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What is Market Reaction to IFRS 9 Adoption about?
This study examines the market reaction to the announcement of IFRS 9 across over 5400 European firms, revealing a generally positive response, particularly in countries with weaker rule of law and less divergence from IAS 39. The findings indicate that investors perceive IFRS 9 as beneficial for shareholder wealth, suggesting improved comparability in accounting standards enhances investment decisions. The research employs event study methodology to analyze the cumulative abnormal returns associated with t
- Author
- amal benramdhane
- Language
- EN