Do The Rules Attract The Money Implication Of Ifrs Adoption On Foreign Direct Investment PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Do The Rules Attract The Money Implication Of Ifrs Adoption On Foreign Direct Investment PDF full book. Access full book title Do The Rules Attract The Money Implication Of Ifrs Adoption On Foreign Direct Investment.
Author | : Uchenna Efobi |
Publisher | : |
Total Pages | : 22 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Do the Rules Attract the Money? Implication of IFRS Adoption on Foreign Direct Investment Book in PDF, ePub and Kindle
The adoption of IFRS is expected to significantly affect the quality of global financial reporting and improve investment decisions. A major question that arises, therefore, is: does this stance hold when the time dimension, post IFRS adoption period (i.e. the number of years a country has adopted IFRS), is considered? Secondly, what role do institutions play in this relationship? A sample of 92 countries, comprising of both developed and developing countries, was selected for the period 2002-2010. The baseline model comprise of the macro-economic, structural covariates and measures of institutions, IFRS adoption and the interactions between institutions and IFRS adoption. The System Generalized Method of Moments estimation technique was used for the data estimations. The results show that IFRS is not able to attract much of FDI, and institutional development plays a substitutive role in this regard. This implies that as they pursue the adoption of IFRS, countries should drive at the development of their institutional capacity through policies that will support private investment, regulatory quality, and rule of law, property rights and protection and control of corruption.
Author | : Liam Leonard |
Publisher | : Emerald Group Publishing |
Total Pages | : 337 |
Release | : 2015-04-13 |
Genre | : Nature |
ISBN | : 1785605577 |
Download Beyond the UN Global Compact Book in PDF, ePub and Kindle
This book offers global perspectives on institutions and regulations promoting sustainable economic growth in the Post 2015 development agenda. It addresses sustainability issues from multidisciplinary viewpoints. This second volume, focusing on The UN Global Compact, advances perspectives on the non-compulsory alternative to market regulations.
Author | : Gregory Sabin |
Publisher | : |
Total Pages | : 33 |
Release | : 2019 |
Genre | : |
ISBN | : |
Download Transparency Vs. Comparability Book in PDF, ePub and Kindle
This paper examines the roles comparability and transparency play in the relation between IFRS adoption and foreign direct investment (FDI). In this study, I disentangle the impact of transparency and comparability through the use of a natural experiment resulting from Mexico's adoption of IFRS in 2012. Greater comparability (adoption of IFRS by both domestic and foreign parties), controlling for transparency (adoption of IFRS by Mexico), increases FDI inflows as reported in column 5 in Table 4. Individually, greater transparency and comparability have been associated with increases in investment activity. However, it is unclear from the existing literature how transparency and comparability interact in the FDI setting. Consistent with prior findings, I find the adoption of IFRS is associated with increases in inbound foreign direct investment. This paper contributes to the literature on IFRS and FDI, specifically with respect to the role of common financial standards in increasing foreign investment activity.
Author | : Efobi Uchenna |
Publisher | : |
Total Pages | : 36 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download How Does Foreign Aid Affect the Relationship Between IFRS Adoption and Foreign Direct Investment? Book in PDF, ePub and Kindle
This paper constructs a theoretical model to explain the relationship between IFRS adoption, FDI and foreign aid. Using the SGMM estimation technique to check the issue of endogeneity and reverse causality, this relationship was examined on 92 countries for the period 2003-2012. Overall, IFRS adoption attracts more aid when conditioned on foreign aid; however, when disaggregating foreign aid, the effect of foreign aid on the nexus was contradictory, while multilateral aid flow was positive. This result remained consistent despite the battery of checks.
Author | : Bahaaeddin Alareeni |
Publisher | : Springer Nature |
Total Pages | : 1074 |
Release | : |
Genre | : |
ISBN | : 3031652037 |
Download Opportunities and Risks in AI for Business Development Book in PDF, ePub and Kindle
Author | : David Anthony Procházka |
Publisher | : |
Total Pages | : 16 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download The Theoretical Relationships Among Foreign Direct Investments, Migration and IFRS Adoption Book in PDF, ePub and Kindle
The globalization of the world economy is accompanied by changes in volume and structure of international trade, capital flows and human migration. The paper focuses on theoretical aspects of recent changes in the area of international harmonization of accounting through the adoption of the International Financial Reporting Standards (IFRS), migration and foreign direct investments with the emphasis on their mutual interdependencies.
Author | : Per-Ove Hesselborn |
Publisher | : Springer |
Total Pages | : 585 |
Release | : 1977-12-15 |
Genre | : Business & Economics |
ISBN | : 1349031968 |
Download The International Allocation of Economic Activity Book in PDF, ePub and Kindle
Author | : Mark L. DeFond |
Publisher | : |
Total Pages | : 54 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Did China's Adoption of IFRS Attract More Foreign Institutional Investment? Book in PDF, ePub and Kindle
We examine the impact of China's IFRS adoption on foreign institutional investment. We find that foreign institutional investment does not increase after China's IFRS adoption, and some evidence that it actually declines, particularly among firms with weaker incentives to credibly implement IFRS, or with greater ability to manipulate IFRS's fair value provisions. We also find that the association between earnings and returns generally declines after IFRS adoption, consistent with reduced earnings quality. In addition, we find that foreign institutional investors' returns decline after China's IFRS adoption. Finally, the decline in foreign institutional investment is greater among investors from countries with weak institutions that have also adopted IFRS. Taken together, our evidence suggests that China's weak institutional infrastructure impairs IFRS's ability to improve financial reporting quality and increase foreign institutional investment.
Author | : Mark L. DeFond |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download The Impact of Mandatory IFRS Adoption on Foreign Mutual Fund Ownership Book in PDF, ePub and Kindle
Proponents of IFRS argue that mandating a uniform set of accounting standards improves financial statement comparability that in turn attracts greater cross-border investment. We test this assertion by examining changes in foreign mutual fund investment in firms following mandatory IFRS adoption in the European Union in 2005. We measure improved comparability as a credible increase in uniformity, defined as a large increase in the number of industry peers using the same accounting standards in countries with credible implementation. Consistent with this assertion, we find that foreign mutual fund ownership increases when mandatory IFRS adoption leads to improved comparability.
Author | : Ru Gao |
Publisher | : |
Total Pages | : |
Release | : 2017 |
Genre | : |
ISBN | : |
Download The Impact of Mandatory IFRS Adoption on Investment Efficiency Book in PDF, ePub and Kindle
This paper investigates whether mandatory adoption of International Financial Reporting Standards (IFRS) is followed by a decline in firms' sub-optimal investments. On average, we find that the probability of under-investment in capital expenditure declines for firms from 23 countries requiring mandatory adoption of IFRS relative to firms from countries that do not have such requirements; meanwhile the probability of over-investment remains unchanged. However, this real effect becomes smaller when we control for the concurrent changes to the enforcement of financial reporting along with the introduction of IFRS in some countries, suggesting that the switch in standards is only one of the drivers for the observed benefits. Moreover, we find that the reduction in sub-optimal investments is driven by firms with high reporting incentives to provide transparent financial reports from countries where the existing legal and enforcement systems are strong. We further show that the real effect increases with the predicted changes in accounting comparability. Further, we find that after mandatory IFRS adoption, capital investment becomes more value-relevant, less sensitive to the availability of free cash flows and more responsive to growth opportunities. Our findings provide new insights into the real effects of mandatory IFRS adoption.