Chile. Adopting the IFRS in Chile: Influences on companies and the capital market

Digna Azúa, Verónica Pizarro

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


This study examines the initial impact of adopting the International Financial Reporting Standards (IFRS) in Chile, both on Chilean companies’ financial statements and on their capital market. The aspects that we consider relevant are the following: (1) applying a fair value to the measurement of non-current assets and (2) variations in stock price, in the companies that started applying the Full-IFRS in 2009. The results show that there are a significant number of companies that have experienced an increase in their book value equity (equal to or greater than 25 %). Nevertheless, the use of fair value in assets measurement is observed to be rare. With respect to market capitalization, this study shows that the publication of intermediate financial statements corresponding to the first quarter of 2009 may have generated a positive effect on stock prices on an average of 4.3 %.

Original languageEnglish
Title of host publicationIFRS in a Global World
Subtitle of host publicationInternational and Critical Perspectives on Accounting
PublisherSpringer International Publishing
Number of pages15
ISBN (Electronic)9783319282251
ISBN (Print)9783319282237
StatePublished - 1 Jan 2016


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