This study investigates whether and how a firm's voluntary adoption of International Financial Reporting Standards (IFRS) influences the extent to which firm-specific information is capitalized into stock prices measured by stock price synchronicity. We also study the role of analyst following...

This study investigates whether and how a firm's voluntary adoption of International Financial Reporting Standards (IFRS) influences stock price synchronicity or the extent to which firm-specific information is capitalized into stock prices. We also study the role of analyst following and...

Using a sample of non-U.S. firms from 22 countries during 2003–2007, we examine the effect of firm-level governance on various features of loan contracting in the international loan market. We find that banks charge lower loan rates, offer larger and longer-maturity loans, and impose fewer...