<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no studies obtained based on transition economies in a particular geographic zone. Thus, this study is carried out to observe the influence of IFRS adoptation on the economic growth of 11 CIS countries from 2005 to 2018. To examine the actual effect of the variables, the regression model was divided into two sub-models based on the category of variables. There is a difference between the economic growth in adopted and non-adopted states. The adoption of IFRS showed negative and insignificant relation to GDP per capita. The number of observations after fully adopting IFRS was low, the data on IFRS adoption was challenging, and an advanced econometric model should be selected. The study compared CIS results with Eastern European countries to see a clear pattern and generate an efficient suggestion for policy implementation. The policy implementations related to Uzbeki-stan were also provided.</p>
</abstract>

International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no studies obtained based on transition economies in a particular geographic zone. Thus, this study is carried out to observe the influence of IFRS adoptation on the economic growth of 11 CIS countries from 2005 to 2018. To examine the actual effect of the variables, the regression model was divided into two sub-models based on the category of variables. There is a difference between the economic growth in adopted and non-adopted states. The adoption of IFRS showed negative and insignificant relation to GDP per capita. The number of observations after fully adopting IFRS was low, the data on IFRS adoption was challenging, and an advanced econometric model should be selected. The study compared CIS results with Eastern European countries to see a clear pattern and generate an efficient suggestion for policy implementation. The policy implementations related to Uzbeki-stan were also provided.

The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS

Westminster International University in Tashkent

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no...

The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS

Publié en ligne: 10 juil. 2023

Pages: 1 - 17

Reçu: 02 févr. 2023

Accepté: 30 mars 2023

DOI: https://doi.org/10.2478/fiqf-2023-0008

Mots clés
economic growth, IFRS, adoption, CISs, transition economy

© 2023 Mokhirakhon Abdullaeva et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS

Publié en ligne: 10 juil. 2023

Pages: 1 - 17

Reçu: 02 févr. 2023

Accepté: 30 mars 2023

DOI: https://doi.org/10.2478/fiqf-2023-0008

Mots cléseconomic growth, IFRS, adoption, CISs, transition economy

© 2023 Mokhirakhon Abdullaeva et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
economic growth, IFRS, adoption, CISs, transition economy