The Impact of Mandatory IFRS Adoption on Foreign Mutual Fund Ownership: The Role of Comparability

By Mark L. Defond, Xuesong Hu, Mingyi Hung, Siqi Li. 2011

678 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a193b3d5ac9a4786761cd0f06b51312059f40a45

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Citations in the corpus

Mandatory IFRS Adoption and Financial Statement Comparability (2013, methodology): “First, in columns (1) and (2), we use the ratio proposed in DeFond et al. (2011).”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, background): “(2010) study whether information costs modify the causal effect of board independence on firm performance, and Desai and Dharmapala (2009) test whether good governance increases the valuation effect of tax shields.”
Does Mandatory IFRS Adoption Improve Information Comparability (2012, methodology): “Following the discussion and practices in prior studies (e.g., Gow et al 2010; DeFond et al. 2011), we adjust the standard errors by country clusters in the within-country analyses.”
Foreign institutional ownership and auditor choice: Evidence from worldwide institutional ownership (2018, background): “Most prior studies show that FIIs tend to invest in firms or countries with better disclosure practices or a higher level of corporate transparency (Chou et al., 2014; DeFond et al., 2011; Leuz et al., 2010).”
Cross-Border M&As and Innovative Activity of Acquiring and Target Firms (2016, background): “16 Desyllas and Hughes (2010) provide some evidence that cross-border M&As have a more pronounced negative effect on the acquirer's R&D intensity than domestic M&As, but international M&As are not the focus of their study.”
The effect of accounting comparability on the accrual-based and real earnings management (2016, background): “For example, DeFond et al. (2011) document that foreign mutual fund ownership increases in European firms when they mandatorily adopt IFRS because the adoption improves accounting comparability.”
Does a common set of accounting standards affect tax-motivated income shifting for multinational firms? (2016, background): “DeFond et al. (2011) develop measures of the extent to which uniform accounting standards are adopted and credibly implemented across countries, finding that mutual funds are more likely to invest in foreign companies after mandatory IFRS adoption (high uniformity), and that high uniformity…”
Does Mandatory IFRS Adoption Affect Crash Risk (2015, positive): “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 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,…”