The Adoption of Internationally Recognized Accounting Standards : Implications for the Credit Markets

We examine whether the adoption of internationally recognized accounting standards is associated with a greater sensitivity of credit ratings to accounting information. Our results suggest that voluntary adoptions of IFRS/U.S.GAAP come with significant increases in the sensitivity of credit ratings to the accounting default factor. No such evidence is found for mandatory adoptions except in countries with stronger rules of law

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Year of publication:	2009
Authors:	Wu, Joanna S. ; Zhang, Ivy Xiying
Publisher:	[S.l.] : SSRN
Subject:	Bilanzierungsgrundsätze \| Accounting standards \| IFRS \| Standardisierung \| Standardization \| Kreditwürdigkeit \| Credit rating \| Theorie \| Theory

Extent:	1 Online-Ressource (49 p)
Series:	Simon School Working Paper ; No. FR 09-12
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 24, 2009 erstellt
Other identifiers:	10.2139/ssrn.1425209 [DOI]
Classification:	M41 - Accounting ; m44 ; m47 ; G33 - Bankruptcy; Liquidation ; K20 - Regulation and Business Law. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014206850