1. bookTom 60 (2022): Zeszyt 1 (March 2022)
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
2217-3668
Pierwsze wydanie
15 Apr 2014
Częstotliwość wydawania
4 razy w roku
Języki
Angielski
Otwarty dostęp

Do Audit and Accounting Practices Matter for Greenfield FDI Inflows?

Data publikacji: 05 Aug 2022
Tom & Zeszyt: Tom 60 (2022) - Zeszyt 1 (March 2022)
Zakres stron: 41 - 56
Otrzymano: 28 Dec 2021
Przyjęty: 24 Feb 2022
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
2217-3668
Pierwsze wydanie
15 Apr 2014
Częstotliwość wydawania
4 razy w roku
Języki
Angielski
Abstract

The study examines how the strength of the application of audit and accounting standards, as a component of the institutional infrastructure, affects the greenfield FDI in the four countries of the former Socialist Federal Republic of Yugoslavia over a twelve-year period (2006-2017). Using standard panel data econometric techniques, we conclude that stronger application of audit and accounting standards has a positive impact on attracting greenfield FDI, and that the strength of the application seems to be more important in stable business conditions. Our results are relevant to policy makers, as they point to the need for constant improvement in the accounting and audit system, thus encouraging better transparency and lower transaction costs for investors.

Keywords

JEL Classification

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