Equity investment decisions of large investors around IFRS adoption: Financial vs. non-financial firms-Reference-Cited by-同舟云学术

Equity investment decisions of large investors around IFRS adoption: Financial vs. non-financial firms

Published:2017-07 Issue:4 Volume:14 Page:425-434
ISSN:1810-3057
Container-title:Corporate Ownership and Control
language:en
Short-container-title:COC

Author:

Hessayri Manel,Saihi Malek^ORCID

Abstract

This paper addresses the question of whether firms’ IFRS adoption translates into increases in equity ownership for large shareholders. Using a sample of 55 non-financial firms and 23 financial firms from three emerging market countries, namely Morocco, South Africa and Turkey, we find evidence that top shareholders invest more heavily in firms’ stocks after their commitment to IFRS. Surprisingly, we report opposite findings for ownership by blockholders in financial and non-financial firms displaying different incentives.

Publisher

Virtus Interpress

Subject

General Business, Management and Accounting

Link

https://virtusinterpress.org/IMG/pdf/cocv14i4c2art8.pdf

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