Does mandatory IFRS adoption facilitate debt financing?

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A review of the IFRS adoption literature (2016, background): “(2015), the findings of Florou and Kosi (2015) support the prediction of Myers and Majluf (1984) that better information quality increases firms’ reliance on external sources of financing. Both Naranjo et al. (2015) and Florou and Kosi (2015) rely on the argument that IFRS improve reporting quality ”
ESG practices and the cost of debt: Evidence from EU countries (2019, background): “However, Florou and Kosi (2015) ﬁnd that the reported debt market beneﬁts are present even for EU countries that did not experience concurrent ﬁnancial reporting enforcement or other institutional reforms.”
Harmonizing public sector accounting in Europe: thinking out of the box (2016, background): “Higher quality accounting information is also expected to decrease the cost of capital; at least this has been the case in the private sector (see Li, 2010; Florou and Kosi, 2015).”
Mandatory IFRS Reporting and Changes in Enforcement (2013, background): “Florou and Kosi, 2013); more foreign investments in debt and equity instruments of firms domiciled in IFRS adopting countries (Beneish et al., 2010; DeFond et al., 2011; Brüggemann et al., 2012) together with a reduction in home bias among U.S. investors (Khurana and Michas, 2011; Shima and Gordon,…”