The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS

Abdullaeva Mokhirakhon (), Kamrul Hasan A. K. M. (), Yodgorova Feruza (), Khajieva Indira () and Nusratova Gulhayo ()
Additional contact information
Abdullaeva Mokhirakhon: Westminster International University in Tashkent, Finance Department, Uzbekistan
Kamrul Hasan A. K. M.: Westminster International University in Tashkent, Finance Department, Uzbekistan
Yodgorova Feruza: Westminster International University in Tashkent, Finance Department, Uzbekistan
Khajieva Indira: Westminster International University in Tashkent, Finance Department, Uzbekistan
Nusratova Gulhayo: Westminster International University in Tashkent, Finance Department, Uzbekistan

Financial Internet Quarterly (formerly e-Finanse), 2023, vol. 19, issue 2, 1-17

Abstract: International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no studies obtained based on transition economies in a particular geographic zone. Thus, this study is carried out to observe the influence of IFRS adoptation on the economic growth of 11 CIS countries from 2005 to 2018. To examine the actual effect of the variables, the regression model was divided into two sub-models based on the category of variables. There is a difference between the economic growth in adopted and non-adopted states. The adoption of IFRS showed negative and insignificant relation to GDP per capita. The number of observations after fully adopting IFRS was low, the data on IFRS adoption was challenging, and an advanced econometric model should be selected. The study compared CIS results with Eastern European countries to see a clear pattern and generate an efficient suggestion for policy implementation. The policy implementations related to Uzbeki-stan were also provided.

Keywords: economic growth; IFRS; adoption; CISs; transition economy (search for similar items in EconPapers)
JEL-codes: F15 F36 M41 M48 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/fiqf-2023-0008 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:19:y:2023:i:2:p:1-17:n:2

DOI: 10.2478/fiqf-2023-0008

Access Statistics for this article

Financial Internet Quarterly (formerly e-Finanse) is currently edited by Tomasz Skica

More articles in Financial Internet Quarterly (formerly e-Finanse) from Sciendo
Bibliographic data for series maintained by Peter Golla ().