Purpose – The purpose of this paper is to investigate whether financial information prepared and disclosed under International Financial Reporting Standards (IFRS) has incremental value relevance vs information prepared under generally accepted accounting principles (GAAP) in Canada....

In this study, we investigate the impact of countrywide adoption of IFRS on the liquidity of domestic versus international firms listed in a stock market. We consider two competing forces affecting liquidity from IFRS adoption: enhanced comparability of firms within industries that span...