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The increasingly widespread occurrence of business mergers by companies is intended to increase capital, business competition, have international networks, and expand and maintain their business. The financial records of companies that have consolidated are more complicated than those of...
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IPOs. Using a difference-in-difference design around the adoption of IFRS in multiple countries, I examine how the … the number of foreign firms from countries that adopted IFRS listed in the U.S. with an expressive decline of firms from … emerging economies. The decline reverses for firms from developed economies after 2007 when the SEC approved the use of IFRS by …
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