国际财务报告准则对转型经济国家FDI经济后果研究.pdfVIP

A b s tra c t F ore ign D irect Inve stm e nt ha s b een re ce iv ing m uch attentio n du e to its beneficia l im pact on ho st cou ntrys econom ic g row th , e spec ia lly for em erg ing eco nom ies. E xtant lite ra tu re h a s stu d ie d m o tiv e s o f in v e stm e n t b e h a v io r o f M u ltin a tio n a ls a n d w h a t co nd itions shou ld e nta il for ho st co u ntrie s to attra ct m ore fo re ign d irect inve stm ents. B e sid e s tra d itio na l d e te rm in a n ts o f F D Is , in stitu tio n a l d e te rm in a n ts ha v e b e e n increa sing ly focuse d on in re ce nt yea rs. A s an im po rta nt com pon ent of in stitutio na l infra structure , accounting standa rd s in ho st countrie s have the ir econom ic co n seq uences. It is w ide ly accepted that h igh q ua lity financial inform atio n cou ld affect fore ig n inv esto rs investm ent decisio n s po sitive ly . A nd h igh qua lity fina ncia l repo rting sta nda rd s ，e .g . IF R S , are conducive to co nveying financ ia l inform ation re lia b ly to fo re ig n in ve sto rs, thu s prom o ting inve stm ents. H ow e ver, w e ll-shaped reporting incentive s of m anagem ent and strict enforcem ent of tho se standards are a lso vita l to the pro ductio n of h igh qua lity financ ia l inform ation . T h is pap er focu ses on m acro econom ic con sequences of Interna tio na l F ina n cia l R eporting S tandard s, nam e ly IF R S . A fte r co ntro lling trad itiona l determ ina nts of F D Is ^uch a s m a rket size , m a croeconom ic stab ility , I stud ied how a doptio n or converg ence of IF R S , tra n sition perform a n ce , in stitutio n a l e nv ironm ent an d the ir interaction s affe ct F D I inflow s . A nd it is em p irica lly show n that co m b ine d w ith b etter tra n sition perform a nce and in stitutiona l env ironm ent, ado ptio n or conve rgence of IF R S ha s po sitive a nd sign ificant