Cross data analysis for the basic model ( Table 8 ) shows an increasing trend in value relevance, adjusted R 2 rising from 0.522 in 2009 to 0.788 in 2016, all coefficients of determination computed for the post-IFRS adoption years being superior to those reported for the years listed companies complied with EU Directives.
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Benefits of global financial reporting models for developing markets: The case of Romania.
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