The impact of adopting IFRS, a comparison between emerging and developed economies

Ibrahim Mert

International Journal of Management and Enterprise Development, 2025, vol. 24, issue 3, 249-279

Abstract: The International Financial Reporting Standards (IFRS) are presented as global accounting standards. The IFRS has enhanced accounting quality in developed European countries, according to study. This study compares IFRS implementation in developed and emerging economies. This study uses quantitative and qualitative methods to examine the hypothesis. In qualitative assessment, comprehensive literature review is used. The quantitative hypothesis testing showed no difference in IFRS adoption between emerging and developing nations. The study also shows how socio-economic position affects standard implementation in different countries. Journal articles from 2015-2021 were chosen. An organised literature evaluation collected data from 46 studies published throughout the observed time. Results revealed that adopting IFRS improves accounting information and FDI. Foreign direct investments and financial reporting quality were most affected in emerging economies. The study suggests that developed and emerging economies without the IFRS should weigh its pros and downsides. The research indicates several aspects, such as corporate governance structures, that might help emerging economies adopt IFRS and reap its full benefits.

Keywords: International Financial Reporting Standards; IFRS; financial reporting quality: foreign direct investments; developed countries; emerging countries. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmede:v:24:y:2025:i:3:p:249-279

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