ВЛИЯНИЕ МЕЖДУНАРОДНОЙ ФИНАНСОВОЙ ОТЧЕТНОСТИ НА ЭФФЕКТИВНОСТЬ ИНВЕСТИЦИЙ ФИРМ НА ОСНОВЕ ДАННЫХ ОБ ИНОСТРАННЫХ ИНВЕСТИЦИЯХ ЧАСТНЫХ И ПУБЛИЧНЫХ КОМПАНИЙ ЕВРОПЫ

The article examines the impact of the adoption of International Financial Reporting Standards (IFRS) on the efficiency of investments by European public and private companies. The analysis performed shows that the adoption of IFRS improves the efficiency of investments of public companies, which is consistent with both lines of research. Private enterprises operating under IFRS show a higher level of underinvestment than public firms using national accounting standards (NAS).