Details

Autor(en) / Beteiligte

• Zeghal, Daniel
• Mhedhbi, Karim

Titel

Analyzing the effect of using international accounting standards on the development of emerging capital markets

Ist Teil von

• International journal of accounting and information management, 2012-07, Vol.20 (3), p.220-237

Ort / Verlag

Bingley: Emerald Group Publishing Limited

Erscheinungsjahr

2012

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Purpose - The purpose of this paper is to analyze the consequences of using international accounting standards (IAS IFRS) for the development of capital markets located in developing countries (emerging capital markets).Design methodology approach - The authors conduct an empirical study using a sample of 38 developing countries with capital markets, starting by comparing the means of the different measures studied before and after the use of IAS IFRS. A multivariate statistical analysis is conducted based on the estimation of a model of panel data with fixed effects.Findings - The results show that the development of the emerging capital markets is positively and significantly associated with the use of international accounting standards.Practical implications - The paper's findings are of interest to several different parties, primarily the national accounting standardization body, the IASB, many international organizations and international investors.Originality value - The paper describes an empirical study, conducted on a group of developing countries, which provides a better understanding of the potential consequences of the use of IASB standards. The paper is also a meaningful contribution to the international accounting literature, as it examines an interesting subject that has not yet been investigated.