“…These studies analyze the effect of IFRS adoption by Australian companies (Bissessur & Hodgson, 2012), by UK companies (Christensen, Lee, & Walker, 2009; Horton & Serafeim, 2010; Brochet, Jagolinzer, & Riedl, 2013), by Italian companies (Frino, Palumbo, Capalbo, Gerace, & Mollica, 2013), by European companies (Armstrong, Barth, Jagolinzer, & Riedl, 2010;Platikanova & Perramon, 2012), by U.S. companies (Joos & Leung, 2013), and companies from various countries in the world (Covrig, DeFond, & Hung, 2007;Karamanou & Nishiotis, 2009;Khurana & Michas, 2011;Florou & Pope, 2012;Kim & Shi, 2012;Landsman, Maydew, & Thornock, 2012;Hong, 2013;Christensen, Hail, & Leuz, 2013).…”