We examine the effectiveness of China's IFRS adoption from the perspective of an important set of financial report … users, foreign institutional investors. We find that foreign institutional investment does not increase after China's IFRS … that foreign institutional investors' returns decrease after China's IFRS adoption. Finally, the decline in foreign …

Since 2005, all European listed companies must comply with IFRS in the preparation of their consolidated financial … accounting quality before and after IFRS implementation. But they do not really address the following question: will the adoption …

contribute to Chinese urbanization. Finally, we show that better institutions in Concessions facilitated the emergence of modern …

This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British …-driven institutional switch in part of China's customs stations in 1902, I find that counties that were more affected by the British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …

This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British …-driven institutional switch in part of China's customs stations in 1902, I find that counties that were more affected by the British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …