Equity investment decisions of large investors around IFRS adoption: Financial vs. non-financial firms

Autor:	Malek Saihi, Manel Hessayri
Rok vydání:	2017
Předmět:	Finance Private equity fund 050208 finance Investment decisions business.industry 0502 economics and business 05 social sciences Equity (finance) Financial system 050201 accounting Business General Business Management and Accounting
Zdroj:	Corporate Ownership and Control. 14:425-434
ISSN:	1810-3057 1727-9232
DOI:	10.22495/cocv14i4c2art8
Popis:	This paper addresses the question of whether firms’ IFRS adoption translates into increases in equity ownership for large shareholders. Using a sample of 55 non-financial firms and 23 financial firms from three emerging market countries, namely Morocco, South Africa and Turkey, we find evidence that top shareholders invest more heavily in firms’ stocks after their commitment to IFRS. Surprisingly, we report opposite findings for ownership by blockholders in financial and non-financial firms displaying different incentives.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1aa6811539d5f70d9f66c53053df53a8 https://doi.org/10.22495/cocv14i4c2art8 Zobrazit plný text záznamu