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    政大機構典藏 > 商學院 > 會計學系 > 期刊論文 >  Item 140.119/98779
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/98779

    Title: The Effects of Financial Reporting on Bank Loan Contracting in Global Markets: Evidence fromMandatory IFRS Adoption
    Authors: 金成隆
    Chen, Tai-Yuan;Chin, Chen-Lung;Wang, Shiheng;Yao, Wei-Ren
    Contributors: 會計系
    Keywords: accounting quality;bank loan contracts;information asymmetry;mandatory IFRS adoption
    Date: 2015
    Issue Date: 2016-07-07 16:14:11 (UTC+8)
    Abstract: 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.
    Relation: Journal of International Accounting Research (A-), 14(2), 45-81 (A-)
    Data Type: article
    DOI 連結: http://dx.doi.org/10.2308/jiar-51031
    DOI: 10.2308/jiar-51031
    Appears in Collections:[會計學系] 期刊論文

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