EFRAG publishes a study from an economic consultancy used as input to its Endorsement Advice on IFRS 16 Leases.
The study, which involved desktop research, primary data gathering and analysis (including interviews with 186 lessees and 90 lenders / lessors and other stakeholder interviews) addressed the following questions:
- What impact could IFRS 16 have on the behaviour of lessees listed on Regulated Markets, investors and lenders and the impact of any anticipated behavioural changes on the European Union economy?
- What economic costs and benefits could arise from the endorsement of IFRS 16?
- What is the potential impact of endorsing IFRS 16 on the European Union leasing industry?
- How could the implementation of IFRS 16 impact upon the financing available to unlisted SMEs?
- What other unintended consequences could arise due to the implementation of IFRS 16?
The study can be found here.