Does IFRS mandatory adoption promote economic growth in European countries via Cost of Capital: Pooled Mean Group-ARDL vs Generalized Method of Moments

Autor:	Ghouma GHOUMA, Hamdi BECHA, Maha KALAI, Kamel HELALI
Rok vydání:	2023
DOI:	10.21203/rs.3.rs-2812908/v1
Popis:	This study examines the effect of IFRS mandatory adoption on economic growth in 17 European countries via the Cost of Capital between 1994 and 2021 using PMG-ARDL and GMM-system techniques. The results show that IFRS adoption in European countries positively affects economic growth. This implies that the adoption of IFRS in these countries has led to improvements in financial reporting quality, which has positively impacted investment decisions and stimulated economic growth. These results provide insights into the benefits of adopting international accounting standards and highlight the importance of institutional and financial factors in shaping the economic impact of adopting accounting standards. JEL Classification: C23; M40; O11; O52.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7d1fe9894434805b61c039621598afcc https://doi.org/10.21203/rs.3.rs-2812908/v1 Zobrazit plný text záznamu