EFFECT OF MANDATORY IFRS ADOPTION ON EQUITY GROWTH OF UZBEK PUBLIC INTEREST ENTITIES (PIEs)
DOI:
https://doi.org/10.5281/zenodo.22643282Abstract
This study examines the effect of mandatory International Financial Reporting Standards (IFRS)
adoption on equity growth in Uzbek public interest entities. Using financial data for 12 listed companies over
the period 2017–2024, the analysis compares the pre-IFRS period (2017–2020) with the post-IFRS period
(2021–2024). The results show a statistically significant decline in reported annual equity growth following
IFRS adoption. However, this decline does not necessarily indicate weaker financial performance; rather, it may
reflect more rigorous recognition, measurement, and disclosure requirements under IFRS. Panel regression
results also indicate that profitability remains a significant positive determinant of equity growth, while firm size
is not statistically significant. Overall, the findings suggest that mandatory IFRS adoption has contributed to
greater transparency, comparability, and reliability of financial reporting in Uzbekistan
Keywords
Mandatory IFRS Adoption, Equity Growth, Public Interest Entities (PIEs), Financial Reporting Transparency, Reporting Comparability, Capital FormationReferences
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