Impact of International Financial Reporting Standards Adoption on Foreign Direct Investment in Ghana

Authors

  • Abubakari Najimu

Abstract

The use of international financial accounting standards (IFRS) in the preparation of financial statements is becoming a necessity for many countries because of the benefits that follows its adoption. Several benefits flow from the use of these standards in a country as it reduces trade barriers, increases investor confidence and many others. This research study examined the impact of IFRS on FDI in Ghana over the period spanning 1990 to 2017. The results show that IFRS adoption positively and significantly affect FDI inflows. This finding is robust to the inclusion of several control variables. We recommend the adoption of sound accounting practices and IFRS in particular if a country seeks to promote its overall FDI inflows.

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Published

2019-11-30

How to Cite

Najimu, A. (2019). Impact of International Financial Reporting Standards Adoption on Foreign Direct Investment in Ghana. ADRRI Journal of Arts and Social Sciences, 17(2), 1-17. Retrieved from https://ojs.adrri.org/index.php/adrrijass/article/view/488

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