Schleicher, Thomas; Tahoun, Ahmed; Walker, Martin - In: The International Journal of Accounting 45 (2010) 2, pp. 143-168
We examine the economic consequences of the mandatory adoption of IFRS in EU countries by showing which types of economies have the largest reduction in investment-cash flow sensitivity post-IFRS. We also examine whether the reduction in investment-cash flow sensitivity depends on firm size as...
