Abstract
The main objective of the international IFRS accounting standards is to produce and publish high-quality information that helps in decision-making at the global-level. The present study examines the positive impact of the decision of applying the IFRS to the informational - quality of published accounting figures Approaching this informational quality by using asymmetrical information, and validating a model - based on a quantitative study conducted by 139 co-copanies that are listed on the Tan's stock exchange for 16 years, our results show that the mandatory adoption of the MRS has significantly reduced the cost of the capital, which implies that the informational relevance of the accounting figures has improved after the implementation of these standards: Moreover, these results show that when standard's are unform and Rogenous to the national institutions, the quality of the financial information is not influenced by legal and political institutions. By also at a mining the moderating effect of indebtedness, this study shows that the mandatory adoption of the IFRS is more beneficial-in most indebted companies.