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This research describes the effect of  IFRS  16 on the attitude of sophisticated lenders towards loan contracting. The goal of  IFRS  16 was to enhance reporting quality and provide a more faithful representation of the financial statements. Data from 3,955 firms using  IFRS  and 1,433 using US GAAP were analyzed. Firms reporting under  IFRS  obtained larger loan sizes, although the difference with firms reporting under US GAAP is insignificant. They also received lower borrowing rates, and shorter maturities.  IFRS  16 has a reinforcing effect towards loan contracting for sophisticated lenders, defined as banks, for the borrowing rate and maturities. For loan size,  IFRS  16 has a reinforcing effect for unsophisticated lenders, defined as trade creditors.

The effect of IFRS 16 on the attitude of sophisticated and unsophisticated lenders towards loan contracting