The Experts below are selected from a list of 262368 Experts worldwide ranked by ideXlab platform
Wendy Schultz - One of the best experts on this subject based on the ideXlab platform.
-
do accounting and audit quality affect world bank lending
The Accounting Review, 2015Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:ABSTRACT: We investigate the role of accounting and audit quality in the allocation of international Development Aid loans provided by the World Bank. This Aid is crucial to improve governance func...
-
do accounting and audit quality affect world bank lending
Social Science Research Network, 2014Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:We investigate the role of accounting and audit quality in the allocation of international Development Aid loans provided by the World Bank. This Aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can provide the World Bank with confidence that Aid is being used as intended rather than being diverted for personal or political gain. We find that Development Aid loans are higher for countries with stronger accounting quality, where IFRS use is mandated, and where the audit environment is stronger. However, we also find that United States geo-political interests influence these results. Specifically, it seems as though the World Bank “overlooks” accounting and audit quality in countries where geo-political interests are relatively aligned with those of the U.S. Finally, we find that accounting and auditing matter only in countries with relatively high corruption levels, indicating that the World Bank trusts, to some extent, that accounting and auditing are of relatively high quality in low corruption countries.
-
the impact of accounting and audit quality on world bank lending decisions
Social Science Research Network, 2012Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:We investigate the role of accounting and audit quality differences across countries in the allocation of international Development Aid. Such Aid is crucial to developing countries and enables them to improve governance functions, infrastructure, and create more efficient business and capital markets. The accounting and audit environment in a country is a major characteristic that, if relatively strong, can provide donors with some confidence that Development Aid is being used for its intended purpose rather than being subverted for personal or political gain. We find that Development loan Aid (as a percentage of a country's GDP) is higher in countries with higher accounting quality. We also find that this relationship exists both before and after a country adopts International Financial Reporting Standards, but less so in the post-IFRS adoption period. Further, we find that loan Aid is higher in countries where the audit environment provides a foundation for higher-quality auditing, both in countries that use IFRS as well as countries that use their own domestic accounting standards. Finally, we find that grant Aid that does not require repayment by the recipient is not associated with accounting or audit quality. In these cases, the possibility that higher accounting and audit quality is able to prevent the diversion of Aid away from its intended targets is overwhelmed by the importance of providing support that is often targeted directly towards saving lives.
Phillip T Lamoreaux - One of the best experts on this subject based on the ideXlab platform.
-
do accounting and audit quality affect world bank lending
The Accounting Review, 2015Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:ABSTRACT: We investigate the role of accounting and audit quality in the allocation of international Development Aid loans provided by the World Bank. This Aid is crucial to improve governance func...
-
do accounting and audit quality affect world bank lending
Social Science Research Network, 2014Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:We investigate the role of accounting and audit quality in the allocation of international Development Aid loans provided by the World Bank. This Aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can provide the World Bank with confidence that Aid is being used as intended rather than being diverted for personal or political gain. We find that Development Aid loans are higher for countries with stronger accounting quality, where IFRS use is mandated, and where the audit environment is stronger. However, we also find that United States geo-political interests influence these results. Specifically, it seems as though the World Bank “overlooks” accounting and audit quality in countries where geo-political interests are relatively aligned with those of the U.S. Finally, we find that accounting and auditing matter only in countries with relatively high corruption levels, indicating that the World Bank trusts, to some extent, that accounting and auditing are of relatively high quality in low corruption countries.
-
the impact of accounting and audit quality on world bank lending decisions
Social Science Research Network, 2012Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:We investigate the role of accounting and audit quality differences across countries in the allocation of international Development Aid. Such Aid is crucial to developing countries and enables them to improve governance functions, infrastructure, and create more efficient business and capital markets. The accounting and audit environment in a country is a major characteristic that, if relatively strong, can provide donors with some confidence that Development Aid is being used for its intended purpose rather than being subverted for personal or political gain. We find that Development loan Aid (as a percentage of a country's GDP) is higher in countries with higher accounting quality. We also find that this relationship exists both before and after a country adopts International Financial Reporting Standards, but less so in the post-IFRS adoption period. Further, we find that loan Aid is higher in countries where the audit environment provides a foundation for higher-quality auditing, both in countries that use IFRS as well as countries that use their own domestic accounting standards. Finally, we find that grant Aid that does not require repayment by the recipient is not associated with accounting or audit quality. In these cases, the possibility that higher accounting and audit quality is able to prevent the diversion of Aid away from its intended targets is overwhelmed by the importance of providing support that is often targeted directly towards saving lives.
Paul N Michas - One of the best experts on this subject based on the ideXlab platform.
-
do accounting and audit quality affect world bank lending
The Accounting Review, 2015Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:ABSTRACT: We investigate the role of accounting and audit quality in the allocation of international Development Aid loans provided by the World Bank. This Aid is crucial to improve governance func...
-
do accounting and audit quality affect world bank lending
Social Science Research Network, 2014Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:We investigate the role of accounting and audit quality in the allocation of international Development Aid loans provided by the World Bank. This Aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can provide the World Bank with confidence that Aid is being used as intended rather than being diverted for personal or political gain. We find that Development Aid loans are higher for countries with stronger accounting quality, where IFRS use is mandated, and where the audit environment is stronger. However, we also find that United States geo-political interests influence these results. Specifically, it seems as though the World Bank “overlooks” accounting and audit quality in countries where geo-political interests are relatively aligned with those of the U.S. Finally, we find that accounting and auditing matter only in countries with relatively high corruption levels, indicating that the World Bank trusts, to some extent, that accounting and auditing are of relatively high quality in low corruption countries.
-
the impact of accounting and audit quality on world bank lending decisions
Social Science Research Network, 2012Co-Authors: Phillip T Lamoreaux, Paul N Michas, Wendy SchultzAbstract:We investigate the role of accounting and audit quality differences across countries in the allocation of international Development Aid. Such Aid is crucial to developing countries and enables them to improve governance functions, infrastructure, and create more efficient business and capital markets. The accounting and audit environment in a country is a major characteristic that, if relatively strong, can provide donors with some confidence that Development Aid is being used for its intended purpose rather than being subverted for personal or political gain. We find that Development loan Aid (as a percentage of a country's GDP) is higher in countries with higher accounting quality. We also find that this relationship exists both before and after a country adopts International Financial Reporting Standards, but less so in the post-IFRS adoption period. Further, we find that loan Aid is higher in countries where the audit environment provides a foundation for higher-quality auditing, both in countries that use IFRS as well as countries that use their own domestic accounting standards. Finally, we find that grant Aid that does not require repayment by the recipient is not associated with accounting or audit quality. In these cases, the possibility that higher accounting and audit quality is able to prevent the diversion of Aid away from its intended targets is overwhelmed by the importance of providing support that is often targeted directly towards saving lives.
Camelia Minoiu - One of the best experts on this subject based on the ideXlab platform.
-
business cycle fluctuations large macroeconomic shocks and Development Aid
World Development, 2015Co-Authors: Era Dablanorris, Camelia Minoiu, Luisfelipe ZannaAbstract:We examine the cyclical properties of Development Aid using bilateral data for 22 donors and 113 recipients during 1970–2005. We find that bilateral Aid flows are on average procyclical with respect to the business cycle in both donor and recipient countries. While Aid outlays contract sharply during severe downturns in donor countries, they rise steeply when Aid-receiving countries experience large adverse shocks. Our findings suggest that Development Aid may play an important cushioning role in developing countries, but only during times of severe macroeconomic stress. Our results are robust to alternate definitions of Aid flows, specifications, and estimation techniques.
-
Development Aid and economic growth a positive long run relation
The Quarterly Review of Economics and Finance, 2010Co-Authors: Camelia Minoiu, Sanjay G ReddyAbstract:We analyze the growth impact of official Development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of Aid: Developmental and non-Developmental. Second, our specifications allow for the effect of Aid on economic growth to occur over long periods. Our results indicate that Developmental Aid promotes long-run growth. The effect is significant, large and robust to different specifications and estimation techniques.
-
Development Aid and economic growth a positive long run relation
The Quarterly Review of Economics and Finance, 2010Co-Authors: Camelia Minoiu, Sanjay G ReddyAbstract:a b s t r a c t We analyze the growth impact of official Development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of Aid: Developmental and non-Developmental. Second, our specifications allow for the effect of Aid on economic growth to occur over long periods. Our results indicate that Developmental Aid promotes long-
-
Development Aid and economic growth a positive long run relation
Research Papers in Economics, 2006Co-Authors: Sanjay G Reddy, Camelia MinoiuAbstract:We analyze the growth impact of official Development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two components of Aid: a Developmental, growth-enhancing component, and a geopolitical, possibly growth-depressing component. Second, our specifications allow for the effect of Aid on economic growth to occur over long time-lags. Our results indicate that Developmental Aid promotes long-run growth. The effect is large and robustly significant, and withstands an array of robustness checks including alternative specifications, choices of the proxy for Development Aid, and treatments of outliers.
Michael C Moltz - One of the best experts on this subject based on the ideXlab platform.
-
immigrant citizens and racial resentment in international policy perspective the role of nativity and racial resentment in shaping support for us foreign assistance expenditure 2002 2016
Development, 2019Co-Authors: Christopher A Simon, Michael C MoltzAbstract:While there is a well-developed literature on public opinion and foreign Aid policy, studies have only recently explored the role of survey respondent nativity and have yet to explore the role of racial resentment. In a repeated cross-sectional data analysis (2002–2016), the article exposes that non-native born respondents see more benefit to increased foreign Aid than do comparably situated native born citizens. Racial resentment appears to be linked to a lack of generosity towards individuals in need of Development Aid.