publication . Article . 2017

The impact of International Financial Reporting Standards (IFRS) adoption on Foreign Direct Investments (FDI): Evidence from Africa and implications for managers of education

Akpomi, Margaret Emalereta; Nnadi, Matthias Akandu;
Open Access English
  • Published: 01 May 2017
  • Publisher: I I A R D Publication Company
  • Country: United Kingdom
Abstract
Foreign direct investments have been shown by previous studies to promote economic growth and development especially in the emerging markets through human capital development and technology transfer. In this study, adopting the International Financial Reporting Standards (IFRS) is considered a way of attracting FDI, improving comparability in financial reporting, reducing information asymmetries and cost for foreign investors. The effect of regulatory quality is found as an incentive for quality of accounting information and compliance to the IFRS by firms. Using the fixed effect model for the regression and a sample of 48 countries in Africa, we find that adopt...
Subjects
free text keywords: Foreign Direct Investments, International Financial Reporting Standards, Information Asymmetry, Education Managers, Africa
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Article . 2017
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