Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries
Round 1
Reviewer 1 Report
Please refer to Comments in Text attached. The followings are the main ones are:
1) Provide an explanation about the Eclectic Paradigm, particularly in the Introduction section.
2) Add trend in FDI to prove worsening condition after Arab spring and other conflicts.
3) Cite references to support arguments for the other variables' effect on FDI (pgs 5 - 8). Make sure to add more recent references.
4) Please discuss the results; reporting alone is not sufficient.
5) Check in tables - figure in parenthesis represents z-stats or std error.
6. Professional proofreading is necessary.
Comments for author File: 
Comments.pdf
Author Response
1) Provide an explanation about the Eclectic Paradigm, particularly in the Introduction section.
our reply: additonal explanations aboout the EP were added in the introduction including additional references.
2) Add trend in FDI to prove worsening condition after Arab spring and other conflicts.
our reply: we have provided a more detailed descriptions and explanations about the effects of Arab spring in the introduction.
3) Cite references to support arguments for the other variables' effect on FDI (pgs 5 - 8). Make sure to add more recent references.
our reply: additional more recent references have been added.
4) Please discuss the results; reporting alone is not sufficient.
our reply: more in-depth interpretation of the results has been provided.
5) Check in tables - figure in parenthesis represents z-stats or std error.
our reply: Figures have been carefully checked.
6. Professional proofreading is necessary.
our reply: The text has been carefully proofread, types errors were eliminated and the language has been improved.
Reviewer 2 Report
Please find attached file.
Comments for author File: Comments.pdf
Author Response
Our replies to the comments have been provided in a separate file.
Author Response File: Author Response.pdf
Reviewer 3 Report
The paper presents some statistical analysis about Foreign Direct Investments to MENA countries. Statistical variables used and hypotheses in the analyses seems appropriate. Also, the paper provides important conclusions on the relation between foreign direct investment and international financial reporting standards (IFRS) adoption in the countries considered in the analysis.
The paper is concerned with an important issue related to financial systems. Adoption to IFRS is should be investigated whether it is effective on the FDI decision to country. If a relation is found, policies can be developed by governments to have more FDI. So, it is possible to say this article fits well with the scope of the journal.
Language, structure, organization, analyses and conclusions of the paper are well presented. I think this paper can be accepted in the current form. Congratulations on your efforts on the preperation phase of the study.
Author Response
We have carefully proofread the paper and removed typos and improved the language.
Round 2
Reviewer 1 Report
Please refer to the comments I made in the text itself,
Comments for author File: Comments.pdf
Author Response
Thank you very much for the addtional set of comments. We have carefully proofread the text and adressed all the comments in the revised version of the text. We have highlighted the most important changes.
Reviewer 2 Report
Please find attached file.
Comments for author File: Comments.pdf
Author Response
The replies to all comments are supplied in the separate file.
Author Response File: Author Response.pdf
