Adoption of the International Financial Reporting Standards (IFRS) on companies' financing structure in emerging economies

dos Santos, MA; Fávero, LPL; Distadio, LF

Adoption of the International Financial Reporting Standards (IFRS) on companies' financing structure in emerging economies

dos Santos, MA Fávero, LPL Distadio, LF

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Publication Type:: Journal Article
Citation:: Finance Research Letters, 2016, 16 pp. 179 - 189
Issue Date:: 2016-02-01

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Field	Value	Language
dc.contributor.author	dos Santos, MA	en_US
dc.contributor.author	Fávero, LPL	en_US
dc.contributor.author	Distadio, LF	en_US
dc.date.issued	2016-02-01	en_US
dc.identifier.citation	Finance Research Letters, 2016, 16 pp. 179 - 189	en_US
dc.identifier.issn	1544-6123	en_US
dc.identifier.uri	http://hdl.handle.net/10453/117801
dc.description.abstract	© 2015 Elsevier Ltd. This paper aims to study the relationship between the adoption of the International Financial Reporting Standards (IFRS) and the companies' financing structure in different emerging economies. A linear hierarchical regression model is applied, considering firm, country and region levels, in a database of 150,265 observations of companies from 145 countries between 2003 and 2014. The impact of the adoption of IFRS in financing decisions is heterogeneous among companies from different regions and countries. This effect is clearer when country controls are applied to monitor the legal enforcement and investor safety, such as the quality of the boards and accounting audits.	en_US
dc.relation.ispartof	Finance Research Letters	en_US
dc.relation.isbasedon	10.1016/j.frl.2015.11.002	en_US
dc.subject.classification	Finance	en_US
dc.title	Adoption of the International Financial Reporting Standards (IFRS) on companies' financing structure in emerging economies	en_US
dc.type	Journal Article
utslib.citation.volume	16	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	16	en_US

Abstract:

© 2015 Elsevier Ltd. This paper aims to study the relationship between the adoption of the International Financial Reporting Standards (IFRS) and the companies' financing structure in different emerging economies. A linear hierarchical regression model is applied, considering firm, country and region levels, in a database of 150,265 observations of companies from 145 countries between 2003 and 2014. The impact of the adoption of IFRS in financing decisions is heterogeneous among companies from different regions and countries. This effect is clearer when country controls are applied to monitor the legal enforcement and investor safety, such as the quality of the boards and accounting audits.

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http://hdl.handle.net/10453/117801