IFRS adoption and value relevance of accounting information in the V4 region

The article compares the value relevance of information contained in financial statements, namely earnings, operating cash flows and book equity, V4 countries (the Czech Republic, Hungary, Poland Slovakia). Using a dataset 604 firm-year observations for period 2005–2017, we identify higher accounting Hungarian capital markets than Poland. statements Slovak listed firms are found not to present relevant information. most metric on Prague Budapest stock exchanges earnings. For Republic Poland, find that investors between-period changes more absolute amounts period. Finally, exhibit considerable improvement approximately five years after adopting IFRS.