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）
专业：会计学
导师：李茂良助理教授
时间：2017年10月30日下午15:00
地点：嘉庚2 513
论文摘要：
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.