Mandatory Adoption of IFRS in Latin America

Download or read book Mandatory Adoption of IFRS in Latin America written by André Aroldo Freitas De Moura and published by . This book was released on 2019 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploiting the unique feature that Latin American countries have not undergone a significant change to the enforcement of accounting standards and investor protection mechanisms, we investigate whether mandatory adoption of IFRS and firm-level reporting incentives improve analysts' information environment in Latin American countries (Argentina, Brazil, Chile, Mexico and Peru), and whether the precision of public, private and consensus information improve after IFRS adoption. The results show that mandatory adoption of IFRS and firm-level reporting incentives improve analysts' information environment. Overall, we confirm the positive effects of IFRS adoption, because the precision of public and consensus information is enhanced.