.11, pp.195-212, 1998.

C. E. Baccouche and O. N. Bakini, La relation d'association entre rendement boursier et chiffres comptables, Comptabilit?? - Contr??le - Audit, vol.13, issue.1, 2007.
DOI : 10.3917/cca.131.0107

URL : http://www.cairn.info/load_pdf.php?ID_ARTICLE=CCA_131_0107

K. Bae, . H. Tan, and M. Welker, International GAAP Differences: The Impact on Foreign Analysts, The Accounting Review, vol.83, issue.3, pp.593-628, 2008.
DOI : 10.2308/accr.2008.83.3.593

R. Ball and P. Brown, An Empirical Evaluation of Accounting Income Numbers, Journal of Accounting Research, vol.6, issue.2, pp.159-178, 1968.
DOI : 10.2307/2490232

R. Ball, S. Kothari, and A. Robin, The effect of international institutional factors on properties of accounting earnings, Journal of Accounting and Economics, vol.29, issue.1, pp.1-52, 2000.
DOI : 10.1016/S0165-4101(00)00012-4

R. Ball, A. Robin, and J. Wu, Incentives versus standards: properties of accounting income in four East Asian countries, Journal of Accounting and Economics, vol.36, issue.1-3, pp.235-270, 2003.
DOI : 10.1016/j.jacceco.2003.10.003

A. Ballas, Valuation Implications Of The Components Of Earnings: Cross-sectional Evidence From Greece, SSRN Electronic Journal, 1997.
DOI : 10.2139/ssrn.55180

S. Balsam and R. Lipka, « Share prices and alternative measures of earnings per share, Accounting Horizons, vol.12, pp.234-249, 1998.

S. P. Bandyopadhay, J. D. Hanna, and G. Richardson, Capital Market Effects of U.S.-Canada GAAP Differences, Capital market effects of US? Canada GAAP differences, pp.262-277, 1994.
DOI : 10.2307/2491285

B. Bao and L. Chow, The Usefulness of Earnings and Book Value for Equity Valuation in Emerging Capital Markets: Evidence From Listed Companies in the People's Republic of China, Journal of International Financial Management and Accounting, vol.10, issue.2, 1999.
DOI : 10.1111/1467-646X.00045

M. E. Barth, W. H. Beaver, and W. Landsman, « Value relevance of banks'fair value disclosures under SFAS No, The Accounting Review, vol.71, issue.107, pp.513-537, 1996.

M. E. Barth, « Relative measurement errors among alternative pension asset and liability measures, The Accounting Review, vol.66, pp.433-463, 1991.

M. E. Barth, « Fair value accounting: Evidence from investment securities and the market valuation of banks, Accounting Review, vol.69, pp.1-25, 1994.

M. E. Barth, W. H. Beaver, and W. Landsman, The market valuation implications of net periodic pension cost components, Journal of Accounting and Economics, vol.15, issue.1, pp.27-62, 1992.
DOI : 10.1016/0165-4101(92)90011-P

M. E. Barth, W. H. Beaver, and W. R. Landsman, The relevance of the value relevance literature for financial accounting standard setting: another view, Journal of Accounting and Economics, vol.31, issue.1-3, pp.77-104, 2001.
DOI : 10.1016/S0165-4101(01)00019-2

M. E. Barth and G. Clinch, International Accounting Differences and Their Relation to Share Prices: Evidence from U.K., Australian, and Canadian Firms, Contemporary Accounting Research, vol.48, issue.Supplement, pp.135-170, 1996.
DOI : 10.1111/j.1911-3846.1996.tb00495.x

M. E. Barth and G. Clinch, Revalued Financial, Tangible, and Intangible Assets: Associations with Share Prices and Non-Market-Based Value Estimates, Journal of Accounting Research, vol.36, pp.199-233, 1998.
DOI : 10.2307/2491314

M. E. Barth and M. F. Mcnichols, Estimation and Market Valuation of Environmental Liabilities Relating to Superfund Sites, Journal of Accounting Research, vol.32, pp.177-209, 1994.
DOI : 10.2307/2491446

E. Bartov, Foreign Currency Exposure of Multinational Firms: Accounting Measures and Market Valuation, Contemporary Accounting Research, vol.62, issue.2, pp.623-652, 1997.
DOI : 10.1111/j.1911-3846.1997.tb00544.x

E. Bartov, S. Goldberg, and M. Kim, Comparative Value Relevance Among German, U.S., and International Accounting Standards: A German Stock Market Perspective, Journal of Accounting, Auditing & Finance, vol.40, issue.3, pp.95-119, 2005.
DOI : 10.1177/0148558X0502000201

M. P. Bauman, « A Review of Fundamental Analysis Research in Accounting », Journal of Accounting Literature, vol.15, pp.1-33, 1996.

W. Beaver, The Information Content of Annual Earnings Announcements, Journal of Accounting Research, vol.6, pp.67-92, 1968.
DOI : 10.2307/2490070

W. H. Beaver, R. Clarke, and W. F. Wright, The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors, Journal of Accounting Research, vol.17, issue.2, pp.316-340, 1979.
DOI : 10.2307/2490507

W. H. Beaver and R. E. Dukes, « Interperiod tax allocation earnings expectations, and the behavior of security prices, Accounting Review, vol.47, pp.320-418, 1972.

J. Beckman, C. Brandes, and B. Eierle, German Reporting Practices: An Analysis of Reconciliations from German Commercial Code to IFRS or US GAAP, Advances in International Accounting, pp.253-94, 2007.
DOI : 10.1016/S0897-3660(07)20009-1

V. J. Bernard, J. Thomas, and . Wahlen, Accounting-Based Stock Price Anomalies: Separating Market Inefficiencies from Risk, Contemporary Accounting Research, vol.14, issue.2, pp.89-136, 1997.
DOI : 10.1111/j.1911-3846.1997.tb00529.x

G. C. Biddle, R. M. Bowen, and J. S. Wallace, Does EVA?? beat earnings? Evidence on associations with stock returns and firm values, Journal of Accounting and Economics, vol.24, issue.3, pp.301-336, 1997.
DOI : 10.1016/S0165-4101(98)00010-X

Y. Biondi, « La valorisation des actifs dans le cadre conceptuel de la future normalisation comptable internationale, pp.55-72, 2004.
DOI : 10.3917/cca.102.0055

URL : http://www.cairn.info/load_pdf.php?ID_ARTICLE=CCA_102_0055

E. L. Black, « Life-cycle impacts on the incremental value-relevance of earnings and cash flow measures », Journal of Financial Statement Analysis, pp.40-56, 1998.

G. M. Bodnar and J. Weintrop, The valuation of the foreign income of US multinational firms: a growth opportunities perspective, Journal of Accounting and Economics, vol.24, issue.1, pp.69-97, 1997.
DOI : 10.1016/S0165-4101(97)00016-5

C. A. Botosan and M. A. Plumlee, A Re-examination of Disclosure Level and the Expected Cost of Equity Capital, Journal of Accounting Research, vol.40, issue.1, pp.21-40, 2002.
DOI : 10.1111/1475-679X.00037

S. Brown, «Estimating volatility Financial options: from theory to practice», 1990.

S. J. Brown and J. B. Warner, Measuring security price performance, Journal of Financial Economics, vol.8, issue.3, pp.3-205, 1980.
DOI : 10.1016/0304-405X(80)90002-1

S. J. Brown and J. B. Warner, « Using daily stock returns, the case of event studies, Journal of Financial Economics, vol.14, pp.1-3, 1985.

D. C. Burgstahler, L. Hail, and C. Leuz, « The importance of reporting incentives: Earnings management in European private and public firms, The Accounting Review, issue.5, pp.81-983, 2006.

R. Bushman and A. Smith, Financial accounting information and corporate governance, Journal of Accounting and Economics, vol.32, issue.1-3, pp.237-333, 2001.
DOI : 10.1016/S0165-4101(01)00027-1

S. Callao, J. I. Jarne, and J. A. Laínez, Adoption of IFRS in Spain: Effect on the comparability and relevance of financial reporting, Journal of International Accounting, Auditing and Taxation, vol.16, issue.2, pp.148-178, 2007.
DOI : 10.1016/j.intaccaudtax.2007.06.002

A. Castagna and Z. P. Matolcsy, The Marginal Information Content of Selected Items In Financial Statements, Journal of Business Finance & Accounting, vol.41, issue.3, pp.317-333, 1989.
DOI : 10.2307/2490598

J. L. Chan, R. H. Jones, and K. G. Lüder, « Modeling Governmental Accounting Innovations: An Assessment and Future Research Directions, Research in Governmental Nonprofit Accounting, pp.1-19, 1996.

K. C. Chan and G. S. Seow, The association between stock returns and foreign GAAP earnings versus earnings adjusted to U.S. GAAP, Journal of Accounting and Economics, vol.21, issue.1, pp.139-158, 1996.
DOI : 10.1016/0165-4101(95)00405-X

P. K. Chaney and D. C. Jeter, The Effect of Deferred Taxes on Security Prices, Journal of Accounting, Auditing & Finance, vol.15, issue.1, pp.91-116, 1994.
DOI : 10.1177/0148558X9400900106

G. K. Chau and . S. Gray, Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore, Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore, pp.247-265, 2002.
DOI : 10.1016/S0020-7063(02)00153-X

H. Chen and H. Sami, Trading Volume Reaction to the Earnings Reconciliation from IAS to U. S. GAAP, Contemporary Accounting Research, vol.25, issue.1, 2006.
DOI : 10.1506/car.25.1.1

J. P. Chen, S. Chen, and X. Su, Is accounting information value-relevant in the emerging Chinese stock market?, Journal of International Accounting, Auditing and Taxation, vol.10, issue.1, pp.1-22, 2001.
DOI : 10.1016/S1061-9518(01)00033-7

C. S. Cheng, C. Liu, and T. F. Schaefer, « The value relevance of SFAS No. 95 cash flows from operations as assessed by security market effects, pp.1-15, 1997.

G. S. Chow, Tests of Equality Between Sets of Coefficients in Two Linear Regressions, Econometrica, vol.28, issue.3, pp.591-605, 1960.
DOI : 10.2307/1910133

H. B. Christensen, E. Lee, and M. Walker, Do IFRS Reconciliations Convey Information? The Effect of Debt Contracting, Journal of Accounting Research, vol.48, issue.Supplement, pp.1167-1199, 2009.
DOI : 10.1111/j.1475-679X.2009.00345.x

K. Chung and J. K. Kim, Corporate ownership and the value of a vote in an emerging market, Journal of Corporate Finance, vol.5, issue.1, pp.35-54, 1999.
DOI : 10.1016/S0929-1199(98)00014-5

B. Colasse, « Harmonisation comptable internationale », dans : Encyclopédie de comptabilité, contrôle de gestion et audit, Economica, pp.757-769, 2000.

D. W. Collins and S. O. Kothari, An analysis of intertemporal and cross-sectional determinants of earnings response coefficients, Journal of Accounting and Economics, vol.11, issue.2-3, pp.143-181, 1989.
DOI : 10.1016/0165-4101(89)90004-9

D. Cormier, M. Magnan, and D. M. Zéghal, La pertinence et l'utilit?? pr??dictive de mesures de performance financi??re??: une comparaison France, ??tats-Unis et Suisse, Comptabilit?? - Contr??le - Audit, vol.7, issue.1, pp.77-105, 2001.
DOI : 10.3917/cca.071.0077

H. Daske, Economic Benefits of Adopting IFRS or US-GAAP - Have the Expected Cost of Equity Capital Really Decreased?, Journal of Business Finance <html_ent glyph="@amp;" ascii="&"/> Accounting, vol.73, issue.3-4, pp.329-373, 2006.
DOI : 10.1016/S0165-4101(00)00016-1

P. Dechow, S. P. Kothari, and R. Watts, The relation between earnings and cash flows, The relation between earnings and cash flows, pp.133-168, 1998.
DOI : 10.1016/S0165-4101(98)00020-2

P. Dechow and D. Skinner, « Earnings management. Reconciling the views of accounting academics, practitioners and regulators », Accounting Horizons, pp.235-250, 2000.

D. Dhaliwal, K. R. Subramanyam, and R. Trezevant, Is comprehensive income superior to net income as a measure of firm performance?, Journal of Accounting and Economics, vol.26, issue.1-3, pp.3-143, 1999.
DOI : 10.1016/S0165-4101(98)00033-0

Y. Ding, O. Hope, T. Jeanjean, and H. Stolowy, Differences between domestic accounting standards and IAS: Measurement, determinants and implications, Differences between Domestic Accounting Standards and IAS: Measurement, Determinants, and Implications, pp.1-38, 2007.
DOI : 10.1016/j.jaccpubpol.2006.11.001

URL : https://hal.archives-ouvertes.fr/hal-00584707

C. Disle and R. Janin, « La norme IFRS 3 a-t-elle amélioré le contenu informatif du goodwill ? Étude des amortissements et des dépréciations du goodwill des groupes du SBF 250 sur la période, Comptabilité Contrôle-Audit / Numéro thématique ? décembre, pp.247-268, 2001.

P. Dumontier and I. Martinez, « Les études d'événement en comptabilité financière, Dumontier P. et Teller R. (Coord.), « Faire de la recherche en comptabilité financière », Vuibert, pp.103-115, 2001.

P. Dumontier and B. Rffournier, Accounting and capital markets: a survey of the European evidence, European Accounting Review, vol.25, issue.1, p.1, 2002.
DOI : 10.2307/2490736

A. Dyck and L. Zingales, Private Benefits of Control: An International Comparison, The Journal of Finance, vol.55, issue.2, pp.537-600, 2007.
DOI : 10.1111/j.1540-6261.2004.00642.x

P. D. Easton, Security returns and the value relevance of accounting data », Accounting Horizons, pp.399-412, 1999.

P. D. Easton and T. S. Harris, Earnings Asan Explanatory Variable for Returns, Journal of Accounting Research, vol.29, issue.1, pp.19-36, 1991.
DOI : 10.2307/2491026

P. D. Easton, T. S. Harris, and J. Ohlson, Aggregate accounting earnings can explain most of security returns, Journal of Accounting and Economics, vol.15, issue.2-3, pp.119-142, 1992.
DOI : 10.1016/0165-4101(92)90015-T

A. Eccher, K. Ramesh, and S. Thiagarajan, Fair value disclosures by bank holding companies, «Fair value disclosures by bank holding companies», pp.79-117, 1996.
DOI : 10.1016/S0165-4101(96)00438-7

E. Eccher and P. Healy, The Role of International Accounting Standards in Transitional Economies: A Study of the People's Republic of China, Massachusetts Institute of Technology, 2000.
DOI : 10.2139/ssrn.233598

B. Eckbo and D. Smith, The Conditional Performance of Insider Trades, The Journal of Finance, vol.48, issue.2, pp.467-498, 1998.
DOI : 10.1111/0022-1082.205263

N. Eckel, «The income smoothing hypothesis revisited», Abacus, juin, pp.28-40, 1981.

S. M. El-gazzar, P. M. Finn, and R. Jacob, An empirical investigation of multinational firms' compliance with International Accounting Standards, The International Journal of Accounting, vol.34, issue.2, pp.239-248, 1999.
DOI : 10.1016/S0020-7063(99)00005-9

K. Ely and G. Waymire, « Accounting Standard-Setting Organizations and Earnings Relevance: Longitudinal Evidence From NYSE Common Stocks, Journal of Accounting Research, vol.37, pp.1927-93, 1999.

E. Fama, L. Fischer, M. Jensen, and R. Roll, The Adjustment of Stock Prices to New Information, The Adjustment of Stock Prices to New Information, pp.1-21, 1969.
DOI : 10.2307/2525569

E. Fama and K. French, The Cross-Section of Expected Stock Returns, The Journal of Finance, vol.4, issue.2, pp.427-465, 1992.
DOI : 10.1111/j.1540-6261.1992.tb04398.x

E. F. Fama, The Behavior of Stock-Market Prices, The Journal of Business, vol.38, issue.1, pp.1-31, 1965.
DOI : 10.1086/294743

E. F. Fama, Efficient Capital Markets: A Review of Theory and Empirical Work, The Journal of Finance, vol.25, issue.2, pp.383-417, 1970.
DOI : 10.2307/2325486

E. F. Fama, Efficient Capital Markets: II, The Journal of Finance, vol.44, issue.Supplement, pp.51575-1617, 1991.
DOI : 10.1111/j.1540-6261.1991.tb04636.x

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.392.2438

E. F. Fama and M. Blaume, « Filter rules and stock market trading profits, pp.226-241, 1966.
DOI : 10.1086/294849

G. Feltham and J. Ohlson, Valuation and Clean Surplus Accounting for Operating and Financial Activities, Contemporary Accounting Research, vol.6, issue.2, pp.689-731, 1995.
DOI : 10.1111/j.1911-3846.1995.tb00462.x

T. D. Fields, S. Rangan, and S. R. Thiagarajan, « An empirical evaluation of the usefulness of non-GAAP performance measures in the REIT industry, Review of Accounting Studies, vol.3, issue.1/2, pp.103-130, 1998.
DOI : 10.1023/A:1009680401226

C. A. Finger, The Ability of Earnings to Predict Future Earnings and Cash Flow, Journal of Accounting Research, vol.32, issue.2, pp.210-223, 1994.
DOI : 10.2307/2491282

J. Francis and K. Schipper, Have Financial Statements Lost Their Relevance?, Journal of Accounting Research, vol.37, issue.2, pp.319-52, 1999.
DOI : 10.2307/2491412

L. Franzen and S. Radhakrishnan, The value relevance of R&D across profit and loss firms, Journal of Accounting and Public Policy, vol.28, issue.1, pp.1-16, 2009.
DOI : 10.1016/j.jaccpubpol.2008.11.006

R. Freeman and S. Tse, A Nonlinear Model of Security Price Responses to Unexpected Earnings, Journal of Accounting Research, vol.30, issue.2, pp.185-209, 1992.
DOI : 10.2307/2491123

K. R. French, Stock returns and the weekend effect, « Stock Returns and the Weekend Effect, pp.55-69, 1980.
DOI : 10.1016/0304-405X(80)90021-5

K. R. French and R. Roll, Stock return variances, Journal of Financial Economics, vol.17, issue.1, pp.5-26, 1986.
DOI : 10.1016/0304-405X(86)90004-8

H. Friderichs, B. Paranque, and . Sauvea, « Structures of Corporate Finance in Germany and France: A Comparative Analysis for West German and French Incorporated Enterprises with Special Reference to Institutional Factors, Corporate Finance in Germany and France ». Frankfurt am Main, pp.64-136, 1999.

N. Gonedes, A Note on Accounting-Based and Market-Based Estimates of Systematic Risk, The Journal of Financial and Quantitative Analysis, vol.10, issue.2, pp.355-358, 1975.
DOI : 10.2307/2979041

V. Gopalakrishnan, The effect of recognition vs. disclosure on investor valuation: The case of pension accounting, Review of Quantitative Finance and Accounting, vol.58, issue.4, pp.383-396, 1994.
DOI : 10.1007/BF01078805

V. Gopalakrishnan and T. F. Sugrue, AN EMPIRICAL INVESTIGATION OF STOCK MARKET VALUATION OF CORPORATE PROJECTED PENSION LIABILITIES, Journal of Business Finance & Accounting, vol.20, issue.5, pp.711-724, 1993.
DOI : 10.2307/2491021

R. C. Graham, G. C. Lefanowicz, and K. R. Petroni, Value-Relevance of Fair Value Disclosures for Investments in Securities Accounted for Under the Equity Method, SSRN Electronic Journal, 1998.
DOI : 10.2139/ssrn.137398

S. J. Grossman and R. J. Shiller, «The Determinants of the Variability of Stock Market Prices», American Economic Review, vol.71, pp.2-222, 1981.
DOI : 10.3386/w0564

I. Hachette, « Opérations financières et transfert de richesse », PUF collection finance, 1994.

I. Hachette and H. M. Mai, « le traitement des données manquantes pour la recherche en finance : le cas de la base de données AFFI-SBF, Hamon J. et Jacquillat « Recherche en Finance du CEREG, pp.17-68, 1994.

C. S. Hakkio and M. Rush, « Market Efficiency and Cointegration: An Application to the Sterling and Deutschmark Exchange Rates, Journal of International Money and Finance, vol.9, pp.75-88, 1989.

A. Haller and J. Kepler, « Financial Accounting Developments in the European Union : past event and future prospects, The European Accounting Review, pp.153-190, 2002.

M. S. Harris and K. A. Muller, The market valuation of IAS versus US-GAAP accounting measures using Form 20-F reconciliations, Journal of Accounting and Economics, vol.26, issue.1-3, pp.285-312, 1999.
DOI : 10.1016/S0165-4101(99)00003-8

T. Harris, M. Lang, and H. Moller, The Value Relevance of German Accounting Measures: An Empirical Analysis, Journal of Accounting Research, vol.32, issue.2, pp.187-209, 1994.
DOI : 10.2307/2491281

T. S. Harris and J. A. Ohlson, « Accounting disclosures and the market's valuation of oil and gas properties, Accounting Review, vol.62, pp.651-670, 1987.

H. R. Hatfield, Some Variations in Accounting Practice in England, France, Germany and the United States, Journal of Accounting Research, vol.4, issue.2, pp.169-182, 1966.
DOI : 10.2307/2489952

P. M. Healy, A. P. Hutton, and K. G. Palepu, Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure, Contemporary Accounting Research, vol.11, issue.3, pp.485-520, 1999.
DOI : 10.1111/j.1911-3846.1999.tb00592.x

P. M. Healy and K. G. Palepu, Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature, Journal of Accounting and Economics, vol.31, issue.1-3, pp.405-440, 2001.
DOI : 10.1016/S0165-4101(01)00018-0

S. L. Henning and T. Stock, « The value relevance of goodwill write-offs, 1997.

M. Hirschey, V. J. Richardson, and S. W. Scholz, Value Relevance of Nonfinancial Information: The Case of Patent Data, SSRN Electronic Journal, 1998.
DOI : 10.2139/ssrn.63589

M. Hirshey, Intangible Capital Aspects of Advertising and R & D Expenditures, The Journal of Industrial Economics, vol.30, issue.4, pp.375-390, 1982.
DOI : 10.2307/2097924

G. Hofstede, « Culture's Consequences, 1980.

G. Hofstede, « Dimensions of national cultures in fifty countries and three regions, Explications in Cross-cultural Psychology, pp.335-55, 1983.

R. W. Holthausen and R. L. Watts, «The relevance of the value-relevance literature for financial accounting standard setting», Journal of Accounting & Economics, vol.31, pp.1-33, 2001.

R. W. Houlthausen, Testing the relative power of accounting standards versus incentives and other institutional features to influence the outcome of financial reporting in an international setting, Journal of Accounting and Economics, vol.36, issue.1-3, pp.271-283, 2003.
DOI : 10.1016/j.jacceco.2003.10.004

J. Horton and G. Serafeim, Market reaction to and valuation of IFRS reconciliation adjustments: first evidence from the UK, Review of Accounting Studies, vol.32, issue.7, pp.1380-6653, 2009.
DOI : 10.1007/s11142-009-9108-5

R. E. Hoskin, J. S. Hughes, and W. E. Ricks, Evidence on the Incremental Information Content of Additional Firm Disclosures Made Concurrently with Earnings, Journal of Accounting Research, vol.24, pp.1-32, 1986.
DOI : 10.2307/2490726

P. Hribar and D. W. Collins, Errors in Estimating Accruals: Implications for Empirical Research, Journal of Accounting Research, vol.40, issue.1, pp.105-134, 2002.
DOI : 10.1111/1475-679X.00041

M. Hung, Accounting standards and value relevance of financial statements: An international analysis, Journal of Accounting and Economics, vol.30, issue.3, pp.401-420, 2001.
DOI : 10.1016/S0165-4101(01)00011-8

M. Hung and K. Subramanyam, Financial statement effects of adopting international accounting standards: the case of Germany, Review of Accounting Studies, vol.57, issue.Supplement, pp.623-657, 2007.
DOI : 10.1007/s11142-007-9049-9

L. C. Jeffrey and M. Morel, « The valuation relevance of R&D expenditures: Time series evidence, International Review of Financial Analysis, vol.14, pp.304-325, 2005.

M. Jensen, Some anomalous evidence regarding market efficiency, Journal of Financial Economics, vol.6, issue.2-3, pp.95-101, 1978.
DOI : 10.1016/0304-405X(78)90025-9

E. Jermakowicz, J. Prather-kinsey, and I. Wulf, The Value Relevance of Accounting Income Reported by DAX-30 German Companies, Journal of International Financial Management & Accounting, vol.5, issue.3, 2007.
DOI : 10.1111/1540-6261.00457

P. Joos and M. Lang, The Effects of Accounting Diversity: Evidence from the European Union, Journal of Accounting Research, vol.32, pp.141-168, 1994.
DOI : 10.2307/2491444

R. Kasznik, On the Association Between Voluntary Disclosure and Earnings Management, SSRN Electronic Journal, vol.37, pp.57-81, 1999.
DOI : 10.2139/ssrn.15062

D. Kaufmann, A. Kraay, and M. Mastruzzi, Governance matters VI: Aggregate and individual governance indicators, 1996.

R. King and J. Langli, Accounting diversity and firm valuation, The International Journal of Accounting, vol.33, issue.5, pp.529-567, 1998.
DOI : 10.1016/S0020-7063(98)90012-7

R. D. King and J. C. Langli, Accounting diversity and firm valuation, Accounting diversity and firm valuation, pp.529-567, 1999.
DOI : 10.1016/S0020-7063(98)90012-7

L. Porta, R. Lopez-de-silanes, F. Shleifer, and A. , Corporate Ownership Around the World, Corporate ownership around the world, pp.471-517, 1999.
DOI : 10.1111/0022-1082.00115

W. Landsman and E. Maydew, Has the Information Content of Quarterly Earnings Announcements Declined in the Past Three Decades?, Journal of Accounting Research, vol.40, issue.3, pp.797-807, 1999.
DOI : 10.1111/1475-679X.00071

A. Laramée and B. Vallée, « La recherche en communication », Éléments de méthodologie, 1991.

G. Latridis and S. Rouvolis, The post-adoption effects of the implementation of International Financial Reporting Standards in Greece, Journal of International Accounting, Auditing and Taxation, vol.19, issue.1, pp.55-65, 2010.
DOI : 10.1016/j.intaccaudtax.2009.12.004

C. Leuz, D. Nanda, and P. D. Wysocki, Earnings management and investor protection: an international comparison, Journal of Financial Economics, vol.69, issue.3, pp.505-527, 2003.
DOI : 10.1016/S0304-405X(03)00121-1

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.461.2862

B. Lev, On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research, Journal of Accounting Research, vol.27, pp.153-192, 1989.
DOI : 10.2307/2491070

B. Lev and T. Sougiannis, The capitalization, amortization, and value-relevance of R&D, Journal of Accounting and Economics, vol.21, issue.1, pp.107-138, 1996.
DOI : 10.1016/0165-4101(95)00410-6

B. Lev and R. Thiagarajan, Fundamental Information Analysis, Journal of Accounting Research, vol.31, issue.2, pp.190-215, 1993.
DOI : 10.2307/2491270

S. Li, Does Mandatory Adoption of International Financial Reporting Standards in the European Union Reduce the Cost of Equity Capital? ». The Accounting Review, pp.607-636, 2010.

J. J. Lilti, « Les apports de la cointégration aux tests d'efficience », pp.47-63, 1994.

C. Y. Lim, G. H. Yeo, and C. Liu, Information asymmetry and accounting disclosures for joint ventures, « Information asymmetry and accounting disclosures for joint ventures, pp.23-39, 2003.
DOI : 10.1016/S0020-7063(03)00003-7

J. Lintner, The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets, The Review of Economics and Statistics, vol.47, issue.1, pp.13-37, 1965.
DOI : 10.2307/1924119

R. C. Lipe, The Information Contained in the Components of Earnings, Journal of Accounting Research, vol.24, pp.37-63, 1986.
DOI : 10.2307/2490728

J. Liu and J. Thomas, Stock Returns and Accounting Earnings, Stock returns and accounting earnings, pp.71-101, 2000.
DOI : 10.2307/2672923

R. E. Lucas, Asset Prices in an Exchange Economy, Econometrica, vol.46, issue.6, pp.1429-1445, 1978.
DOI : 10.2307/1913837

R. Magee, Accounting Changes and Security Returns: A Time Series Analysis, Collected Papers of the American » Accounting Association's Annual Meeting, pp.323-338, 1975.

J. Marton, Accounting and Stock Markets ? A study of Swedish accounting for international investors and analysts, 1998.

S. V. Meulen, A. Gaeremynck, and M. Willekens, Attribute differences between U.S. GAAP and IFRS earnings: An exploratory study, The International Journal of Accounting, vol.42, issue.2, pp.123-142, 2007.
DOI : 10.1016/j.intacc.2007.04.001

F. Modigliani and M. H. Miller, « Some estimates of the Cost of Capital to the Electric Utility Industry, American Economic Review, vol.56, pp.1954-57, 1966.

A. Mora and M. Arce, « Empirical evidence of the effect of European accounting differences on the stock market valuation of earning and book value, The European Accounting Review, vol.11, issue.3, pp.573-599, 2002.

D. Morse, Assymetrical information in securities markets and trading volume», Journal of Financial Economics, vol.13, pp.435-455, 1980.

R. D. Nair and W. G. Frank, « The Impact of Disclosure and Measurement Practices in International Accounting Classifications, Accounting Review, issue.3, pp.426-450, 1980.

K. K. Nelson, « Fair value accounting for commercial banks: An empirical analysis of SFAS No, Accounting Review, vol.71, issue.107, pp.161-182, 1996.

J. Niskanen, J. Kinnunen, and E. Kasanen, The value relevance of IAS reconciliation components: empirical evidence from Finland, Journal of Accounting and Public Policy, vol.19, issue.2, pp.119-137, 2000.
DOI : 10.1016/S0278-4254(00)00002-8

C. W. Nobes, A JUDGEMENTAL INTERNATIONAL CLASSIFICATION OF FINANCIAL REPORTING PRACTICES, Journal of Business Finance & Accounting, vol.10, issue.1980, 1983.
DOI : 10.2307/2490974

C. W. Nobes, « International classification of financial reporting, 1984.

J. A. Ou and S. H. Penman, Financial statement analysis and the prediction of stock returns, Journal of Accounting and Economics, vol.11, issue.4, pp.295-329, 1989.
DOI : 10.1016/0165-4101(89)90017-7

M. Paananen and N. Parmar, « The Adoption of IFRS in the UK », working paper, 2008.

P. Paglietti, « Earnings management, timely loss recognition and value relevance in Europe following the IFRS mandatory adoption: evidence from Italian listed companies, Economia Aziendale Online 2000 Web 98, pp.97-117, 2009.

G. Paik, « The Value Relevance of Fixed Asset Revaluation Reserves in international Accounting, International Management Review, vol.5, pp.73-80, 2009.

M. Pagano, A. Roell, and J. Et-zehner, The Geography of Equity Listing: Why Do Companies List Abroad?, The Journal of Finance, vol.15, issue.3, pp.2651-2694, 2002.
DOI : 10.1111/1540-6261.00509

K. R. Petroni and J. M. Wahlen, Fair Values of Equity and Debt Securities and Share Prices of Property-Liability Insurers, The Journal of Risk and Insurance, vol.62, issue.4, pp.719-737, 1995.
DOI : 10.2307/253592

P. Quiry, L. Fur, and Y. , « Actualité : Quelques réflexions sur les évolutions actuelles de la comptabilité et les projets de l'IASB », La lettre Vernimmen.net, n° 26, 2004.

L. Rees and P. Elgers, The Market's Valuation of Nonreported Accounting Measures: Retrospective Reconciliations of Non-U.S. and U.S. GAAP, Journal of Accounting Research, vol.35, issue.1, pp.115-127, 1997.
DOI : 10.2307/2491470

L. Rees and D. Stott, « The value relevance of stock-based employee compensation disclosures, 1999.

M. Runsten, « The association between accounting information and stock prices ? model development and empirical tests based on Swedish data, 1998.

A. Schiebel, Value Relevance of German Gaap and IFRS Consolidated Financial Reporting: An Empirical Analysis on the Frankfurt Stock Exchange, SSRN Electronic Journal, 2007.
DOI : 10.2139/ssrn.916103

T. Shevlin, « The valuation of R&D firms with R&D limited partnerships, Accounting Review, vol.66, pp.1-21, 1991.

R. Shiller, Stock Prices and Social Dynamics, Brookings Papers on Economic Activity, vol.1984, issue.2, pp.457-510, 1984.
DOI : 10.2307/2534436

E. R. Shoenthal, « Classification of Accounting Systems Using Competencies as a Discriminating Variable: a Great Britain-United States Study, Journal of Business Finance and Accounting, 1989.

H. A. Simon, A Behavioral Model of Rational Choice, The Quarterly Journal of Economics, vol.69, issue.1, pp.99-118, 1955.
DOI : 10.2307/1884852

S. Skogsvik, « Redovisningsmått värderelevans och informationseffektivitet», 2002.

N. S. Soderstrom and K. J. Sun, IFRS Adoption and Accounting Quality: A Review, IFRS Adoption and Accounting Quality: A Review, pp.675-702, 2007.
DOI : 10.1111/1475-679X.00116

S. Swaminathan and J. Weintrop, The Information Content of Earnings, Revenues, and Expenses, The Information Content of Earnings, Revenues, and Expenses », pp.418-445, 1991.
DOI : 10.2307/2491058

B. Trueman and S. Titman, An Explanation for Accounting Income Smoothing, Journal of Accounting Research, vol.26, pp.127-139, 1988.
DOI : 10.2307/2491184

B. Trueman, M. H. Wong, and X. Zhang, The Eyeballs Have It: Searching for the Value in Internet Stocks, The Eyeballs Have It: Searching for the Value in Internet Stocks », pp.137-169, 2000.
DOI : 10.2307/2672912

B. Van-tendeloo and A. Vanstraelen, Earnings management under German GAAP versus IFRS, European Accounting Review, vol.65, issue.1, pp.155-180, 2005.
DOI : 10.1111/1468-5957.00277

M. Venkatachalam, Value-relevance of banks' derivatives disclosures, Journal of Accounting and Economics, vol.22, issue.1-3, pp.327-355, 1996.
DOI : 10.1016/S0165-4101(96)00433-8

L. Vincent, « Equity valuation implications of purchase versus pooling accounting, Journal of Financial Statement Analysis, vol.2, pp.5-20, 1997.

L. Vincent, The information content of funds from operations (FFO) for real estate investment trusts (REITs), Journal of Accounting and Economics, vol.26, issue.1-3, pp.69-104, 1999.
DOI : 10.1016/S0165-4101(98)00039-1

T. D. Warfield and J. J. Wild, « Accounting Recognition and the Relevance of Earnings as an Explanatory Varibale for Returns, The Accounting Review, vol.67, pp.821-842, 1992.

R. Watts and J. Zimmerman, « Towards a positive theory of the determination of accounting standards. », The Accounting Review, pp.112-134, 1978.

C. Environnemental, E. Institutionnel-de-l-'etude-empirique???????., . ???????, . Du-chapitre-05???????., and . ???????, ??? 132 SECTION 01 : Description de l'environnement de l'étude empirique ???????, CHAPITRE 05, p.134

. Traitement-des-données???????., . ???????, and . ???????, 163 3.2.1. Les traitements des données manquantes???????, ?????.. 163 3.2.2. Traitement des Valeurs aberrantes et extrêmes (outliers) ??????... 164

. Le-test-de-cramer-)-???????. and . ???????, ??????. 175 SECTION 02 : Résultats de l'étude empirique ???????, p.177, 1987.

. Résultats-des-régressions???????. and . ???????, ????? 184 a. Résultats selon le degré de protection des investisseurs ???????, 186 b. Résultats selon le niveau de différence entre les normes locales et les IFRS ???????..???????..????????????.. 189

. Résultats-de-l-'étude-empirique, modèle basé sur les rendements) ???????.. 195 2.1. L'influence de l'adoption des IFRS sur la pertinence informationnelle des chiffres comptables dans l'échantillon global ???????, ??????.. 195 2.1.1. Statistiques descriptives des variables ???????..??????? 195 2.1.2. Résultats des régressions ???????..???????..????

. Résultats-des-régressions???????. and . ????????????, 201 a. Résultats selon le degré de protection des investisseurs ???????, p.201

?. Démarche-empirique, . ???????, and . ?????????, 213 1.1. Définition des variables de contrôle, ???????..???????.. 213 1.2. Définition des modèles empiriques????????..???..?????

. Description-de-la-démarche-empirique???????, ??????????? 233 1.1. Mesure de la qualité des Accruals ???????, p.233

?. Présentation and . ???????, ???? 237 2.1. Résultats sur l'échantillon global ???????..??????????.. 237 2.2. Résultats en fonction de la force juridique ???????, ??????? 238 2.3. Résultats en fonction du degré de différence entre les normes locales et les IFRS ???????..???????..???????..??????.. 239

C. Generale??????? and . ???, ??????????? 243 Les contributions de la recherche?, ???????..???????..????, p.250

. Grande-bretagne, 381)** (0.222)** 0