The Effects of IFRS Adoption on Economic Growth: a cross-country study

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorStepanov, Roman
dc.contributor.authorWeckman, Konsta
dc.contributor.departmentMikkelin kampusfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2023-05-21T16:03:37Z
dc.date.available2023-05-21T16:03:37Z
dc.date.issued2023
dc.description.abstractObjectives The main objective of this study was to conduct an examination of the actual advantages that accrue from the adoption of International Financial Reporting Standards (IFRS) on a national level. Summary The International Financial Reporting Standards (IFRS) have been widely adopted since the early 2000s, and numerous studies have investigated their benefits at the firm level. However, little attention has been paid to whether these benefits actually lead to economic growth in the long-term. This study aims to address this gap by examining the effects of IFRS adoption on a country-level economic scale, using GDP growth as proxy for economic growth. By doing so, this study aims to provide a more comprehensive understanding of the effects of IFRS adoption beyond the firm level, contributing to existing literature on the topic and informing policymakers, regulators, and other stakeholders involved in financial reporting standards. Conclusions The study finds no evidence supporting IFRS adoption boosting the economic growth of nations, other than for developing countries. This poses the question if IFRS adoption is as beneficial as often theorized.en
dc.format.extent46+8
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/120862
dc.identifier.urnURN:NBN:fi:aalto-202305213198
dc.language.isoenen
dc.programme(Mikkeli) Bachelor’s Program in International Businessen
dc.subject.keywordfinancial statementsen
dc.subject.keywordaccountingen
dc.subject.keywordaccounting standardsen
dc.subject.keywordagency theoryen
dc.subject.keywordeconomic growthen
dc.titleThe Effects of IFRS Adoption on Economic Growth: a cross-country studyen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
Files
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
bachelor_Weckman_Konsta_2023.pdf
Size:
1.26 MB
Format:
Adobe Portable Document Format