Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/5341
Title: Additional Evidence on Foreign Direct Investment, International Accounting Standards and Governance Interactions
Contributor(s): Yarram, Subba Reddy  (author); Farooque, Omar  (author)orcid 
Publication Date: 2009
Handle Link: https://hdl.handle.net/1959.11/5341
Abstract: We investigate the interactions between foreign direct investment, international accounting standards, ownership diffusion and country-level individual governance indicators for a sample of 173 countries. We find a positive and significant interrelation between most of the individual governance indicators and lagged FDI inflows even after controlling for time and region effects. These results are consistent with the hypothesis that governance is a function of FDI inflows and vice-versa. We also find a significant positive impact of international accounting standards on individual governance indicators though their effect is yet to be felt on FDI inflows. Similarly we find that legal origin has no significant influence on FDI inflows though it has significant influence on some individual governance indicators. The study also finds that ownership diffusion has significant positive influence on individual governance indicators. The overall interpretation of the results is that FDI inflows, international accounting standards, ownership diffusion and legal framework of a country 'matter' for governance in a competitive global business environment while FDI inflows are dependent on individual governance indicators to a large extent.
Publication Type: Conference Publication
Conference Details: 1st International Symposium on Corporate Governance in Privately Owned Firms, Sydney, Australia, 5th - 7th April, 2009
Source of Publication: Symposium Proceedings of the 1st International Symposium on Corporate Governance in Privately Owned Firms, p. 1-35
Publisher: University of New England
Place of Publication: Armidale, Australia
Fields of Research (FoR) 2008: 150103 Financial Accounting
Socio-Economic Objective (SEO) 2008: 900199 Financial Services not elsewhere classified
Peer Reviewed: Yes
HERDC Category Description: E1 Refereed Scholarly Conference Publication
Publisher/associated links: http://www.une.edu.au/bepp/
Appears in Collections:Conference Publication
UNE Business School

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