An Analysis of IFRS and SME-IFRS Adoption Determinants: A Worldwide Study

Zahid, R. M. Ammar; Şımga-Muğan, Can

doi:10.1080/1540496x.2018.1500890

Cited by 34 publications

(39 citation statements)

References 36 publications

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“…However, Shima and Yang (2012) found that countries with higher level of uncertainty avoidance are more likely to adopt IFRS. Furthermore, Zahid and Simga-Mugan (2019) found that the cultural effect measured by the Hofstede uncertainty avoidance index was not a significant effect on IFRS for SMEs adoption.…”

Section: Environmental Factorsmentioning

confidence: 91%

“…Eierle and Haller (2009) in Germany, Atik (2010) and Kiliç et al (2016) in Turkey studied determinants and tried to determine the impact of the characteristics of SMEs on the adoption of IFRS for SMEs. To our knowledge, only Kaya and Koch (2015), Bonito and Pais (2018), Sellami and Gafsi (2018) and Zahid and Simga-Mugan (2019) have examined, which factors influence countries' adoption of IFRS for SMEs. Kaya and Koch (2015) analyzed 128 countries, including 63 jurisdictions that have adopted IFRS for SMEs in 2013.…”

Section: Introductionmentioning

confidence: 99%

“…Recently, Zahid and Simga-Mugan (2019) have shown that regulatory efficiency (business freedom), market openness (trade freedom), economic growth and legal origin have a significant effect on IFRS for SMEs adoption. However, they did not find a significant impact of adoption timing, adoption extent, cultural values, inflation rate, education level, unemployment rate and size of the country on IFRS for SMEs adoption.…”

Section: Introductionmentioning

confidence: 99%

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Cross-country determinants of IFRS for SMEs adoption

Damak-Ayadi

Sassi

Bahri

2020

JFRA

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Purpose The purpose of this study is to identify the influence of environmental and institutional factors on the adoption of the International Financial Reporting Standard for small and medium-sized entities (IFRS for SMEs). This study used the neo-institutional theory and the economic theory of networks to explain why countries choose to adopt IFRS for SMEs. Design/methodology/approach This study is based on logistic regression analysis to investigate 177 countries, including 77 jurisdictions that adopted IFRS for SMEs between 2009 and 2015. Findings The findings confirm that the adoption of IFRS for SMEs is significantly related to law enforcement quality, culture, trading networks and economic growth. At the institutional level, coercive and normative isomorphism was found to be positively associated with IFRS for SMEs adoption. The results show also that the quality of the audit has no significant effect on the adoption of IFRS for SMEs. However, the joint effect of the quality of audit and quality of law enforcement is significantly related to the adoption of IFRS for SMEs. Practical implications The study contributes to a better understanding of the factors influencing the implementation of IFRS for SMEs standard across the globe and could be used to predict a country’s decision to adopt this standard. Originality/value This study contributes to the literature on international accounting harmonization by examining both environmental and institutional factors that influence the adoption of IFRS for unlisted private companies.

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Section: Environmental Factorsmentioning

confidence: 91%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Cross-country determinants of IFRS for SMEs adoption

Damak-Ayadi

Sassi

Bahri

2020

JFRA

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“…The adoption of IFRS affords quality information on financial statements whose analysis and examination will boost the value of the company (Sandoval-Mora et al 2019). Companies worldwide are converting to IFRS, and this conversion leads to improved disclosure, clarity, affinity, and enhanced accountability (Zahid & Simga-Mugan, 2019). IFRS conformance is high-quality accounting because it has removed several accounting alternatives allowing the financial data to be a better reflection of the firm's actual financial position (Wijayana & Gray, 2019).…”

Section: Discussion On the Impactmentioning

confidence: 99%

Agency Theory, Accounting Based Performance Evaluation Systems and IFRS: A Brief Relational Overview

Geddes¹

2020

jeb

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“…The use of cookie jar reserves is a technique, that is commonly employed in Germany SIFI or SIB and certain other countries. Essentially, such a reserve is created through aggressive assumptions about future liabilities such as sales returns, uncollectible accounts, warranty costs (Zahid & Simga-Mugan, 2019). The excess accruals which are charged against current earnings when established are thus stored for release in future years, as needed, to increase reported earnings.…”

Section: Earnings Managementmentioning

confidence: 99%

The Role and Impact of International Financial Reporting Standards on Cross-Border Financing for a Systemically Important Bank from Macroeconomic Perspectives—Technical Review Research Study

Kasztelnik¹,

Ctp²

2020

IBES

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The author of the study note that the extensiveness of a country’s international accounting disclosure requirements is a good for the overall disclosure extensiveness of the exchange in that foreign country, which, in turn, is bigly correlated with the cost of listing such as United States, Canada, United Kingdom, The Netherlands, France, Japan, and Germany. The United States and the national over-the-counter market have enjoyed significant growth in foreign listing. In absolute terms, the U.S. numbers are even more impressive. As of December 2019, the 1,420 foreign companies whose shares are traded in the United States reparent the largest amount of foreign listings of any major stock exchange in the world., which reflects, at least in part, recognition by multinational entities that the U.S. securities market represents the most efficient market in the world, thus translating into a lower cost of capital for issuer of securities. This technical research review article may support both the public trade companies and policymakers around the World.

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An Analysis of IFRS and SME-IFRS Adoption Determinants: A Worldwide Study

Cited by 34 publications

References 36 publications

Cross-country determinants of IFRS for SMEs adoption

Cross-country determinants of IFRS for SMEs adoption

Agency Theory, Accounting Based Performance Evaluation Systems and IFRS: A Brief Relational Overview

The Role and Impact of International Financial Reporting Standards on Cross-Border Financing for a Systemically Important Bank from Macroeconomic Perspectives—Technical Review Research Study

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