DeFond, Mark L.; Gao, Xinzi; Li, Oliver Zhen; Xia, Lijun - In: China journal of accounting research : CJAR 12 (2019) 1, pp. 1-32
users, foreign institutional investors. We find that foreign institutional investment does not increase after China's IFRS … institutional investment is greater among investors from countries with weak institutions that have also adopted IFRS. Taken … that foreign institutional investors' returns decrease after China's IFRS adoption. Finally, the decline in foreign …