Does Mandatory IFRS Adoption Affect the Credit Ratings of Foreign Firms Cross-Listed in the U.S.?

• Autores: Ann Ling-Ching Chan, Audrey Wen-hsin Hsu, Edward Lee
• Localización: Accounting Horizons, ISSN-e 1558-7975, Vol. 27, Nº. 3, 2013, págs. 491-510
• Idioma: inglés
• DOI: 10.2308/acch-50483
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• Resumen

  • The article presents a study on how the mandatory adoption of International Financial Reporting Standards (IFRS) affects credit ratings for foreign business enterprises which are cross-listed in the U.S. as of 2011. Topics include the effect of accounting quality on credit ratings of firms; accounting disclosure and transparency in foreign firms with operations in the U.S.; and equity and debt financing as a source of capital for foreign firms in the U.S. market.