IFRS, FDI, economic growth and human development: The experience of Anglophone and Francophone African countries

Akisik, Orhan; Gal, Graham; Mangaliso, Mzamo P.

doi:10.1016/j.ememar.2020.100725

Cited by 54 publications

(45 citation statements)

References 87 publications

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“…These results are supported by research by Prawira et al (2017), which found that FDI has a positive effect on economic growth by Adam Smith's classical theory that natural resources, human resources, and capital are the three determining factors for economic growth. This research is also supported by research (Akisik et al, 2020;Putra et al, 2017;Silajdzic & Mehic, 2015) that FDI has a significant positive effect on economic growth.…”

Section: Resultssupporting

confidence: 67%

“…Prawira et al (2017) found that FDI has a positive effect on Indonesia's economic growth, which is consistent with Adam Smith's classical theory that natural resources, human resources, and capital are the three determining factors for economic growth. FDI has a significant positive effect on economic growth (Akisik et al, 2020;Bunte et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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The Determinants of Economic Growth: Empirical Study of 10 Asia-Pacific Countries

2021

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The purpose of this research to examine influence several independent variables, especially corruption, foreign direct investment (FDI), population growth, and government expenditure on the economic growth of 10 Asia-Pacific countries, and prove the hypothesis of the sand wheels theory whether corruption causes a decline and a slowdown in economic growth. This study uses panel data. The results showed that the variables of corruption have a negative impact on economic growth, foreign direct investment (FDI), and government expenditure have positives that significantly affect the level of economic growth in 10 Asia-Pacific countries. However, population growth does not significantly affect economic growth. The result implies that corruption has a negative effect on economic growth in 10 Asia-Pacific countries. Such an outcome provides evidence and confirms the hypothesis that corruption can sand the wheel of an economy. Countries must eradicate all forms of corruption and maintain a conducive investment climate so that there is a level of trust, especially in the Asia-Pacific countries, to create productive economic growth.JEL Classification: O47, D73, C12How to Cite:Nasir, M. S., Wibowo, A. R., & Yansyah, D. (2021). The Determinants of Economic Growth: Empirical Study Of 10 Asia-Pacific Countries. Signifikan: Jurnal Ilmu Ekonomi, 10(1), 149-160. https://doi.org/10.18752/sjie.v10i1.15310.

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Section: Resultssupporting

confidence: 67%

Section: Introductionmentioning

confidence: 99%

The Determinants of Economic Growth: Empirical Study of 10 Asia-Pacific Countries

2021

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“…The French colonial system is associated with the direct rule, which focuses on solid centralization, with all colonial decision-making, including the legal system centralized in Paris (Meouloud et al, 2019). The benefit of this centralization system is the facilitation of cultural integration and the development of a stronger sense of national identity in all Francophone colonies (Akisik et al, 2020). On the negative side, the centralization strategy lessened the development of independent institutions in Francophone countries.…”

Section: Introductionmentioning

confidence: 99%

“…On the other hand, The British colonial system was based on decentralization through indirect rule. This strategy, which employed indigenous African leadership including the kings, chiefs, and local institutions to, among other things, carry out British colonial policies, strengthen colonial government decrees, and maintain the legal system, led to the establishment of a sense of statehood rather than nationhood (Akisik et al, 2020). The British style focused on developing administrative capacity, fiscal and budgetary autonomy while, at the same time, discouraging the process of national integration and the emergence of national identities (Akisik et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

The Role of Renewable Energy and Ecological Footprint on Economic Growth in Francophone African Countries in presence of Institutions

2021

Preprint

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This paper targets to examine the impact of renewable energy and ecological footprint on economic growth in 14 selected French-speaking countries in Africa. The study contributes to the ongoing debate in the literature on environment growth-nexus by providing evidence that economic growth emerges with environmental degradations and can be improved when there is a robust institutional framework. The present research used the generalized method of moments (GMM) to assess a dynamic growth model with data from 2007 to 2015. The results demonstrate that renewable energy is significant and negatively related to economic growth, which implies that renewable energy sources lower the per capita income growth in these countries. Meanwhile, the ecological footprint is positive and statistically significant in impacting economic growth in the long run. For institutions, we find that voice and accountability, political stability, and the rule of law are positive and statistically significant in influencing economic growth. Consequently, it is recommended that policymakers in this region develop dual policies that raise institutions' quality with minimal emissions of greenhouse gases.

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“…An initial explanation for this phenomenon is that the adoption of high-quality accounting standards allows for better financial information; accordingly, this reduces information asymmetry for foreign investors, allowing them to find easier opportunities for value creation and gaining their trust in the market. So, foreign investors are encouraged to diversify their financial portfolio which then generates a virtuous growth circle (Amiram, 2012;Akisik et al, 2020). Moreover, the process of accounting harmonisation positively affects the capital market, increases the liquidity and, consequently, reduces the cost of capital (Daske et al, 2008;Li, 2010;Daske et al, 2013;de Moura et al, 2020).…”

Section: Analysis 1: Ifrs and Fdimentioning

confidence: 99%

Accounting Harmonisation through IAS/IFRS and Internationalisation: Evidence from FDIs and Cross-Border M&A

Montani¹,

Gervasio²,

Pulcini³

et al. 2021

AFR

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The process of accounting harmonisation via International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) adoption is very widespread, and it is still involving a huge number of countries all over the world.Previous academic literature investigated the impact of this process from different perspectives, such as the quality of financial reports, the transparency of financial disclosures, the liquidity of the financial markets and the cost of equity.The aim of this article is to contribute to the research stream exploring the effects of IAS/IFRS adoption, investigating if accounting harmonisation through the IAS/IFRS has had an impact on the internationalisation process. To achieve our objective, two multiple linear regression analyses are presented. The first one focuses on the impact of the adoption of IAS/IFRS on foreign direct investments (FDIs) using data collected from a sample of 34 Organisation for Economic Co-Operation and Development (OECD) member countries. The second statistical analysis investigates the influence of IAS/IFRS adoption on cross-border mergers and acquisitions (M&A), considering operations carried out by European-listed companies towards target companies located in the 34 OECD member countries. The FDIs and cross-border M&A are considered proxies of the internationalisation process.Preliminary results show that the adoption of IAS/IFRS has positively affected FDI flows and increased the value of cross-border M&A.This study has tried to provide theoretical contributions to the literature stream about the effects of the harmonisation process with IAS/IFRS adoption, showing the beneficial impact they may have on the internationalisation process. Moreover, our findings can be useful for policymakers and managers, suggesting that becoming IAS/IFRS adopters can facilitate the internationalisation process of the companies.

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IFRS, FDI, economic growth and human development: The experience of Anglophone and Francophone African countries

Cited by 54 publications

References 87 publications

The Determinants of Economic Growth: Empirical Study of 10 Asia-Pacific Countries

The Determinants of Economic Growth: Empirical Study of 10 Asia-Pacific Countries

The Role of Renewable Energy and Ecological Footprint on Economic Growth in Francophone African Countries in presence of Institutions

Accounting Harmonisation through IAS/IFRS and Internationalisation: Evidence from FDIs and Cross-Border M&A

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