IFRS adoption and economic growth in developing economies

We examine whether the adoption of International Financial Reporting Standards (IFRS) affects economic growth in developing economies and investigate role that country-level institutional quality plays relationship. Using a panel data averaged over three non-overlapping years, from period 1996 to 2013, for 78 countries employing efficient two-step system generalised methods moment (GMM) estimation technique; we find adopt IFRS experience better than non-adopting countries. Our results also demonstrate good institutions moderate IFRS-economic nexus. Taken together, these findings suggest has important implications growth.