國際財務報告準則對轉型經(jīng)濟國家FDI經(jīng)濟后果研究.pdf

1、指 導 小組 成 員名 單丁 純 教 授孫 琳 副 教 授徐筱 鳳 副 教 授A b s tra c tF o r e i g n D i r ect I nve stm e ntha s be en r e ce i vi ng m uch at te nt i o n due t o i ts be nefi ci a li m pacton ho stcou ntr y' s eco no m i c g r ow th

2、,e speci a l l y fo rem e r gi ng eco no m i es.E xt a ntl i te ra tu r e h a s stu d i e d m o ti v e s o f i n v e stm e n t b e h a v i o r o f M u l ti n a ti o n a l s a n d w h a tco nd i ti ons sho u l d e nt

3、a i lforho stco u ntri e s to at tr a ctm o re f o r e i gn d i r e cti nve st m e nt s.B e si d e s tra d i ti o n a ld e te rm i n a n ts o f F D I s ,i n sti tu ti o n a ld e te rm i n a nts ha v e b e e ni ncr ea

4、si ng l y focuse d o n i n r e ce ntye a r s .A s a n i m po r t a ntco m po ne ntof i n sti tuti o nali nfr astructur e ,acco unti ng st a nda rd s i nho stcountri e s have the i r eco no m i c co nse q ue nces .I

5、ti s w i de l y acce pt ed thathi g h q ua l i t yfi na nci ali nfo rm ati o n co ul d aff ectfo r e i g n i nvest o r s'i nvestm e ntdeci si o ns po si ti ve l y .A ndh i g h q ual i t y fi na nci a lr e po r ti n

6、g st a nda rds ， e . g .I F R S ,a r e co nd uci ve t o co nveyi ng fi na nci a li nfo rm at i o n r e l i a bl y t o f o re i g n i n ve st o r s ,t hu s pro m o t i ng i nve stm e nt s .H o w e ve r,w e l l -shaped r

7、 e po r ti ng i nce nti ve s of m a nage m e nta nd stri cte nfo r ce m e ntof thosesta nda r ds are a l so vi t a lt o the pro d ucti o n of hi g h q ual i t y fi na nci ali nfo rm ati o n.T hi s pa per f ocuses

8、o n m acro e co no m i c conse q ue nces of I nt e rnati o na lF i na nci a lR e po r t i ng S ta nda r d s,na m e l y I F R S .A ft e rco ntr o l l i ng trad i ti o na ldet e rm i na nts of F D I s ^ uc ha s m a rke

9、tsi ze ,m a cr oeco no m i c sta bi l i t y ,Istud i e d how a do pti o n o rco nve r g e nce of I F R S ,tra nsi ti on pe r f orm a nce ,i n st i tuti o n a le nvi r o n m enta n d the i ri nte racti o n s aff e ctF D

10、 Ii nfl ow s .A nd i ti s e m pi ri ca l l y show n thatco m b i ne d w i th bet te rtr a nsi ti o n pe r f o rm a nce andi nsti tut i o na le nvi r o nm ent,ado pti o n o rco nve r ge nce of I F R S ha s posi ti ve a n

11、d si g n i fi ca nti m pa cton F D Ii nfl ow s .B utw he n Isp l i tth e w hol e p oo lof tr a nsi ti on e co no m i e s i nto C I S a n dC E E C ， r e sul t s tu rn o utd i ff e re ntl y .F o rC I S co untri e s ,

12、tr ad i ti o na ld et e rm i n a nt s l i ke m a rke tsi ze and abunda nce ofnatura lr e sources do m i nate w hi l e ado pti on of I F R S and othe ri nst i tuti onalfact o r s p l ay no si g n i fi ca nt r o l e .F

13、 o rC E E C tr a nsi ti o n eco no m i es ,i n a d d i ti o n totra d i ti o na ldet e r m i na nt s ,a do pti o n o rco nve rg e nce ofI F R S pe rse doe sn ' thave asi g ni fi ca nti m pacto n F D Ii nfl o w s.B

14、 uti t s i nt e r acti o ns w i th g ove r nm e nte ff ecti ve ne ss a ndru l e of l aw have a l so i m pa ctF D Ii nfl ow s,i ti s co ncl ude d i n th i s pape rtha tI F R S p er se m ayno tbe abl e to pr o m

15、ot e F D Ii nfl ow s .I t s m acro eco no m i c co nseq ue nce s a r e show n o nce i ti s co m bi ned w i th so und i nsti tuti o ns a n d dee pe ni ng tr a nsi ti o n i n tr a nsi ti o n econo m i e s.K eyw o r ds:Fo