Data for “Increase in leverage driven by International Financial Reporting Standards adoption"

Published: 18-11-2020| Version 1 | DOI: 10.17632/n5k3gd7ddr.1
Pâmela Tristão,
Igor Sonza


The Adoption of International Financial Reporting Standards (IFRS) in Brazil has improved corporate governance practices and information available to investors, providing greater transparency. Despite its mandatory effect, companies listed in B3 tiers (Novo Mercado and Level 2) were already accustomed to using it, allowing a comparison with firms affected by the law. The paper's objective is to nalyze the influence of IFRS adoption on the capital structure of publicly traded Brazilian companies by comparing firms that only began to adhere to it by the new law (Regular and Level 1) and firms that adopted IFRS before it went into effect (Novo Mercado and Level 2) by a quasi-experimental design via difference-in-difference (DID) estimator to compare leverage levels of firms segmented in treatment and control groups before and after IFRS.


Steps to reproduce

Data is composed by variables related to Capital Structure measures and other control variables related to Brazilian companies before and after IFRS.