The impact of IFRS adoption on foreign direct investment

Gordon, Lawrence A.; Loeb, Martin P.; Zhu, Wenjie

doi:10.1016/j.jaccpubpol.2012.06.001

Cited by 195 publications

(260 citation statements)

References 74 publications

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“…IFRS adoption by DCs is often advocated to attract FDI, but cross-country studies reveal conflicting evidence. For example, whilst a large-scale study of 124 countries found that FDI was positively associated with IFRS adoption (Gordon et al, 2012), Nnadi & Soobaroyen (2015) found the opposite to be the case in Africa.…”

Section: International Accounting Standards Transnational Institutiomentioning

confidence: 99%

Globalisation, accounting and developing countries

Hopper

Lassou

Soobaroyen

2017

Critical Perspectives on Accounting

218

357

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Accounting is an instrument and an object in globalisation but its impact and manifestation is not uniform across Northern developed countries and Southern developing countries (DCs). This paper reviews contributions on globalisation and its influence on accounting in DCs, and identifies important research gaps. It examines the role of accounting in changing development policies, from state capitalism through neo-liberal market-based to good-governance policies. It then considers specific accounting issues, namely the diffusion of International Accounting Standards (now International Financial Reporting Standards) and how they promote global neo-liberalism; the development of the accounting profession in DCs in the face of competition from Northern global accounting firms and professional associations; accounting issues in state-owned organisations, and privatised and multinational corporations; government accounting reforms and the resurrection of the state in DCs; social and environmental accounting issues; and the rise of non-governmental organisations and their accounting and accountability. The discussion and conclusions reflect on achievements to date and important areas requiring further development.

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Section: International Accounting Standards Transnational Institutiomentioning

confidence: 99%

Globalisation, accounting and developing countries

Hopper

Lassou

Soobaroyen

2017

Critical Perspectives on Accounting

218

357

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“…On the other hand Jadhav (2012) and Guerin and Manzocchi (2009) show that voice and accountability have a negative and significant effect on FDI. Others like Woo andHeo (2009), Li andResnick (2003) and Gordon et al (2012) report mixed results.…”

Section: Empirical View On Governance and Inward Fdimentioning

confidence: 96%

“…Voice and accountability can affect FDI by inclusion or exclusion of public opinion on investments which can in turn allow or deter foreign investments (Gani, 2007). Studies by Globerman and Shapiro (2002a), Jadhav (2012), Woo and Heo (2009), Busse and Hefeker (2005), Zheng (2011), Li and Resnick (2003), Davis (2011), Gordon et al (2012), Harms and Ursprung (2002), Jensen (2003), Jensen and McGillivray (2005), Busse (2004), Blanton and Blanton (2007), Choi (2008), Guerin and Manzocchi (2009) and Doces (2010) have reached mixed conclusions on the role of voice and accountability on inward FDI.…”

Section: Empirical View On Governance and Inward Fdimentioning

confidence: 99%

“…Presumably foreign investors would like to invest in countries with political stability to ensure the continuity of policies by government. Studies focusing on this measure of governance are Globerman and Shapiro (2002a), Anghel (2004), Jadhav (2012), Singh and Jun (1995), Busse and Hefeker (2005), Baek and Qian (2011), Gordon et al(2012), Busse et al(2011) have generated mixed results. While Anghel (2004), Baek and Qian (2011) and Busse et al (2011) found a positive and significant effect, the negative and insignificant effect is shown by Jadhav (2012).…”

Section: Empirical View On Governance and Inward Fdimentioning

confidence: 99%

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Institutions and Investment in the South and East Asia and Pacific Region: Evidence from Meta-Analysis

Yerrabati

Hawkes²

2016

Economics

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The ability of any country to attract inward FDI is considered to depend on the quality of the economic governance found within that state. This study seeks to explore the value of quality economic governance in attracting FDI in South and East Asia by meta-synthesising 771 estimates from 48 empirical studies published between 1980 and 2012. The authors find evidence that countries with good quality regulation and low levels of corruption are able to attract more FDI. They also find that countries with stronger legal systems are rewarded with higher levels of inward FDI. The results of the meta-regression suggest that investing in quality economic governance is rewarded in the global economy through high levels of inward FDI.

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“…Gordon, Loeb and Zhu (2012) [19] • Test the basic argument that the adoption of IFRS by a country results in increased foreign direct investment (FDI) inflows.…”

Section: The Effect Of Ifrs Adoption On Investment Management Worldwidementioning

confidence: 99%

The Effect of IFRS Adoption on Investment Management: A Review of the Literature

Kapellas¹,

Siougle²

2018

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Recent literature contains a number of studies that provide evidence that improvements in the performance related to business investments are associated with the main positive results of the implementation of international financial reporting standards (hear after IFRS). This study is an effort trying to summarize empirical evidences in current literature about the effect of the IFRS adoption on investment management. We summarize literature on the effect of IFRS a) in a European setting b) in a worldwide setting. We especially refer to the effect of European Crisis on Investment Management. We summarize evidence on the impact of IFRS adoption worldwide on investments assets, foreign direct investments (FDIs), cross boarder investments (Merger and Acquisition activities) and foreign mutual fund ownership. We finally present some evidence on the impact of IFRS adoption on US home bias and try to document the impact of IFRS adoption on international listing and IPOS in global markets.

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The impact of IFRS adoption on foreign direct investment

Cited by 195 publications

References 74 publications

Globalisation, accounting and developing countries

Globalisation, accounting and developing countries

Institutions and Investment in the South and East Asia and Pacific Region: Evidence from Meta-Analysis

The Effect of IFRS Adoption on Investment Management: A Review of the Literature

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