题目：The Effects of IFRS 9 on Loan Loss Recognition Timeliness: Early Evidence
Abstract: Effective from January 1, 2018, IFRS 9 significantly changed banks’accounting for the impairment of financial assets by replacing the incurred credit loss (ICL) model with the expected credit loss (ECL) model to enhance the timeliness of accruing for credit losses. Using a sample of international banks from 33 countries, we examine the impact of this shift to the ECL model on loan loss recognition timeliness. Using a difference-in-differences empirical specification, our results reveal this shift increases the loan loss recognition timeliness (LLRT). Consistent with the ECL model allowing more expected loan losses to be recognized earlier, we find that the positive effect on LLRT is more pronounced for risker banks and banks that recorded less loan losses prior to the shift. Finally, consistent with enforcement of IFRS being important for IFRS standards to be effective, we find a larger positive effect on LLRT for countries with stronger IFRS enforcement. Overall, our results provide an early insight into a revolutionary shift in the accounting for credit losses.