Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK
研究了英国另类投资市场（AIM）上市公司从英国公认会计原则（UK GAAP）转为国际财务报告准则（IFRS）后利润和权益的变化，发现IFRS下利润更高但差异小于主板市场，且准则间仍存在较大差异。
This study examines the extent to which the change from UK GAAP to IFRS has affected companies listed on the Alternative Investment Market (AIM) in the UK. The results suggest that, on average, profit reported under IFRS is higher than that reported under UK GAAP; however, the difference is much smaller for AIM listed companies as compared to what existing literature suggests for firms listed on main stock markets. The Gray's partial analysis results indicate that despite the extensive programmes for improving convergence over time there is still a considerable discrepancy between IFRS and UK GAAP.