1. bookVolume 67 (2022): Issue 1 (April 2022)
Journal Details
License
Format
Journal
eISSN
2065-9644
First Published
06 Mar 2016
Publication timeframe
3 times per year
Languages
English
access type Open Access

The Relative Success of IFRS Adopted African Countries to Attract Foreign Investment

Published Online: 14 May 2022
Volume & Issue: Volume 67 (2022) - Issue 1 (April 2022)
Page range: 44 - 62
Journal Details
License
Format
Journal
eISSN
2065-9644
First Published
06 Mar 2016
Publication timeframe
3 times per year
Languages
English
Abstract

Within the context that the adoption of International Financial Reporting Standards (IFRS) can be linked to institutional isomorphism, the purpose of the study was to determine how successful IFRS-adopted African countries are to convert governance and economic factors into foreign direct investment (FDI) and foreign portfolio investment (FPI). Data envelopment analysis (DEA) was used to develop two models to calculate the technical efficiency (TE) for 16 African countries that adopted IFRS (2014-2019). The first model considered how multiple economic factors as input variables are converted into FDI and FPI, while similarly, the second model considered governance factors as input variables.

Keywords

JEL Classification

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