The development and diffusion of IFRS is innovative in providing a common business language worldwide. The prior research findings suggest that firms with a larger proportion of sales and activities overseas, more foreign shareholders, and/or larger firms are willing to adopt IFRS. However,...

Since 2010 Japanese listed firms can voluntarily use international financial reporting standards for their consolidated financial statements. Using financial and non-financial data, we carry out a comprehensive research into the adopters' determinants. We employ a multi-period logit model that...

Increasing numbers of Japanese firms have adopted or plan to adopt IFRS since 2013, when almost all listed firms were permitted to adopt IFRS in Japan. Although there are other options such as Japanese-GAAP, US-GAAP, or Japanese Modified International Standards (JMIS), these firms have chosen...