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Full-Text Articles in Corporate Finance
Additional Evidence On The Impact Of The International Financial Reporting Standards On Earnings Quality: Evidence From Latin America, Mauricio A. Melgarejo
Additional Evidence On The Impact Of The International Financial Reporting Standards On Earnings Quality: Evidence From Latin America, Mauricio A. Melgarejo
Mauricio Melgarejo
The purpose of this paper is to explore whether the adoption of the International Financial Reporting Standards (IFRS) has an impact on the quality of earnings in Latin America. Studying a sample offirms from Argentina, Brazil, Chile, Mexico, and Peru, I find that management reports a lower level of discretionary accruals after the implementation of the IFRS. In addition, this study provides evidence that earnings are more persistent and stock prices are more associated with earning numbers after the application of IFRS. This paper provides evidence that earnings quality has increased after the adoption of IFRS in Latin America.
Institutional, Macro Economic Policy Factors And Foreign Direct Investment: South Asian Countries Case, Muhammad Azam, Hashim Khan, Ahmed Imran Hunjra, H. Mushtaq Ahmad, M. Irfan Chani
Institutional, Macro Economic Policy Factors And Foreign Direct Investment: South Asian Countries Case, Muhammad Azam, Hashim Khan, Ahmed Imran Hunjra, H. Mushtaq Ahmad, M. Irfan Chani
Ahmed Imran Hunjra (PhD)
Recent economic literature suggests that institutional quality factors exert positive effect on foreign direct investment (FDI) inflows. The main focus of this study is to examine the role of institutional factors and macro economic policy factors on FDI inflows in a panel data of seven South Asian countries over the period of 12 years since 1996 to 2007. This study implies that a good institutional quality plays a key role in attractiveness of FDI inflows. A poor macroeconomic policy situation produces negative impact on FDI. Good Institutional quality and poor macroeconomic policy generate negative effect in a combined form on …