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IFRS adoption and economic growth in developing economies

Author

Listed:
  • Godfred Matthew Yaw Owusu
  • Susela Devi K. Suppiah
  • Nur Ashikin Mohd Saat
  • Siong Hook Law

Abstract

We examine whether the adoption of International Financial Reporting Standards (IFRS) affects economic growth in developing economies and investigate the role that country-level institutional quality plays in the relationship. Using a panel data averaged over three non-overlapping years, from the period 1996 to 2013, for 78 developing countries and employing the efficient two-step system generalised methods of moment (GMM) estimation technique; we find that countries that adopt IFRS experience better economic growth than non-adopting countries. Our results also demonstrate that good institutions moderate the IFRS-economic growth nexus. Taken together, these findings suggest that IFRS adoption has important implications for economic growth.

Suggested Citation

  • Godfred Matthew Yaw Owusu & Susela Devi K. Suppiah & Nur Ashikin Mohd Saat & Siong Hook Law, 2022. "IFRS adoption and economic growth in developing economies," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 11(1), pages 73-98.
    • Handle: RePEc:ids:ijecac:v:11:y:2022:i:1:p:73-98
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