In this paper, we examine how the mandatory adoption of International Financial Reporting Standards (IFRS) affects … loan retained by syndicate lead arrangers increases after a borrower adopts mandatory IFRS reporting. Further, we document … IFRS reporting. Finally, we find that syndicate lenders are less likely to use financial covenants in debt agreements after …

their disadvantage, and our analysis provides guidance for designing fishery reform that leads to Pareto improvements …, enabling reform without losers …