Effects And Implications Of Kazakhstans Adoption Of International Financial Reporting Standards

Author : Oksana Kim
Publisher : Columbia University Press
ISBN 13 : 383826987X
Total Pages : 95 pages
Book Rating : 4.70/5 ( download)

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Download or read book Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards written by Oksana Kim and published by Columbia University Press. This book was released on 2017-02-21 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: ?Despite having an underdeveloped supporting infrastructure and limited resources, Kazakhstan was the first CIS country to require international financial reporting standards in 2004 for banks, and in 2005 for all public companies. What were the economic consequences of this important reform? In the 1990s, Kazakhstan’s capital market reforms mirrored those of Russia due to the two countries’ cooperating mode driven by a high level of resource interdependence and environmental uncertainty, following the collapse of the Soviet Union. Yet, by 2003, dependence on external donors (the IMF, World Bank) took precedence over interdependence with Russia. As a result, Kazakhstan unilaterally proceeded with adoption of IFRS, while Russia backed up from this initiative. This study reports that Kazakhstan’s inflow of foreign direct investments was the greatest among the CIS nations following the adoption of IFRS. In addition, in 2005–11, Kazakhstani public firms’ reporting quality was higher than that of the Russian public firms operating in a similar environment but exempt from the IFRS reporting requirement. Kazakhstan was the first CIS nation to repay its external debt ahead of schedule and to receive an investment grade from Moody’s rating agency. The book concludes that Western-style capital market reforms—in this emerging market with a not-so-distant communist past—had significantly positive outcomes.?

Author : Oksana Kim
Publisher : Ibidem Press
ISBN 13 : 9783838210377
Total Pages : 172 pages
Book Rating : 4.79/5 ( download)

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Download or read book The Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards written by Oksana Kim and published by Ibidem Press. This book was released on 2017-07-25 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: ?Despite having an underdeveloped supporting infrastructure and limited resources, Kazakhstan was the first CIS country to require international financial reporting standards in 2004 for banks, and in 2005 for all public companies. What were the economic consequences of this important reform? In the 1990s, Kazakhstan's capital market reforms mirrored those of Russia due to the two countries' cooperating mode driven by a high level of resource interdependence and environmental uncertainty, following the collapse of the Soviet Union. Yet, by 2003, dependence on external donors (the IMF, World Bank) took precedence over interdependence with Russia. As a result, Kazakhstan unilaterally proceeded with adoption of IFRS, while Russia backed up from this initiative. This study reports that Kazakhstan's inflow of foreign direct investments was the greatest among the CIS nations following the adoption of IFRS. In addition, in 2005-11, Kazakhstani public firms' reporting quality was higher than that of the Russian public firms operating in a similar environment but exempt from the IFRS reporting requirement. Kazakhstan was the first CIS nation to repay its external debt ahead of schedule and to receive an investment grade from Moody's rating agency. The book concludes that Western-style capital market reforms--in this emerging market with a not-so-distant communist past--had significantly positive outcomes.?

Author : Haina Shi
Publisher :
ISBN 13 :
Total Pages : 203 pages
Book Rating : 4.03/5 ( download)

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Download or read book Economic and Informational Consequences of Voluntary Adoption of International Financial Reporting Standards written by Haina Shi and published by . This book was released on 2008 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.30/5 ( download)

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Download or read book The impact of mandatory adoption of international financial reporting standards on accounting quality, analysts' information environment and cost of capital in Latin America written by and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Christine Namitala
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.11/5 ( download)

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Download or read book The Adoption of International Financial Reporting Standards written by Christine Namitala and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.85/5 ( download)

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Download or read book The Status and Reporting Effects of International Financial Reporting Standards Adoption Across the Globe written by and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Vasile Rotaru
Publisher : BoD – Books on Demand
ISBN 13 : 3838211340
Total Pages : 202 pages
Book Rating : 4.43/5 ( download)

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Download or read book Russia, the EU, and the Eastern Partnership written by Vasile Rotaru and published by BoD – Books on Demand. This book was released on 2018-07-31 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even before the Ukrainian crisis, neither Russia nor the EU were content with their relationship. Despite economic interdependence, strategic partnership, official declarations of belonging culturally and historically to the same ‘European family’ and in spite of Russia’s stated interest in establishing an economic community stretching from Lisbon to Vladivostok, the two actors found it difficult to agree on important issues. The conflictual atmosphere between the EU and Russia has three main dimensions: the normative issue, energy relations, and the shared neighbourhood with the latter being particularly salient after the launch of the Eastern Partnership (EaP) in 2009. The former Soviet space is at the core of Russian foreign policy. Moscow’s special interest in this area results from economic factors, diaspora issues, and, most importantly, from its perceived security need. Obsessed by a fear of being encircled by enemies, Russia sees its hegemony over the former Soviet republics as paramount to the protection of its own borders. Therefore, the rapprochement of any other actor towards this region is regarded with high suspicion. Against this background, Vasile Rotaru analyzes EU-Russia relations with a particular emphasis on the impact of the EaP on Moscow’s relations with Brussels. He argues that the EaP represented a turning point in EU-Russia relations, determining Moscow to revise its attitude towards the Union. Rotaru explains that, even if the EaP was Brussels’ initiative, the Partnership met the aspirations of the six former Soviet republics. Moreover, despite its opposition towards the EU’s initiative, Russia itself acted involuntarily as a propeller of the EaP. By aiming to keep the former Soviet republics close, Moscow often conducts an assertive, aggressive policy in the ‘near abroad.’ This strategy, however, had mostly opposite effects, causing Russia’s neighbors to look elsewhere for support of their sovereignty. From this perspective, the rapprochement of Moldova, Belarus, Ukraine, and the three Caucasus republics with the EU has not been determined only by Brussels’ prosperity and soft-power attractiveness but also by existential fears in the former Soviet republics. The book appeals to a wide range of students, researchers, and professors specializing on Russia, the EU, and the former Soviet space in the fields of International Relations, Foreign Policy Analysis, and Security Studies as well as to think-tank analysts and policy makers.

Author : Mohammad Nurunnabi
Publisher : Emerald Group Publishing
ISBN 13 : 1801174407
Total Pages : 440 pages
Book Rating : 4.04/5 ( download)

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Download or read book International Financial Reporting Standards Implementation written by Mohammad Nurunnabi and published by Emerald Group Publishing. This book was released on 2021-08-23 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to International Accounting aims to address a vital gap in research by focusing on providing relevant and timely studies on International Financial Reporting Standards implementation for local and international policymakers.

Author : Zaharaddeen Salisu Maigoshi
Publisher :
ISBN 13 :
Total Pages : 91 pages
Book Rating : 4.78/5 ( download)

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Download or read book The Impact of Mandatory Adoption of International Financial Reporting Standard on Accounting Quality in Nigeria written by Zaharaddeen Salisu Maigoshi and published by . This book was released on 2014 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Hazhar P. Sharif
Publisher :
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.51/5 ( download)

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Download or read book Factors Affecting on the Adoption of International Financial Reporting Standards written by Hazhar P. Sharif and published by . This book was released on 2010 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: