---
res:
  bibo_abstract:
  - Prior literature finds that International Financial Reporting Standards (IFRS)
    adopters enjoy lower financing costs subsequent to IFRS adoption. We predict and
    find that mandatory IFRS adopters exploit lower financing costs to increase market
    share vis-à-vis non-adopters. This effect is robust across several different model
    specifications in a sample capturing the universe of public and private firms
    in the EU, in a matched sample of public and private firms, and in a public firm
    sample comparing mandatory and voluntary IFRS adopters. We further find that IFRS
    is associated with an increase (decrease) in industry sales concentration (competition),
    consistent with large public firms increasing market share. In supplemental analyses,
    we find that mandatory adopters issue more equity and debt after IFRS adoption
    and that larger market share gains accrue to those mandatory IFRS adopters that
    issue more equity and debt after IFRS adoption. Overall, we provide evidence of
    unintended product market consequences of IFRS adoption.@eng
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Jimmy F
      foaf_name: Downes, Jimmy F
      foaf_surname: Downes
  - foaf_Person:
      foaf_givenName: Vanessa
      foaf_name: Flagmeier, Vanessa
      foaf_surname: Flagmeier
      foaf_workInfoHomepage: http://www.librecat.org/personId=8084
  - foaf_Person:
      foaf_givenName: David
      foaf_name: Godsell, David
      foaf_surname: Godsell
  bibo_doi: 10.1016/j.jaccpubpol.2018.09.004
  bibo_issue: '5'
  bibo_volume: 37
  dct_date: 2018^xs_gYear
  dct_language: eng
  dct_publisher: Elsevier@
  dct_subject:
  - Financial reporting regulationProduct market competition
  dct_title: Product market effects of IFRS adoption@
...