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Uchenna, Efobi
Nnadi, Matthias
Year of Publication: 
Series/Report no.: 
AGDI Working Paper WP/15/014
This paper constructs a theoretical model to explain the relationship between IFRS adoption, FDI and foreign aid. Using the SGMM estimation technique to check the issue of endogene-ity and reverse causality, this relationship was examined on 92 countries for the period 2003-2012. Overall, IFRS adoption attracts more aid when conditioned on foreign aid; however, when disaggregating foreign aid, the effect of foreign aid on the nexus was contradictory, while multilateral aid flow was positive. This result remained consistent despite the battery of checks.
Accounting Standards
Foreign Aid
Foreign Direct Investment
IFRS Adoption
Document Type: 
Working Paper

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