DASKE, HOLGER; HAIL, LUZI; LEUZ, CHRISTIAN; VERDI, RODRIGO - In: Journal of Accounting Research 46 (2008) 5, pp. 1085-1142
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This paper examines the economic consequences of mandatory International Financial Reporting Standards (IFRS) reporting around the world. We analyze the effects on market liquidity, cost of capital, and Tobin's "q" in 26 countries using a large sample of firms that are mandated to adopt...
