Effects of IFRS, Analysts, and ADR on Voluntary Disclosure of Brazilian Public Companies

This study examines the effects of the interactions among IFRS adoption, analyst coverage, and cross-listings in the U.S. on the voluntary disclosure of Brazilian public companies. We document a significant positive shift on voluntary disclosure incentives among cross-listed firms from the IFRS pre-adoption period to the post-adoption period. We also find that analyst coverage has a positive association with voluntary disclosure over the IFRS...