Abstract

The goal of this study is to describe and summarize how the accounting standards can promote managerial
decisions and influence business environment. The unified, standardized accounting information system will
lead to new types of analysis and data, furthermore with the possible integration of new indicators from the
business management of certain countries. The results of applied regression model support that the greater
demand for more informative and conservative accounting earnings due to performance evaluations at more
widely held by businesses stimulating to adopt international accounting standards. Businesses with lower labour
productivity compared to their industry peers have greater incentives to follow accounting standardization.

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