The research proposal must include:
Description of the project – what is your research question/hypothesis?
Literature Review
Expected research contribution – what do you expect your research to contribute to existing knowledge. Is it innovative and/or original?
The proposed methodology – qualitative, quantitative or mixed methods.
Potential data sources.
Things that might help you to do this proposal:
The title: “IFRS Adoption and Investment Efficiency in Developing Countries: A Moderated Mediation Model of Earnings Quality & Corporate Governance Mechanism”
I will upload a research framework diagram so that you can understand more. This research is a bit complicated since it has a mediating variable and two moderation variables.
You can read some papers that I will upload that relates with my research.
Summary of my idea:
IFRS Adoption lowered information assymetry (solving agency problem in companies) and improved quality of financial disclosure –> Earnings Quality (Proxied with Earnings Management)
Analyst Coverage as External Corporate Governance Mechanism monitors the performance of companies, so management will be more careful in doing earnings management practices. Therefore, more analyst follows a company, the stronger the effect of IFRS on earnings quality.
High earnings quality is able to constrain managerial actions and to give rise to the adverse selection problem which in turn, decreases the underinvestment and overinvestment problems (investment efficiency)
Board of Director (BOD) as Internal Corporate Governance Mechanism monitors the daily operation and decision making process within a company. Better BOD characteristic is small numbers, independent and gender diversed. A well functioning BOD will monitor management works within a company more objectively, so they will makes more efficient investment decision. Therefore, the presence of better BOD will strengthen the effect of earnings quality on investment efficiency.
Previous studies only considers the direct effect of IFRS Adoption on Investment Efficiency. in my opinion, there is a missing link (mediation variable) that can prove that the effect can be indirect through Earnings Quality
My Research Questions/Hypothesis:
H1: The level of IFRS Adoption positively affects Investment Efficiency
H2: The level of IFRS Adoption positively affects Investment Efficiency through improved Earnings Quality
H3: The level of IFRS Adoption positively affects Earnings Quality
H4: The level of IFRS Adoption positively affects Earnings Quality in presence of Analyst Coverage
H5: Earnings Quality positively affects Investment Efficiency
H6: Earnings Quality positively affects Investment Efficiency in presence of small, independent and diversed Board of Directors
Yes it is original. Reasons:
Research related to ifrs adoption and corporate governance effect on earnings quality and information efficiency rarely done in Developing Countries
No research use earnings quality as mediating variable before. Usually the research framework will be IFRS effect on Earnings Quality, Earnings Quality effect on Investment Efficiency, and IFRS effect on Investment Efficiency (All exclusively between 2 variables, no one has ever combined all 3 variables)
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