International financial reporting standards, domestic debt finance and institutional quality: Evidence from developing countries
研究了107个发展中国家2000-2017年数据，发现采用国际财务报告准则（IFRS及IFRS for SMEs）与银行对私营部门的国内信贷正相关，且在制度质量较弱的国家效果更显著。
Abstract We have examined the relationship between international financial reporting standards (IFRS and IFRS for SMEs) and domestic credit to the private sector by banks. Using data on 107 developing countries from 2000 to 2017, we found that the use of IFRS and IFRS for SMEs is positively associated with an increase in domestic credit to the private sector in developing countries. Our analysis on the individual global standards shows that the relationship is much stronger for the use of full IFRS than IFRS for SMEs. We found that the effect of both international standards on domestic credit is more profound in countries with weaker institutional quality, indicating the overwhelming support that these sets of international standards are quality standards that boost confidence in financial statements. Other robustness tests confirm our results.