Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335769 
Year of Publication: 
2022
Citation: 
[Journal:] Economic Themes [ISSN:] 2217-3668 [Volume:] 60 [Issue:] 1 [Year:] 2022 [Pages:] 41-56
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
The study examines how the strength of the application of audit and accounting standards, as a component of the institutional infrastructure, affects the greenfield FDI in the four countries of the former Socialist Federal Republic of Yugoslavia over a twelve-year period (2006-2017). Using standard panel data econometric techniques, we conclude that stronger application of audit and accounting standards has a positive impact on attracting greenfield FDI, and that the strength of the application seems to be more important in stable business conditions. Our results are relevant to policy makers, as they point to the need for constant improvement in the accounting and audit system, thus encouraging better transparency and lower transaction costs for investors.
Subjects: 
Greenfield foreign direct investments
audit and accounting standards
compliance
Western Balkan countries
JEL: 
F21
F40
М40
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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