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| LEADER |
01178nam a2200169Ia 4500 |
| 001 |
10.1111-1911-3846.12495 |
| 008 |
220511s2019 CNT 000 0 und d |
| 020 |
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|a 08239150 (ISSN)
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| 245 |
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|a Accounting Standards Harmonization and Financial Integration
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| 260 |
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|b Wiley-Blackwell
|c 2019
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1111/1911-3846.12495
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| 520 |
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|a We empirically examine whether adopting a uniform set of accounting standards mitigates information frictions in financial markets and facilitates market integration. Using a difference-in-difference design, we find that after the mandatory adoption of IFRS local stock returns incorporate more global information and at a faster speed. The effect of IFRS adoption is stronger in countries where there are larger improvements in accounting comparability and for firms with a larger increase in foreign ownership. Overall, our results suggest that accounting standards harmonization facilitates financial market integration. © CAAA
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|a Dhaliwal, D.
|e author
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1 |
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|a He, W.
|e author
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1 |
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|a Li, Y.
|e author
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| 700 |
1 |
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|a Pereira, R.
|e author
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| 773 |
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|t Contemporary Accounting Research
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