- financial analysts. We find that mandatory IFRS adoption attracts foreign analysts, particularly those from countries that are … simultaneously adopting IFRS along with the covered firm's country and those with prior IFRS experience. We also find that mandatory … IFRS adoption improves foreign analysts' forecast accuracy. The change in analyst following increases with the distance …

(IFRS) influences stock price synchronicity or the extent to which firm-specific information is capitalized into stock … prices. We also study the role of analyst following and institutional infrastructure in determining the relation between IFRS … adoption and synchronicity. Using firm-level data from 34 countries, we find that synchronicity is significantly lower for IFRS …