Financial Information Globalization and Foreign Investment Decisions

Amiram, Dan

doi:10.2308/jiar-50282

Cited by 82 publications

(93 citation statements)

References 26 publications

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“…It increased the investors" capacity to better understand the investment environment. It enhanced the investors" competence to analyze foreign market opportunities, which actually raise international investment (Huberman, 2001;Graham et al, 2009;Amiram, 2012). The role of the IFRS standards was important to establish familiar information at the international level.…”

Section: Ifrs and Increase In Familiarity For Foreign Investorsmentioning

confidence: 99%

The article has been withdrawn

Garrouch¹

2022

IJEF

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This study examines how mandatory IFRS adoption influences international investors" ownership and decisions. Based on a sample of French firms listed on the SBF 120 stock index, we find that international accounting harmonization leads to attract foreign equity to France. Investors become more confident and transactions are more transparent, which facilitates decision making. We try also to understand the characteristics and influence of governance mechanisms as means of IFRS enforcement. We show that the change in foreign institutional holdings depends on effective enforcement. However, corporate governance mechanisms are not all efficient in enforcing these standards in France. Indeed, a high audit quality represents a key factor which can help firms to attract non domestic shareholders, but the passivity of the independent board members is clear for the French companies of our sample.

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Section: Ifrs and Increase In Familiarity For Foreign Investorsmentioning

confidence: 99%

The article has been withdrawn

Garrouch¹

2022

IJEF

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“…Ball, 2006;Daske and Gebhardt, 2006;Barth et al, 2007) shows that the International Financial Reporting Standards (IFRS) presents a better quality of accounting information, especially with regards to the global investment flow, than national GAAP (Generally Accepted Accounting Principles). It is in this light that there has been a proliferation of accounting studies on the linkage between IFRS and FDI: thus, reaching the consensus that the adoption of IFRS has a positive impact on the inflow of FDI (MarquezRamos, 2011;Prochazka and Prochazkova, 2011;Amiram, 2012;Gordon, Loeb and Zhu, 2012;Chen, Ding and Xu, 2014;Efobi, 2015) Chen, Ding and Xu (2014) identified atleast two channels that clearly explains why the adoption of IFRS results to an increment in the inflow of FDI into the adopting country.…”

Section: Ifrs Adoption and Fdimentioning

confidence: 99%

How Does Foreign Aid Affect the Relationship between IFRS Adoption and Foreign Direct Investment?

Efobi

Nnadi

2015

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. however, when disaggregating foreign aid, the effect of foreign aid on the nexus was contradictory, while multilateral aid flow was positive. This result remained consistent despite the battery of checks. Terms of use: Documents in EconStor may

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“…Prior relevant academic research suggested that information asymmetry be- [13] predicted that foreign investments will increase in countries that adopted IFRS after the transition to IFRS. He investigated the relationship between IFRS adoption and foreign investment decisions and found that foreign equity portfolio investments (FPI)…”

Section: The Effect Of Ifrs Adoption On Investment Management Worldwidementioning

confidence: 99%

The Effect of IFRS Adoption on Investment Management: A Review of the Literature

Kapellas¹,

Siougle²

2018

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Recent literature contains a number of studies that provide evidence that improvements in the performance related to business investments are associated with the main positive results of the implementation of international financial reporting standards (hear after IFRS). This study is an effort trying to summarize empirical evidences in current literature about the effect of the IFRS adoption on investment management. We summarize literature on the effect of IFRS a) in a European setting b) in a worldwide setting. We especially refer to the effect of European Crisis on Investment Management. We summarize evidence on the impact of IFRS adoption worldwide on investments assets, foreign direct investments (FDIs), cross boarder investments (Merger and Acquisition activities) and foreign mutual fund ownership. We finally present some evidence on the impact of IFRS adoption on US home bias and try to document the impact of IFRS adoption on international listing and IPOS in global markets.

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Financial Information Globalization and Foreign Investment Decisions

Cited by 82 publications

References 26 publications

The article has been withdrawn

The article has been withdrawn

How Does Foreign Aid Affect the Relationship between IFRS Adoption and Foreign Direct Investment?

The Effect of IFRS Adoption on Investment Management: A Review of the Literature

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