The Relationship between IFRS Adoption and Foreign Direct Investments in Gulf Cooperation Council Countries

• Autorzy: Sarah Chehade , David Procházka

Warianty tytułu

Związek między przyjęciem MSSF a bezpośrednimi inwestycjami zagranicznymi w krajach Rady Współpracy Zatoki Perskiej

• Języki publikacji: EN

Abstrakty

EN

Purpose: This paper investigates the relationship between International Financial Reporting Standards (IFRS) adoption and Foreign Direct Investments (FDI) inflows in a sample of Gulf Cooperation Council (GCC) countries, namely Kuwait, Qatar, UAE, and Saudi Arabia over the period standing between 1990 and 2020.
Methodology/approach: This study implements a statistical analysis, starting with a panel correlation matrix and then a panel unit root test to identify the integrating properties of variables. The Pedroni panel co-integration approach tests co-integration among variables, and the instrumental Generalized Method of Moments (GMM) estimation technique identifies the relationship among variables and their significance.
Findings: The results imply that only Gross Domestic Product (GDP) per capita, exchange rate and trade enhance FDI inflows in the studied countries. Contrary to our expectations, the IFRS was found to be insignificant on FDI along with economic control variables.
Originality/value: Using multiple control variables, this study provides original empirical evidence and statistical analysis on the effect of IFRS adoption on FDI inflows in the GCC area. (original abstract)

Cel: Celem artykułu jest zbadanie związku między przyjęciem MSSF a napływem bezpośrednich inwestycji zagranicznych (BIZ) na próbie krajów Rady Współpracy Zatoki Perskiej (GCC), tj. Arabii Saudyjskiej, Kuwejtu, Kataru oraz Zjednoczonych Emiratów Arabskich w latach 1990-2020.
Metodyka/podejście badawcze: W artykule zastosowano analizę statystyczną opartą na macierzy korelacji panelowej i panelowego testu pierwiastka jednostkowego w celu określenia właściwości zintegrowania zmiennych. Wykorzystano również podejście Pedroniego do testowania kointegracji między zmiennymi oraz uogólnioną metodę momentów (estymacja GMM) w celu określenia istotności związku między zmiennymi.
Wyniki: Rezultaty badań wskazują, że tylko PKB per capita, kurs walutowy i handel zwiększają napływ BZI w badanych krajach. Przeciwnie do naszych oczekiwań, przyjęcie MSSF okazało się nieistotnym czynnikiem wpływającym na BZI wraz z innymi ekonomicznymi zmiennymi kontrolnymi.
Oryginalność/wartość: Badanie dostarcza dowodów empirycznych i analizy statystycznej związku przyjęcia MSSF z napływem BZI w krajach GCC z użyciem licznych zmiennych kontrolnych. (abstrakt oryginalny)

Słowa kluczowe

EN

International Financial Reporting Standard; Direct investments; Foreign investment; Emerging markets; Cointegration

PL

Międzynarodowe Standardy Sprawozdawczości Finansowej (MSSF); Inwestycje bezpośrednie; Inwestycje zagraniczne; Rynki wschodzące; Kointegracja

• Czasopismo: Zeszyty Teoretyczne Rachunkowości
• Rocznik: 2022
• Tom: 46
• Numer: nr 4
• Strony: 9--26

Twórcy

autor

Sarah Chehade

• Prague University of Economics and Business ; Lebanese International University, School of Business, Lebanon

autor

David Procházka

• University of Economics, Prague, PhD student

Bibliografia

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Identyfikatory

DOI

10.5604/01.3001.0016.1300