IFRS convergence and international trade: evidence from China
利用中国海关的企业层面出口数据，研究发现2007年强制采用国际财务报告准则（IFRS）显著促进了中国上市公司的出口，尤其当贸易伙伴国也采用IFRS且企业为非国有企业时效果更明显。
Using a comprehensive dataset of firm-level export transactions from China Customs, this paper investigates whether mandatory International Financial Reporting Standards (IFRS) convergence promotes Chinese firms’ export activities. We find that compared with private firms which were not immediately required to comply with the new accounting standards in 2007, listed firms experienced a significant increase in their exports after converging with IFRS. The positive effect of IFRS convergence on exports only occurred when firms traded with IFRS countries and when they were non-state-owned enterprises. The findings are robust to a battery of sensitivity tests. We contribute to the literature on the real economic effects of IFRS harmonisation by documenting its role in enhancing international trade and global product market integration.