Effects of the Adoption of IFRS on the Credit Market: Evidence from Brazil

Autor:	Vinícius Simmer de Lima, Giorgio Gotti, Gerlando Augusto Sampaio Franco de Lima
Rok vydání:	2018
Předmět:	050208 finance business.industry media_common.quotation_subject 05 social sciences Accounting Sample (statistics) 050201 accounting Economic benefits Credit rating Loan 0502 economics and business Accounting information system Bond market Quality (business) Business media_common
Zdroj:	The International Journal of Accounting. 53:77-101
ISSN:	0020-7063
DOI:	10.1016/j.intacc.2018.04.001
Popis:	Based on a sample of approximately 6500 credit ratings and 137,000 loan contracts, this paper analyzes the effects of mandatory IFRS adoption on the Brazilian credit market. We find that the IFRS adoption effects were limited to firms displaying improved accounting information quality at the time of transition, lending support to the notion that economic benefits do not necessarily flow from the publication of financial reports in IFRS but, rather, depend on how earnestly firms adopt the recommended disclosure practices.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b474bf9a457e1f1a3921bf3dcf44d130 https://doi.org/10.1016/j.intacc.2018.04.001 Zobrazit plný text záznamu