We are now interested in economic analysis on
accounting in developing countries. After a preliminary
literature review, we found a few of pioneering empirical works
exist. For example, in the accounting field, the effect of
IFRS on foreign direct investment (FDI) is analyzed based on time
series panel data including a large number of developed and
developing countries. It is an interesting result that IFRS
has a positive causal relationship with FDI in developing
countries. In the development economics field, the effects of
management skills including bookkeeping of small business owners on
their performance are investigated based on survey at some business
clusters in Nairobi, Kenya. We can immediately follow the
above literatures, and have already started to analyze the effects
of IFRS on financial market and macro economy in developing
countries. Possible extensions are geographical area, past
colonial history, public finance and so on. Also, we can
conduct local surveys in some selected developing countries,
centering on the business practices of accounting and bookkeeping,
and covering wider range of small to large scaled
IFRS Adoption Survey Summary Results
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