International financial reporting standards and foreign ownership in South African companies

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Title: International financial reporting standards and foreign ownership in South African companies
Description: Previous literature suggests that the adoption of International Financial
Reporting Standards (IFRS) can facilitate cross-border capital flows, as it
results in an increase in market liquidity and comparability benefits. Using
foreign ownership levels in South African listed companies during the
period 2003 to 2007, we test whether this association holds in a South
African context when the top 40 South African companies mandatorily
adopted IFRS. The results indicate that the adoption of IFRS did not have
a significant positive association with foreign ownership levels during
the sample period. We attribute the result to the harmonisation project
undertaken in South Africa to align local accounting standards (SAGAAP)
with the IFRS before the mandatory adoption thereof.; http://www.unisa.ac.za/default.asp?Cmd=ViewContent&ContentID=22335; am2015
Creator: Sherman, T.; De Klerk, Marna
Subject: Foreign investment; Cross-border investment; IFRS Adoption benefits; Mandatory adoption; International Financial Reporting Standards (IFRS); SDG-08: Decent work and economic growth; Economic and management sciences articles SDG-08
Publisher: Unisa Press
Date: 2015-08-28T06:07:06Z; 2015-08-28T06:07:06Z; 2015
Type: Article
Format: application/pdf
Identifier: Sherman, T & De Klerk, M 2015, 'International financial reporting standards and foreign ownership in South African companies', Southern African Business Review, vol. 19, no. 1, pp, 72-88.; 1561-896X; 1998-8125 (online); http://hdl.handle.net/2263/49620
Language: en

Item sets: Accounting