The Impact of IFRS Adoption on Foreign Direct Investment in CIS

• Autorzy: Sherkulov Sanjar , A. K. M. Kamrul Hasan , Indira Khajieva , Gulhayo Nusratova
• Języki publikacji: EN

Abstrakty

EN

Exploring the relationship between International Financial Reporting Standards (IFRS) and For-eign Direct Investment (FDI) inflows is the main objective of this paper. Although IFRS is identi-fied as a determinant of FDI, a few studies have examined the impact of IFRS on FDI inflows, and it is unexplored as to whether IFRS impacts CIS countries. This paper covers ten (10) IFRS adopt-ed CIS countries from 2000 to 2019 using Ordinary Least Square (OLS) and bias-corrected Least Square Dummy Variable (LSDVC). OLS estimator shows that IFRS positively impacts FDI inflows. However, according to the results of LSDVC, there is a negative relationship between IFRS adop-tion and FDI inflows. Generally, in developing countries implementing IFRS would lead to FDI enhancement. The negative relationship between IFRS adoption and FDI inflows in CIS countries shows that IFRS is not an essential factor of FDI inflows. (original abstract)

Słowa kluczowe

EN

International Financial Reporting Standard; Foreign investment; Direct investments

PL

Międzynarodowe Standardy Sprawozdawczości Finansowej (MSSF); Inwestycje zagraniczne; Inwestycje bezpośrednie

• Czasopismo: e-Finanse
• Rocznik: 2022
• Tom: 18
• Numer: nr 1
• Strony: 74--90

Twórcy

autor

Sherkulov Sanjar

• Westminster International University in Tashkent, Uzbekistan

autor

A. K. M. Kamrul Hasan

• Westminster International University in Tashkent, Uzbekistan

autor

Indira Khajieva

• Westminster International University in Tashkent, Uzbekistan

autor

Gulhayo Nusratova

• Westminster International University in Tashkent, Uzbekistan

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Identyfikatory

DOI

10.2478/fiqf-2022-0007