The effect of fragility on foreign direct investment deterioration: the case of MENA countries

Abdelhadi, Samer; Bashayreh, Ala' G.; Alomari, Mohammad W.

doi:10.1080/20430795.2020.1857636

Cited by 4 publications

(2 citation statements)

References 10 publications

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“…For example, according to Schneider and Frey (1985), political stability is one of the most critical factors affecting foreign investors. In addition, Abdelhadi et al (2021) argue that foreign investors consider a country's political stability before making any investment decision.…”

Section: Institutional Quality Measuresmentioning

confidence: 99%

Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries

Cieślik

Hamza

2022

IJFS

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The adoption of International Financial Reporting Standards (IFRS) by 166 countries since 2004 has been a major achievement in the international standardization of accounting regulations. The present paper draws on the Eclectic Paradigm as the analytical framework to investigate the effects of IFRS adoption on foreign direct investment (FDI) inflows. The analysis is conducted based on panel data from 22 Middle Eastern and North African economies (MENA) between 1996 and 2019. The findings indicate that FDI inflows are positively associated with IFRS, and countries implementing the accounting standards receive a higher increase in FDI inflows. Furthermore, the results show that institutional quality plays an important role in attracting FDI. These results remain robust using lag and time-fixed effect estimation methods. The findings have several implications for policymakers.

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Section: Institutional Quality Measuresmentioning

confidence: 99%

Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries

Cieślik

Hamza

2022

IJFS

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“…Hence, coercive pressures should be maximised by regulatory bodies in the selected MENA countries in order for auditing practices to be widely accepted. Therefore, coercive isomorphism in a country consequently compels its institutions to adopt high-quality auditing standards to respond to pressure from political bodies and gain greater institutional legitimacy (Hopper et al 2017;Abdelhadi et al 2021;Elmghaamez and Elmagrhi 2022).…”

Section: Framing the Legal Systemmentioning

confidence: 99%

International Standards on Auditing (ISAs) Adoption: An Institutional Perspective

Eltweri

Faccia

Foster

2022

Administrative Sciences

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This study seeks to examine the factors that influence the adoption of ISAs, intending to stimulate establishing a responsible and efficient auditing regime in Libyan auditing practice, shedding light on challenges in auditing practices in the North African region. This study conducted semi-structured interviews with 43 participants that represented 5 key actors from within the auditing field in Libya, including preparers and users of annual reports. Regarding ISAs adoption, the study focused on those institutional isomorphism drivers that are found to produce a greater impact on the experience of auditing practice in Libya. The identified factors are (a) foreign corporations, such as accountancy firms, (b) economic systems and the stock market, (c) international financial institutions (IFIs), and (d) the legal system. The research demonstrated that these drivers systematically and consistently predict the level of ISAs adoption commitment and associated harmonisation. Given the growing interest in harmonising auditing practice not only by scholars but also by policy and decision-makers, the relevance of this research cannot be questioned since it addresses significant concerns and contributes to the development of an under-researched topic in Africa. This paper expands the literature on the importance of harmonising auditing practices and provides fresh insights into auditing practices in a politically unstable country. Awareness is also raised about the most relevant drivers of adopting ISAs and several implications for policymakers and regulators in pursuing international harmonisation of auditing standards.

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Investment-growth nexus in West Africa: An assessment of whether fragility matter

Ijirshar

Andohol

2022

International Review of Economics & Finance

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The effect of fragility on foreign direct investment deterioration: the case of MENA countries

Cited by 4 publications

References 10 publications

Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries

Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries

International Standards on Auditing (ISAs) Adoption: An Institutional Perspective

Investment-growth nexus in West Africa: An assessment of whether fragility matter

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