{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,11,2]],"date-time":"2025-11-02T10:39:22Z","timestamp":1762079962367,"version":"build-2065373602"},"reference-count":94,"publisher":"MDPI AG","issue":"12","license":[{"start":{"date-parts":[[2022,12,14]],"date-time":"2022-12-14T00:00:00Z","timestamp":1670976000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100001871","name":"FCT- Funda\u00e7\u00e3o para a Ciencia e Tecnologia (Portugal)","doi-asserted-by":"publisher","award":["UIDB\/04521\/2020","UIDB\/00315\/2020"],"award-info":[{"award-number":["UIDB\/04521\/2020","UIDB\/00315\/2020"]}],"id":[{"id":"10.13039\/501100001871","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JRFM"],"abstract":"<jats:p>Based on the ten areas that are measured by the ease of doing business (EDB) and based on the getting credit (GC) indicator, this study seeks to analyze factors that lead to a more favorable business climate in different countries. The methodology of fuzzy-set qualitative comparative analysis (fsQCA) was used to determine the paths taken by configurations or conditions in which variables affect an outcome. The results showed that high EDB and GC scores may be obtained under specified levels of IFRS (International Financial Reporting Standards) adoption degree and user experience requirements. Therefore, the adoption of IFRS could result in a better business climate in a nation since it would increase the comparability of financial statements, which will lower costs for investors, draw in foreign investors, and boost trust. Finally, the findings indicated that, depending on the presence of specific levels of GDP per capita, entrepreneurship, income group, and foreign direct investment (FDI) inflows, low or high values of IFRS adoption and high experience in applying IFRS are necessary to achieve high GC scores.<\/jats:p>","DOI":"10.3390\/jrfm15120604","type":"journal-article","created":{"date-parts":[[2022,12,14]],"date-time":"2022-12-14T05:59:40Z","timestamp":1670997580000},"page":"604","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":3,"title":["The Effect of IFRS Adoption on the Business Climate: A Country Perspective"],"prefix":"10.3390","volume":"15","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-1302-1882","authenticated-orcid":false,"given":"Daniela","family":"Penela","sequence":"first","affiliation":[{"name":"Academia Militar, CINAMIL, 2720-113 Amadora, Portugal"},{"name":"ISEG\u2014Lisbon School of Economics & Management, Universidade de Lisboa, 1200-781 Lisbon, Portugal"},{"name":"Business Research Unit (BRU-IUL), Instituto Universit\u00e1rio de Lisboa (ISCTE-IUL), 1649-026 Lisboa, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-5938-434X","authenticated-orcid":false,"given":"Jo\u00e3o","family":"Estev\u00e3o","sequence":"additional","affiliation":[{"name":"ISEG\u2014Lisbon School of Economics & Management, Universidade de Lisboa, 1200-781 Lisbon, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-7251-6418","authenticated-orcid":false,"given":"Ana Isabel","family":"Morais","sequence":"additional","affiliation":[{"name":"ISEG\u2014Lisbon School of Economics & Management, Universidade de Lisboa, 1200-781 Lisbon, Portugal"}]}],"member":"1968","published-online":{"date-parts":[[2022,12,14]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"238","DOI":"10.1080\/01559982.2020.1766755","article-title":"IFRS adoption and firm value: African evidence","volume":"44","author":"Machokoto","year":"2020","journal-title":"Accounting Forum"},{"key":"ref_2","doi-asserted-by":"crossref","first-page":"173","DOI":"10.1016\/j.intacc.2013.04.002","article-title":"A Meta-analysis of IFRS adoption effects","volume":"48","author":"Ahmed","year":"2013","journal-title":"International Journal of Accounting"},{"key":"ref_3","doi-asserted-by":"crossref","first-page":"60","DOI":"10.1108\/JAAR-02-2018-0025","article-title":"How IFRS influence the relationship between the types of FDI and economic growth: An empirical analysis on African countries","volume":"21","author":"Akisik","year":"2019","journal-title":"Journal of Applied Accounting Research"},{"key":"ref_4","doi-asserted-by":"crossref","first-page":"348","DOI":"10.1016\/j.intacc.2014.07.003","article-title":"Early adoption of IFRS as a strategic response to transnational and local influences","volume":"49","author":"Alon","year":"2014","journal-title":"International Journal of Accounting"},{"key":"ref_5","doi-asserted-by":"crossref","first-page":"279","DOI":"10.1016\/j.bir.2020.04.002","article-title":"Frontier economies and economic growth: Evidence from European and Central Asian Countries","volume":"20","author":"Bajra","year":"2020","journal-title":"Borsa Istanbul Review"},{"key":"ref_6","doi-asserted-by":"crossref","first-page":"5","DOI":"10.1080\/00014788.2006.9730040","article-title":"International financial reporting standards (IFRS): Pros and cons for investors","volume":"36","author":"Ball","year":"2006","journal-title":"Accounting and Business Research"},{"key":"ref_7","doi-asserted-by":"crossref","first-page":"467","DOI":"10.1111\/j.1475-679X.2008.00287.x","article-title":"International accounting standards and accounting quality","volume":"46","author":"Barth","year":"2008","journal-title":"Journal of Accounting Research"},{"key":"ref_8","doi-asserted-by":"crossref","first-page":"12","DOI":"10.1016\/j.aos.2016.04.002","article-title":"Management control effectiveness and strategy: An empirical analysis of packages and systems","volume":"51","author":"Bedford","year":"2016","journal-title":"Accounting, Organizations and Society"},{"key":"ref_9","doi-asserted-by":"crossref","first-page":"99","DOI":"10.1257\/jep.29.3.99","article-title":"Law, regulation, and the business climate: The nature and influence of the World Bank Doing Business project","volume":"29","author":"Besley","year":"2015","journal-title":"Journal of Economic Perspectives"},{"key":"ref_10","doi-asserted-by":"crossref","first-page":"2050005","DOI":"10.1142\/S1094406020500055","article-title":"Why do African countries adopt IFRS? 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