论文题目：Does International Financial Reporting Standards (IFRS) Adoption Promote International Trade? Global Accounting Harmonization
开题人：SOLOMON WISE DODZIDENU ADZA（国际硕士）
This study examines whether the adoption of International Financial Reporting Standards (IFRS) positively influence a country’s international trade. The study centers on the consequences of accounting harmonization on international trade from a macroeconomic perspective. International Financial Reporting Standards (IFRS) adoption is deemed to reduce information costs among countries and is, therefore, a key means to promote international trade. Using a sample of 2,850 country-year observations of 150 countries during the period of 1996 to 2015, I find evidence that, on average, IFRS adoption significantly leads to an increase in the volume of international trade. The results also provide evidence that IFRS adoption has a greater positive impact on developing economies relative to developed economies, indicating that developing economies benefit more from increased disclosure and enhanced information comparability. A key potential driver for IFRS adoption by countries with developing economies is the desire to receive ﬁnancial aid from the World Bank. Using two-stage instrumental variable (IV) model and explicitly taken into account financial aid, I provide strong confirmation of the baseline results. Taken together, these findings suggest that IFRS adoption significantly promotes a country’s international trade because of increased disclosure and enhanced information comparability.