The impact of accounting standards and CSR sustainability reporting on firm value

This study aims to examine the impact of accounting standards and CSR sustainability reporting on firm value in term of Southwest Asia firms. Specifically, CSR sustainability reporting is considered as the moderating factor to the nexus between accounting standards and firm value. The data of 4,786 Southwest Asia firms was downloaded from Refinitiv Eikon, and the final sample for quantitative research being 1,873 firms in the 2019-2023 periods. Finally, the Maximum likelihood structural equation modelling has been employed to test the hypotheses. The result has indicated that high-quality accounting standards (e.g., IFRS) has a significant impact on firm value. And the CSR sustainability reporting has a significant moderating impact on the nexus between accounting standards and firm value. These findings benefit to improving the literature of high quality accounting standards, CSR sustainability reporting, and firm value.