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IFRS adoption and economic growth in developing economies


Citation

Owusu, Godfred Matthew Yaw and Suppiah, Susela Devi K. and Mohd Saat, Nur Ashikin and Law, Siong Hook (2021) IFRS adoption and economic growth in developing economies. International Journal of Economics and Accounting, 11 (1). pp. 1-18. ISSN 2041-868X; ESSN: 2041-8698

Abstract

We examine whether the adoption of International Financial Reporting Standards (IFRS) affects economic growth in developing economies and investigate the role that country-level institutional quality plays in the relationship. Using a panel data averaged over three non-overlapping years, from the period 1996 to 2013, for 78 developing countries and employing the efficient two-step system generalised methods of moment (GMM) estimation technique; we find that countries that adopt IFRS experience better economic growth than non-adopting countries. Our results also demonstrate that good institutions moderate the IFRS-economic growth nexus. Taken together, these findings suggest that IFRS adoption has important implications for economic growth.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1504/IJEA.2022.119613
Publisher: Inderscience Publishers
Keywords: International Financial Reporting Standards; IFRS; Economic growth; Developing economies; Generalised methods of moment; GMM; Institutional quality; Foreign direct investment; FDI; Principal component analysis; Accounting standards; System GMM; Accounting systems
Depositing User: Ms. Nuraida Ibrahim
Date Deposited: 25 Jul 2022 03:58
Last Modified: 25 Jul 2022 03:58
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1504/IJEA.2022.119613
URI: http://psasir.upm.edu.my/id/eprint/97612
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