This paper colle cts survey evidence on the costs and beneﬁts of adoptingInternational Financial Reporting Standards (IFRS). It also examines themotivations for the timing of IFRS adoption. Signiﬁcant diﬀerences existbetween early and late adopters for three of nine beneﬁts and for one of six costmeasures. No signiﬁcant diﬀerences exist in terms of ﬁrm size or the impact ofIFRS on contracts. Early adopters perceive themselves as market leaders. Theyare more certain about the manageability of implementing IFRS and are morespeciﬁc with regard to the impact of IFRS adoption. Late adoption decisionsare motivated by adverse consequences and uncertainty.
"This is the peer reviewed version of the following article: Stent, W., et al. (2017). "Insights into accounting choice from the adoption timing of International Financial Reporting Standards." Accounting & Finance 57(S1): 255-276., which has been published in final form at http://dx.doi.org/10.1111/acfi.12145. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions."