Family Control, International Accounting Standards, and Access to Foreign Banks: Evidence from International Entrepreneurial Firms
研究了国际会计准则（IAS）的采用是否帮助创业企业（尤其是家族控制企业）从外国银行获得债务融资，发现家族企业不愿自愿采用IAS，但采用IAS的企业更容易获得国际银行贷款。
This article aims to understand if a change in accounting standards offers new avenues for helping entrepreneurial firms, especially those family-controlled ones, to obtain debt financing from foreign banks. We find that amid the global wave of adopting International Accounting Standards (IAS), family-controlled firms tend not to voluntarily switch from local generally accepted accounting principles to IAS. After self-selection issues are taken into account, furthermore, entrepreneurial firms adopting IAS experience less difficulty accessing loans from international banks. However, IAS adoption differentially influences private firms, family owned versus nonfamily controlled, in terms of their access to debt capital.