Mandatory IFRS Reporting Around the World : Early Evidence on the Economic Consequences

@inproceedings{Luzi2017MandatoryIR,
  title={Mandatory IFRS Reporting Around the World : Early Evidence on the Economic Consequences},
  author={Holger Daske Luzi},
  year={2017}
}
  • Holger Daske Luzi
  • Published 2017
This paper examines the economic consequences of mandatory International Financial Reporting Standards (IFRS) reporting around the world. We analyze the effects on market liquidity, cost of capital, and Tobin's q in 26 countries using a large sample of firms that are mandated to adopt IFRS. We find that, on average, market liquidity increases around the time of the introduction of IFRS. We also document a decrease in firms' cost of capital and an increase in equity valuations, but only if we… CONTINUE READING
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