Impacts of International Financial Reporting Standards adoption on cost of equity capital, financial statement value-relevance, and firms' financing and investment strategies.

该项目的洞察力将帮助政策制定者评估、进展和促进全球经济和治理政策改革的方法。AIFRS的采用扰乱了此前在澳大利亚会计准则下达成的金融市场均衡。了解这一影响有助于巩固微观和宏观经济战略以及依赖财务报告作用的政策发展。它还有助于资本市场适应新的报告环境，从而提高资本配置的有效性和效率。 澳大利亚作为早期采用国际财务报告准则的国家的地位，使该项目能够促进澳大利亚在全球经济政策发展中的国际领导地位。

The project's insights will assist policy makers to assess, progress and promote approaches to global economic and governance policy reforms. AIFRS adoption disturbs the financial markets equilibria previously struck under Australian accounting standards. Understanding this impact helps underpin micro- and macro- economic strategies and policy developments relying upon the role of financial reporting. It also assists capital markets to adapt to the new reporting environment, thus increasing capital allocation effectiveness and efficiency. Australia's position as an early IFRS adopting nation enables the project to facilitate Australia's international leadership in global economic policy development.