加拿大的流动性和IFRS采用

IF 0.9 Q3 BUSINESS, FINANCE

Journal of International Accounting Research Pub Date : 2021-06-17 DOI:10.2308/jiar-17-546

S. Khan, Mark C. Anderson, Hussein A. Warsame, Michael Wright

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引用次数: 1

摘要

我们根据《国际财务报告准则》之前的披露质量，研究了采用《国际财务报表准则》之前和之后加拿大公司流动性变化的横截面差异。在一项匹配样本分析中，美国公司作为控制公司，我们发现，与美国同行相比，强制采用《国际财务报告准则》前披露质量较高的加拿大公司的流动性有所改善，但《国际财务报告准则》前披露质量较低的加拿大公司流动性有所下降。当我们根据总资产对样本进行分层时，我们发现了类似的结果——相对于美国控制公司，较大的加拿大公司获得了流动性，而较小的加拿大公司失去了流动性。当我们使用在加拿大上市的、在采用《国际财务报告准则》前后根据美国公认会计原则报告的公司作为控制公司时，我们的结果是持续的。

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Liquidity and IFRS Adoption in Canada

We examine cross-sectional differences in changes in liquidity for Canadian firms between pre-IFRS and post-IFRS adoption based on their pre-IFRS disclosure quality. In a matched sample analysis, with U.S. firms acting as control firms, we find that liquidity improved after mandatory IFRS adoption for Canadian companies with high pre-IFRS disclosure quality but declined for Canadian companies with low pre-IFRS disclosure quality, in comparison to U.S. peers. We find similar results when we stratify the sample based on total assets - larger Canadian firms gained liquidity while smaller Canadian firms lost liquidity, relative to the U.S. control firms. Our results are sustained when we use firms listed in Canada that report under U.S. GAAP before and after IFRS adoption as control firms.

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来源期刊

Journal of International Accounting Research BUSINESS, FINANCE-

CiteScore

1.40

自引率

16.70%

发文量