Information content of consolidated versus parent company financial statements with emphasis on the role of international Financial Reporting Standards. Evidence from the two capital markets ( Iran and Singapore)

Abstract

Information content of consolidated versus parent company financial statements with emphasis on the role of international Financial Reporting Standards. Evidence from the two capital markets ( Iran and Singapore) in this paper, information content of consolidated versus parent companies financial statement was analyzed. the sample of this study included the real information of 46 companies in Tehran stock Exchange and 92 companies in Singapore stock Exchange between 2010 and 2014. In this study, descriptive statistics and panel data and undated model were used to analyze the data.our finding indicated that the information content of consolidated financial statements is more than parent company financial statements .Also, the scope of this study was focused on role of international financial reporting standards in providing consolidated financial statement. The result suggested that consolidated financial statement in stock Exchange market in Singapore include more information content than financial statement in stock Exchange market in Iran.

Keywords

• "consolidated financial statements "
• "parent company financial statements"
• "information content."