Opportunities and Risks for Uzbek Enterprises Transitioning to IFRS
Abstract
This study analyzes the main aspects including compliance, financial transparency, training costs, foreign investment inflow, and earnings volatility of IFRS adoption in Uzbek enterprises, exploring the outcome at hand. Adopting IFRS: The positive impact of increasing transparency and investor confidence is countered by a financial cost and increased volatility in earnings, as revealed through an econometric regression model. The results show both opportunity and risk, indicating the need for policies that help smooth the transition. It finds empirical use for policymakers and business leaders to help optimize IFRS implementation to push even further corporate governance and economic integration.
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