Making the Economic Agreement Between Gulf Countries Valuable: The Way Forward for the Harmonization of their Corporate Financial Reporting

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Making the Economic Agreement Between Gulf Countries Valuable: The Way Forward for the Harmonization of their Corporate Financial Reporting

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dc.contributor.author Douban, Said M. en_US
dc.contributor.author Al Sowaidi, Saif S. en_US
dc.date.accessioned 2009-11-25T12:43:15Z
dc.date.available 2009-11-25T12:43:15Z
dc.date.issued 1996 en_US
dc.identifier.citation Journal of Administrative Sciences and Economics, 1996, Vol. 7, Pages 3-30. en_US
dc.identifier.uri http://hdl.handle.net/10576/6907
dc.description.abstract Economic agents tend to maximize their welfare given a set of information, and for investors, accounting data constitute an essential element of the set. Moreover, if this set is homogeneous, comparisons can easily be established, thus inflecting positively on allocation of resources. Although there is an economic agreement endorsed by the member states of the Gulf Cooperation Council, obstacles remain to be overcome, so as to fulfill the objectives of the agreement. It is argued in the present paper that, harmonization of accounting would, enhance the pace toward increasing trade and investment between these states. The present state of applying nondomestic accounting practices, is seen as a force which has the potentials of encouraging the Gulf states to develop their customized accounting practices. However, some forces may work in the opposite direction. en_US
dc.language.iso en en_US
dc.publisher Qatar University en_US
dc.subject Economics en_US
dc.title Making the Economic Agreement Between Gulf Countries Valuable: The Way Forward for the Harmonization of their Corporate Financial Reporting en_US
dc.type Article en_US
dc.identifier.pagination 3-30 en_US
dc.identifier.volume 7 en_US

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