An empirical examination of factors contributing to the adoption of IFRS in developing countries

Mita, Aria Farah; Husnah, Nurul

doi:10.14414/jebav.v18i3.512

Cited by 5 publications

(2 citation statements)

References 6 publications

(21 reference statements)

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“…It can therefore be argued that setting legally enforceable international accounting standards may not be enough by itself to ensure actual enforcement and implementation. More studies are then required to improve quality, comparability and accountability of financial reporting (Farahmita, 2013).…”

Section: Introductionmentioning

confidence: 99%

Related party transactions disclosure in the emerging market of the United Arab Emirates

ElKelish

2017

ARJ

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Purpose This paper aims to measure the extent of related party transactions disclosure and investigates their determinants across all listed companies in the United Arab Emirates (UAE) stock market during 2010 to 2012. Design/methodology/approach An index was manually constructed for related party transactions disclosure in accordance with International Financial Reporting Standards (IFRS) (IAS 24) using company financial statements. Findings Empirical results show relatively low level of related party transactions disclosure in the UAE emerging market. Furthermore, the multiple regression analysis (OLS) shows that related party transactions disclosure has significant relationships with the number of board members, audit quality, block-holders’ ownership, company size, leverage and product market competition. The multiple regression analysis (OLS) also highlights that industry type plays a significant and crucial role in disclosure levels across companies. Research limitations/implications This paper does not control for some corporate governance mechanisms such as audit committee characteristics. Practical implications This paper provides useful guidelines for several stakeholders including policy makers, accounting standard setters and corporate managers. Originality/value IFRS (IAS 24) standards were used to measure the strength of related party transactions disclosure. In addition, several variables were tested such as corporate governance mechanisms, ownership structure and product market competition on related party transactions disclosure over time; in an emerging market such as the UAE.

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Section: Introductionmentioning

confidence: 99%

Related party transactions disclosure in the emerging market of the United Arab Emirates

ElKelish

2017

ARJ

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“…By comparison, "convergence" is the gradual mechanism of changing local accounting standards into IFRS. Although it does not mean full adoption, convergence can indicate only a minimal difference between a nation's standards and the IFRS [36]. According to the IASB's position, convergence will not, by definition, lead to a common set of global standards.…”

Section: Convergence Versus Adoptionmentioning

confidence: 99%

National Adoptions of IFRS: Accounting Perspectives

Bengtsson¹

2022

Banking and Accounting Issues

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In the past few decades, there has been a global trend of international harmonization of accounting standards. The intended goal is to remove the barriers that hinder investors when comparing the accounting information of companies from different nations, while simultaneously reducing the transaction costs for firms. However, research has shown that countries adopt IFRS unequally, ranging from resistance, partial adoption to full adoption. If the IFRS are not adopted to the same extent around the world, the central purpose of international standards can be compromised. This chapter aims to explain some key terms essential in understanding current development in international accounting and lay out the development and progress of IFRS diffusion.

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International Financial Reporting Standards and Bilateral Accounting Services Exports

Shirah

Briggs

2023

The International Trade Journal

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An empirical examination of factors contributing to the adoption of IFRS in developing countries

Abstract: A B S T R A C T This research aims to analyze factors that influence the likelihood of IFRS adoption in developing countries. Research that focuses on the IFRS adoption in developing

Cited by 5 publications

References 6 publications

Related party transactions disclosure in the emerging market of the United Arab Emirates

Related party transactions disclosure in the emerging market of the United Arab Emirates

National Adoptions of IFRS: Accounting Perspectives

International Financial Reporting Standards and Bilateral Accounting Services Exports

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