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Volume 5 Number 1 January 2019

The Association: Early Adoption of IFRS and Value Relevance of Accounting Information


Authors: Faouzi Jilani ; Basma Ben Néfissa
Pages: 9-15
DOI: doi.org/10.32861/ijefr.51.9.15
Abstract
The objective of this article is to analyze the  impact of the early  adoption of IFRS  on the value relevance of accounting information among the CAC 40 listed companies.In our study  we adopted the  Ohlson (1995) models  in order to study  the value relevance  of accounting information.  Our data was collected manually .The period 2002-2004  was used as the pre anticipation of the IFRS and  the  period 2004-2006 was used  as the post anticipation of the IFRS .The problem therefore of our research is the following is: What is the effect of the early adoption of IFRS on the quality of the accounting information?In the study, our estimates focused on two panels: panel A and panel B. After analyzing the various estimates we found that the early adoption of  IFRS has enabled companies in panel A, companies which adopted IFRS in an anticipated manner, to provide investors with accounting information with greater  value relevance compared to the companies of panel B.Thanks  to this study  we can confirm that the early adoption  of IFRS significantly enhanced  the  quality  of accounting information  for panel A.



Elections, Foreign Direct Investment, and Economic Growth in Ghana’s Fourth Republic: 1993 to 2016


Authors: Ms. Rebecca Larry ; Dr. Ishmael K. Hlovor
Pages: 1-8
DOI: doi.org/10.32861/ijefr.51.1.8
Abstract
Foreign Direct Investment (FDI) has been seen as an important factor influencing economic growth directly and indirectly in both developed and developing countries. This study assesses the impact of FDI on growth in Ghana since the return to constitutional rule in 1993. The study uses time series data from 1993 to 2016. Using the Autoregressive Distributed Lagged model (ARDL), the study finds a positive impact of FDI on growth both in the short-run and long-run. However, there is a lag period of two. The study equally finds that Gross Saving has a positive impact on growth. On the other hand inflation has a negative effect on growth both in the short and long run. The study also discovered that FDI granger causes growth but GDP does not granger cause FDI. Post-election years with incidence of political uncertainty slow down FDI inflow into Ghana. The study recommends the adoption of stringent fiscal and monetary policies to keep inflation low. It also recommends maintaining and improving the liberal market environment to attract investors, policies to encourage saving, and improving on political transitions to avoid uncertainties for investors.