Does Mandatory Adoption of International Financial Reporting Standards in the European Union Reduce the Cost of Equity Capital

By Siqi Li. 2009

807 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/7c429105f2246895de74031758eac7c2ead90e59

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Citations in the corpus

Does Mandatory IFRS Adoption Affect Crash Risk (2015, neutral): “Our benchmark samples control for changes in the economic environment that impact crash risk but are unrelated to IFRS adoption (Li, 2010; DeFond et al., 2011).”
Mandatory IFRS Adoption and Institutional Investment Decisions (2012, neutral): “Our approach is different from that of prior work (Daske et al. 2008; Li 2010)”
ESG practices and the cost of debt: Evidence from EU countries (2019, background): “…regarding the effects of the interaction between institutional factors and corporate reporting practices on the anticipated economic consequences (Li, 2010; Daske, Hail, Leuz, & Verdi, 2008; Ahmed et al., 2013; Moscariello, Skerratt, & Pizzo, 2014; Manganaris et al., 2015; Christensen et al.,…”
Intended and Unintended Consequences of Mandatory IFRS Adoption: A Review of Extant Evidence and Suggestions for Future Research (2013, neutral): “…adoption increasing stock market liquidity (Daske et al., 2008), decreasing bid–ask spreads (Muller et al., 2011) and the cost of equity capital (S. Li, 2010), increasing cross-border equity investments by mutual funds (DeFond et al., 2011; see also Yu, 2010) as well as by individual investors…”
Does mandatory IFRS adoption facilitate debt financing? (2015, result): “In line with these expectations, prior IFRS research focuses on equity markets and reports reduced cost of equity and increased institutional holdings for mandatory IFRS adopters after adoption (Daske et al. 2008; Li 2010; Florou and Pope 2012).”
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).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, positive): “returns to the decision to postpone Section 404 compliance for smaller firms. As the delay applies only to firms below a certain size cutoff, firms above the size cutoff can be used as a control. Using this approach, Zhang (2007) and Iliev (2010) find that firms below the cutoff experience positive ”
Customer Concentration Risk and the Cost of Equity Capital (2016, methodology): “Next, we follow prior research and measure a supplier’s cost of equity as the average of several implied cost of equity estimates derived from analysts’ earnings forecasts (e.g., Hail and Leuz, 2006; Li, 2010).”
Does Mandatory Adoption of IFRS improve Accounting Quality? Preliminary Evidence (2013, background): “…2013; Byard, Ying, and Yu 2011); (ii) improvements in liquidity (Daske et al. 2008) and reduction in cost of equity capital (Daske et al. 2008; Li 2010); and (iii) positive price reactions to events suggesting an increase in the likelihood of mandatory IFRS adoption (Armstrong, Barth,…”
Mandatory IFRS adoption: the trade-off between accrual-based and real earnings management (2017, methodology): “To assess the robustness of the results, following Li (2010), we repeated our analyses after re-defining our main independent variable (Mandatory) using all three codes (DI, DA, and DT).”
The Effect of IFRS Adoption and Investor Protection on Earnings Quality Around the World (2012, neutral): “Contrary to the above studies, van Tendeloo and Vanstraelen (2005), and Lin and Paananen (2007) examined the discretionary accruals of German firms adopting IFRS.”
The Impact of Mandatory IFRS Adoption on Foreign Mutual Fund Ownership: The Role of Comparability (2011, methodology): “To investigate this alternative explanation, we repeat our analysis in Table 5 after replacing our country dummy variables with a country-level variable capturing the extent of increased disclosures under IFRS relative local standards as used in Li (2009). This analysis finds that the results are qu”