000			02010nab a2200217 a 4500
999			_c199767 _d199767
003			OSt
005			20200226102104.0
008			200210s2015 xxu|||||r|||| 00| 0 eng d
040			_aCO-BoUGC _cCO-BoUGC
100	1		_aChen, Long _9179257
245	1	4	_aThe effect of mandatory IFRS adoption on international cross-listings _cLong Chen, Jeff Ng & Albert Tsang
300			_aPáginas 1395 a la 1435
520	3		_aUsing a comprehensive dataset of international cross-listings spanning 34 (50) home (target) countries, we examine whether mandatory IFRS adoption facilitates firms' cross-listing activities. Our results using difference-in-differences analyses show that firms that mandatorily adopt IFRS exhibit significantly higher cross-listing propensity and intensity following IFRS adoption. We also find that firms from mandatory IFRS adoption countries are more likely to cross-list their securities in countries also mandating IFRS and countries with larger and more liquid capital markets. We further find that IFRS adoption has a greater effect on mandatory IFRS adopters from countries with larger accounting differences from IFRS, lower disclosure requirements, and less access to external capital prior to IFRS adoption. Our findings are consistent with the notion that mandatory IFRS adoption facilitates firms' cross-listing activities and highlight the importance of considering the change in cross-listings when examining the capital market consequences of mandatory IFRS adoption.
650	1	4	_991036 _aContabilidad _vPublicaciones seriadas _xLegislación _zEstados Unidos
690			_aInternational Financial Reporting Standard (IFRS) _9177076
690			_aGenerally Accepted Accounting Principles (GAAP) _9176344
700	1		_aNg, Jeff _9177135
700	1		_aTsang, Albert _9179258
773	0		_082265 _9368138 _aThe accounting review 2015 V.90 No. 4 (Jul) _o0000002030740 _x0001-4826 (papel) _h41 páginas _nIncluye tablas, figuras, referencias bibliográficas y apéndices
942			_2ddc _cART