Effects of the Adoption of IFRS on the Credit Market: Evidence from Brazil

Vinícius Simmer de Lima, Gerlando Augusto Sampaio Franco de Lima, Giorgio Gotti

Research output: Contribution to journalArticlepeer-review


Based on a sample of approximately 6500 credit ratings and 137,000 loan contracts, this paper analyzes the effects of mandatory IFRS adoption on the Brazilian credit market. We find that the IFRS adoption effects were limited to firms displaying improved accounting information quality at the time of transition, lending support to the notion that economic benefits do not necessarily flow from the publication of financial reports in IFRS but, rather, depend on how earnestly firms adopt the recommended disclosure practices.

Original languageEnglish (US)
Pages (from-to)77-101
Number of pages25
JournalInternational Journal of Accounting
Issue number2
StatePublished - Jun 2018


  • Accounting information quality
  • Credit market
  • IFRS

ASJC Scopus subject areas

  • Accounting
  • Finance


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