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IAS/IFRS mandatory adoption and cross-border M&A
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| 300.68 KB | Adobe PDF |
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Resumo(s)
This study investigates the effect of the mandatory implementation of IAS/IFRS on
cross-border M&A activity. I test the hypothesis that the improvement in the
comparability of financial statements among the adopting countries facilitates crossborder
transactions. According to the expectations, I find support for enhanced crossborder
M&As following the mandatory adoption of IFRS due to a likely increase in the
comparability of financial reports. Additionally, listed targets from IFRS adopting
countries do experience stronger positive influence on foreign M&A transactions than
unlisted target from adopting countries and listed targets from IFRS non-adopting
countries.
Descrição
Palavras-chave
IAS/IFRS M&A Cross-border transactions Financial reports