This paper examines the economic consequences of mandatory IFRS reporting around the world. We analyze the effects on … market liquidity, cost of capital and Tobin's q in 26 countries using a large sample of firms that are mandated to adopt IFRS …. We find that, on average, market liquidity increases around the time of the introduction of IFRS. We also document a …

This paper examines the economic consequences of mandatory IFRS reporting around the world. We analyze the effects on … market liquidity, cost of capital and Tobin's q in 26 countries using a large sample of firms that are mandated to adopt IFRS …. We find that, on average, market liquidity increases around the time of the introduction of IFRS. We also document a …

Proponents of IFRS argue that applying uniform accounting standards leads to comparable financial statements. While … previous studies have illustrated that initial IFRS disclosure quality significantly varies upon IFRS adoption, there is little … evidence whether disclosures become more comparable after IFRS adoption. Using hand-collected data on 18 disclosure items of …

regulatory scrutiny from other bank regulators. Taken together, these empirical findings highlight the duality of regulatory …