Why choosing IFRS? Benefits of voluntary ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Why choosing IFRS? Benefits of voluntary adoption by European private companies
Auteur(s) :
Bertrand, Jérémie [Auteur]
de Brebisson, Hélène [Auteur]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
de Brebisson, Hélène [Auteur]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
Titre de la revue :
International Review of Law and Economics
Pagination :
105968
Éditeur :
Elsevier [1981-....]
Date de publication :
2021-03
ISSN :
0144-8188
Mot(s)-clé(s) en anglais :
IFRS
Bank debt
Non-listed entities
Bank debt
Non-listed entities
Discipline(s) HAL :
Sciences de l'Homme et Société/Gestion et management
Résumé en anglais : [en]
In 2005, International Financial Reporting Standards (IFRS) have been legally adopted by listed firms to facilitate the harmonization of accounting practices. However, IFRS remain an option for non-listed firms in some ...
Lire la suite >In 2005, International Financial Reporting Standards (IFRS) have been legally adopted by listed firms to facilitate the harmonization of accounting practices. However, IFRS remain an option for non-listed firms in some countries. We investigate whether European privately held firms can raise more debt when they voluntarily report their consolidated financial information according to IFRS rather than local accounting rules. Using fixed effects regressions on 8391 firms in 22 European Union (EU) countries from 2005–2018, we document that IFRS adoption leads to more private debt issue for non-listed firms. This accounting option could be particularly useful for opaque firms or firms located in common law countries. Our results contribute to the debate on European accounting policy for non-listed firms.Lire moins >
Lire la suite >In 2005, International Financial Reporting Standards (IFRS) have been legally adopted by listed firms to facilitate the harmonization of accounting practices. However, IFRS remain an option for non-listed firms in some countries. We investigate whether European privately held firms can raise more debt when they voluntarily report their consolidated financial information according to IFRS rather than local accounting rules. Using fixed effects regressions on 8391 firms in 22 European Union (EU) countries from 2005–2018, we document that IFRS adoption leads to more private debt issue for non-listed firms. This accounting option could be particularly useful for opaque firms or firms located in common law countries. Our results contribute to the debate on European accounting policy for non-listed firms.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
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