The impact of International Financial Reporting Standards (IFRS) adoption on Foreign Direct Investments (FDI): Evidence from Africa and implications for managers of education

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dc.contributor.authorAkpomi, Margaret Emalereta
dc.contributor.authorNnadi, Matthias Akandu
dc.date.accessioned2017-09-19T14:23:57Z
dc.date.available2017-09-19T14:23:57Z
dc.date.issued2017-05-01
dc.description.abstractForeign direct investments have been shown by previous studies to promote economic growth and development especially in the emerging markets through human capital development and technology transfer. In this study, adopting the International Financial Reporting Standards (IFRS) is considered a way of attracting FDI, improving comparability in financial reporting, reducing information asymmetries and cost for foreign investors. The effect of regulatory quality is found as an incentive for quality of accounting information and compliance to the IFRS by firms. Using the fixed effect model for the regression and a sample of 48 countries in Africa, we find that adoption of IFRS has a positive effect on the flow of FDIs. We also established that regulatory quality is an incentive for compliance to IFRS standards. The results which are very necessary for managers of education (teachers of accounting education), show that IFRS adoption by African countries will boost the flow of FDIs by increasing comparability. Improving regulatory quality will further strengthen the effect of IFRS adoption on the flow of FDI as it also enhances transparency.en_UK
dc.identifier.citationAkpomi ME, Nnadi MA, The impact of International Financial Reporting Standards (IFRS) adoption on Foreign Direct Investments (FDI): Evidence from Africa and implications for managers of education, Journal of Accounting and Financial Management, Vol. 3, Issue 2, 2017, pp. 51-65en_UK
dc.identifier.issn2504-8856
dc.identifier.urihttps://www.iiardpub.org/get/JAFM/VOL. 3 NO. 2 2017/The impact of International.pdf
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/12513
dc.language.isoenen_UK
dc.publisherI I A R D Publication Companyen_UK
dc.rightsAttribution-Non-Commercial 3.0 Unported (CC BY-NC 3.0) You are free to: Share — copy and redistribute the material in any medium or format, Adapt — remix, transform, and build upon the material. The licensor cannot revoke these freedoms as long as you follow the license terms. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. Information: Non-Commercial — You may not use the material for commercial purposes. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
dc.subjectForeign Direct Investmentsen_UK
dc.subjectInternational Financial Reporting Standardsen_UK
dc.subjectInformation Asymmetryen_UK
dc.subjectEducation Managersen_UK
dc.subjectAfricaen_UK
dc.titleThe impact of International Financial Reporting Standards (IFRS) adoption on Foreign Direct Investments (FDI): Evidence from Africa and implications for managers of educationen_UK
dc.typeArticleen_UK

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