The importance of adopting IFRS in emerging financial markets
Other Title(s)
أهمية تبني IFRS في الأسواق المالية الناشئة
Joint Authors
Shabani, Majid
Bekkaye, Ahmad
Saidani, Muhammad Sayyid
Source
Revue Scientifique Avenir Économique
Issue
Vol. 2018, Issue 6 (31 Dec. 2018), pp.275-290, 16 p.
Publisher
Publication Date
2018-12-31
Country of Publication
Algeria
No. of Pages
16
Main Subjects
Financial and Accounting Sciences
Abstract EN
Purpose : the study aimed at revealing the nature of the relationship between the efficiency of Arab financial markets and the quality of Arab financial reporting environment after adoption IFRS during the period 2009 - 2018.
Approach : for study this relationship, the paper uses panel cointegration with a corresponding vector error correction model (VECM) to investigate in four main areas: financial market development DFS, ease of access to loans EAL, financing through local equity market FTLEM, venture capital availability VCA, by using the eviews.7 program to study three main models: pooled regression model, fixed effect model, random effect model.
Findings : the results showed a long run relationship between the quality of the Arab financial reporting environment and the efficiency of the Arab financial markets in all indicators and same period.
Originality : this is the first study that we are aware of to directly examine this relation in Arab financial markets, thus, this paper provides new empirical evidence in Arab economies for increase resource allocation efficiency.
our results are also particularly relevant for policy decisions in light of the increased interest by domestic and international investors on Arab region.
American Psychological Association (APA)
Shabani, Majid& Saidani, Muhammad Sayyid& Bekkaye, Ahmad. 2018. The importance of adopting IFRS in emerging financial markets. Revue Scientifique Avenir Économique،Vol. 2018, no. 6, pp.275-290.
https://search.emarefa.net/detail/BIM-907473
Modern Language Association (MLA)
Shabani, Majid…[et al.]. The importance of adopting IFRS in emerging financial markets. Revue Scientifique Avenir Économique No. 6 (2018), pp.275-290.
https://search.emarefa.net/detail/BIM-907473
American Medical Association (AMA)
Shabani, Majid& Saidani, Muhammad Sayyid& Bekkaye, Ahmad. The importance of adopting IFRS in emerging financial markets. Revue Scientifique Avenir Économique. 2018. Vol. 2018, no. 6, pp.275-290.
https://search.emarefa.net/detail/BIM-907473
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 290
Record ID
BIM-907473