IFRS convergence and international trade: evidence from China
IFRS convergence and international trade: evidence from China
复制标题
DOI：
10.1080/00014788.2021.1938962
复制
发表时间：
2021-08
影响因子：
1.7
通讯作者：
Lu Xie;M. Zhang;Shen Zhai
中科院分区：
文献类型：
--
作者：
Lu Xie;M. Zhang;Shen Zhai
本文利用中国海关企业层面出口交易的综合数据，考察了强制性国际财务报告准则趋同是否促进了中国企业的出口活动。我们发现，与2007年没有被要求立即遵守新会计准则的私营公司相比，上市公司在与国际财务报告准则趋同后，其出口出现了显著增长。《国际财务报告准则》趋同对出口的积极影响只有在公司与《国际财务报告准则》国家进行贸易以及它们是非国有企业时才会发生。这一发现经得起一系列敏感性测试的检验。我们通过记录《国际财务报告准则》在加强国际贸易和全球产品市场一体化方面的作用，为关于《国际财务报告准则》协调的实际经济影响的文献作出贡献。
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.