In 2005, International Financial Reporting Standards (IFRS) have been legally adopted by listed firms to facilitate the harmonization of accounting practices. However, IFRS remain an option for non-listed in some countries. We investigate whether European privately held can raise more debt when they voluntarily report their consolidated financial information according rather than local rules. U...

Abstract Exploring the relationship between International Financial Reporting Standards (IFRS) and Foreign Direct Investment (FDI) inflows is main objective of this paper. Although IFRS identified as a determinant FDI, few studies have examined impact on FDI inflows, it unexplored to whether impacts CIS countries. This paper covers ten (10) adopted countries from 2000 2019 using Ordinary Least ...

In 2006, Egypt issued new standards to be in line with the International Financial Reporting Standards (IFRS). The Egyptian Accounting (EAS) were created intention of making financial statements more comparable and transparent, they replaced country’s previous 1997 2002 standards. This study aims investigate how these modifications EAS affect market volatility (MV) earnings quality (EQ) such a ...

This research investigates the long-term impact of International Financial Reporting Standards (IFRS) regulation on performance Initial Public Offering (IPO) corporations in developing market nations. The employs 124 IPO companies listed Saudi Arabia from 2003 to 2019 using Difference-in-Differences (DiD) estimation. It was discovered that enforcing use IFRS provides no role long-run. On second...

The application of international financial reporting standards (IFRS) plays an important role in improving the quality enterprises’ statements. At same time, adopting IFRS makes it easier for companies to access foreign capital. Therefore, use is indispensable Vietnamese enterprises, especially listed on stock market. This study was conducted evaluate effects benefits and costs choice adopt IFR...

We examine whether regulation intended to improve disclosure can itself lead to higher disclosure quality in the absence of a change in preparer incentives. We exploit a setting involving a sequence of two similar regulatory changes, which have one key difference – while both regulatory changes mandate improvements to disclosure (specifically, on pension asset allocation), only one removes prep...

We show real effects in the banking sector that emanate from transparency in the industrial sector. Transparent financial reporting by industrial firms facilitates access to arm’s-length financing from capital markets and diminishes these firms’ reliance on banks. Banks, as a result, face increased competition in their product markets and seek to offset their lost rents by – (i) taking on more ...