That is the "file format" same as pdf, doc,pbp,xls,dwg and so on.

But the content will not be correct. At best you will get an eight bit program to run on a 16 or 32 bit processor. This will not be too good. For instance, when we declare a WORD variable, the compiler generates code to make the uP act on the WORD in multiple BYTES. The 16 bit uP would not need the extra overhead of manuiplating the BYTES since it can handle WORDS. But the program would have it anyway since it was compiled for an eight bit uP.