International Accounting Standards and Foreign Direct Investment
Journal Title: Quarterly Journal of Business Studies - Year 2015, Vol 2, Issue 3
Abstract
This paper examines the impact of the International Financial Reporting Standard (IFRS) adoption on Foreign Direct Investment (FDI) inflows. An annual panel dataset of 136 countries from 2002 to 2013 are used. Based on several preliminary tests, we perform random effect instrumental variable estimations on the dataset. We find that IFRS adoption has positive effect on FDI inflows, both directly and indirectly through interaction with regulatory quality. The results are robust to several alternative models with different governance-indicator variables.
Authors and Affiliations
Gene Johnson, Tam Vu , Eric Im
Keywords
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