“…In addition, empirical studies analyze changes in reporting properties after mandatory IFRS adoption. Most of these studies document insignificant or even adverse changes in reporting properties following IFRS adoption (see, e.g., Capkun, Collins, and Jeanjean [2012], Ahmed, Neel, and Wang [2013], Christensen, Lee, and Walker [2015]; but see also Landsman et al [2012]). In contrast, studies based on analyst forecast dispersion and forecast errors, which can be viewed as indirectly measuring changes in reporting quality, suggest that financial analysts receive better information after IFRS adoption (e.g., Byard, Li, andYu [2011], Tan, Wang, andWelker [2011], Horton, Serafeim, and Serafeim [2013]).…”