Chen, Chao; Lee, Edward; Lobo, Gerald J.; Zhu, Jessie - 2017
We study the ex ante stock market reactions to events leading up to China's convergence to International Financial … Reporting Standards (IFRS). The literature consistently shows that the benefits of mandatory IFRS convergence are concentrated … events leading up to IFRS convergence, and this effect is more pronounced among firms with greater dependence on external …