Do Accounting and Audit Quality Affect World Bank Lending?

The Impact of Accounting and Audit Quality on World Bank Lending Decisions

SSRN Electronic Journal ◽

10.2139/ssrn.2200958 ◽

2012 ◽

Author(s):

Phillip T. Lamoreaux ◽

Paul N. Michas ◽

Wendy Schultz

Keyword(s):

World Bank ◽

Audit Quality ◽

Bank Lending ◽

Lending Decisions ◽

The Impact

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Do Accounting and Audit Quality Affect World Bank Lending?

The Accounting Review ◽

10.2308/accr-50865 ◽

2014 ◽

Vol 90 (2) ◽

pp. 703-738 ◽

Cited By ~ 16

Author(s):

Phillip T. Lamoreaux ◽

Paul N. Michas ◽

Wendy L. Schultz

Keyword(s):

International Development ◽

World Bank ◽

Audit Quality ◽

Bank Lending ◽

Development Aid ◽

Data Availability ◽

Accounting Quality ◽

The World Bank ◽

Political Interests ◽

The World

ABSTRACT We investigate the role of accounting and audit quality in the allocation of international development aid loans provided by the World Bank. This aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can provide the World Bank with confidence that aid is being used as intended rather than being diverted for personal or political gain. We find that development aid loans are higher for countries with stronger accounting quality, where IFRS use is mandated, and where the audit environment is stronger. However, we also find that United States geo-political interests influence these results. Specifically, the World Bank appears to “overlook” accounting and audit quality in countries where geo-political interests are relatively aligned with those of the U.S. Finally, we find that accounting and auditing matter only in countries with relatively high corruption levels, indicating that the World Bank has greater trust that accounting and auditing are of relatively high quality in low-corruption countries. Data Availability: All data are publicly available.

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World Bank Lending for Small Enterprises, 1989-1993

10.1596/0-8213-3518-9 ◽

1996 ◽

Cited By ~ 4

Author(s):

Leila M. Webster ◽

Randall Riopelle ◽

Anne-Marie Chidzero

Keyword(s):

World Bank ◽

Bank Lending ◽

Small Enterprises

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Foreign Lending Dilemma and Poverty in Pakistan, India and Bhutan: A Panel Data Analysis

Review of Economics and Development Studies ◽

10.26710/reads.v3i1.39 ◽

2017 ◽

Vol 3 (1) ◽

pp. 39-46

Author(s):

Mariam Abbas Soharwardi ◽

Hina Ali ◽

Mujahid Ali

Keyword(s):

Developing Countries ◽

World Bank ◽

Structural Adjustment ◽

Poverty Reduction ◽

Panel Data Analysis ◽

Bank Lending ◽

Structural Adjustment Programs ◽

Foreign Lending ◽

The Impact ◽

Adjustment Programs

Purpose: In developing countries foreign lending becomes a problem now a day instead of spend this lending for the development purposes. Ultimately this problem causes poverty in these countries where usage of foreign lending is not in proper ways. The purpose of this study is to investigate the impact of IMF and World Bank lending on poverty in Pakistan, India and Bhutan. In this study corruption, GDP, unemployment, secondary enrolment, and external debt are used as independent variables and poverty headcount ratio as dependent variable. Study finds out the relationship of corruption, unemployment and external debts with poverty and showing the positive relationship while secondary enrolment and GDP showing negative relation with poverty. Moreover study finds out that lending of IMF and WORLD BANK mostly causes poverty in these developing countries instead of reducing poverty because of corrupt government's weak policies for the distribution of loans. It is examined that the countries with strong policies and non-corrupt government can take full advantage of these lending for poverty reduction. But it is noticed that the countries which are the members of IMF structural adjustment programs are facing more poverty problems as compare to those countries which are not involved in these programs or even have less numbers of lending. Those countries are much better than the countries involve in structural adjustment programs.

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Human Rights, Governance, and Democracy: The World Bank's Problem Frontiers

Netherlands Quarterly of Human Rights ◽

10.1177/016934419301100102 ◽

1993 ◽

Vol 11 (1) ◽

pp. 3-24 ◽

Cited By ~ 2

Author(s):

David Gillies

Keyword(s):

Human Rights ◽

World Bank ◽

Good Governance ◽

Bank Lending ◽

Human Rights Abuses ◽

The World ◽

Political Conditions

This article examines the case for and against applying political conditions to World Bank lending, the circumstances that might trigger such conditions, and the means by which they may be applied. It also surveys the genesis and diverse meaning of the ‘good governance’ agenda and briefly examines how the Bank responded to human rights abuses in China and Kenya.

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