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The Effects of International Accounting Standardization on Business Performance: Evidence from Hungary

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Author(s): Gyorgy Csebfalvi

Journal: International Journal of Business and Management
ISSN 1833-3850

Volume: 7;
Issue: 9;
Date: 2012;
Original page

ABSTRACT
The purpose of this study was to measure the differences between national rules and the international standards,evaluating and analyzing their effects on the shifting business environment. The unified business informationsystem will lead to new types of analysis and data, furthermore with the possible integration of new indicatorsfrom the business environment of certain countries. The results show that those businesses which have adoptedinternational standards achieved higher and statistically significant positive coefficients than those followinglocal accounting rules. Companies which had adopted accounting standards also provided higher quality andvalue relevant accounting information systems. As a further consequence of international accounting standardsadoption, corporate policy and requirements became gradually more clear and transparent – in the same way asthe application and implementation of the standards became more user-friendly.
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