For example, if a firm adopted IFRS in 2006, we include in the sample IFRS data for 2007, 2008 and 2009 together with data under Italian GAAP referred to the years 2005, 2004 and 2003.
For example, if a firm adopted IFRS in 2006, we include in the sampleIFRS data for 2007, 2008 and 2009 together with data under Italian GAAPreferred to the years 2005, 2004 and 2003.