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Abstract
The goal of this study is to describe and summarize how the accounting standards can promote
business decisions and influence economic 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.