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

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Author Douban, Said M. en_US
Author Al Sowaidi, Saif S. en_US
Available date 2009-11-25T12:43:15Z en_US
Publication Date 1996 en_US
Citation Journal of Administrative Sciences and Economics, 1996, Vol. 7, Pages 3-30. en_US
URI http://hdl.handle.net/10576/6907 en_US
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
Language en en_US
Publisher Qatar University en_US
Subject Economics en_US
Title Making the Economic Agreement Between Gulf Countries Valuable: The Way Forward for the Harmonization of their Corporate Financial Reporting en_US
Type Article en_US
Pagination 3-30 en_US
Volume Number 7 en_US


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