| dc.contributor | 會計系 | - |
| dc.creator (作者) | 金成隆 | - |
| dc.creator (作者) | Chen, Tai-Yuan;Chin, Chen-Lung ;Wang, Shiheng;Yao, Wei-Ren | - |
| dc.date (日期) | 2015 | - |
| dc.date.accessioned | 7-七月-2016 16:14:11 (UTC+8) | - |
| dc.date.available | 7-七月-2016 16:14:11 (UTC+8) | - |
| dc.date.issued (上傳時間) | 7-七月-2016 16:14:11 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/98779 | - |
| dc.description.abstract (摘要) | This study examines the effects of the mandatory adoption of International Financial Reporting Standards (IFRS) on the contract terms of bank loans in a global setting. Using a difference-in-differences design based on 26,474 bank loans in 31 countries during the 2000-2011 period, we find that borrowers who mandatorily adopt IFRS experience an increase in interest rates, a reduction in the use of accounting-based financial covenants, an increase in the likelihood that a loan is collateralized, a reduction in loan maturity, and an increase in the fraction of a loan retained by lead arrangers. These findings are robust to the removal of the 2008 financial crisis fromour analysis, as well as to the matching of IFRS and non-IFRS borrowers on various country- and firm-level characteristics. Furthermore,we find that these changes are more pronounced for borrowers with greater financial reporting changes, as well as those with poorer accounting quality after IFRS adoption. | - |
| dc.format.extent | 364695 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of International Accounting Research (A-), 14(2), 45-81 (A-) | - |
| dc.subject (關鍵詞) | accounting quality;bank loan contracts;information asymmetry;mandatory IFRS adoption | - |
| dc.title (題名) | The Effects of Financial Reporting on Bank Loan Contracting in Global Markets: Evidence fromMandatory IFRS Adoption | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.2308/jiar-51031 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.2308/jiar-51031 | - |
