COVRIG, VICENTIU M.; DEFOND, MARK L.; HUNG, MINGYI - In: Journal of Accounting Research 45 (2007) 1, pp. 41-70
We test the assertion that a consequence of voluntarily adopting International Accounting Standards (IAS) is the enhanced ability to attract foreign capital. Using a unique database that reports firm-level holdings of over 25,000 mutual funds from around the world, our multivariate tests find...