Early Adoption of IFRS as a Strategic Response to Transnational and Local Influences

Alon, Anna; Dwyer, Peggy D.

doi:10.1016/j.intacc.2014.07.003

Cited by 71 publications

(91 citation statements)

References 55 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The results of this research are consistent with previous studies showing that international accounting standards' adoption is influenced by coercive isomorphic pressures (Ashraf & Ghani, 2005;Judge et al, 2010;Mir & Rahaman, 2005), mimetic isomorphic pressures (Judge et al, 2010;Zeghal & Mhedhbi, 2006), tax system (Kaya & Koch, 2015;Shima & Yang, 2012), and governance quality (Alon & Dwyer, 2014;Kaya & Koch, 2015;Ramanna & Sletten, 2009). Unlike previous studies, our research is the first to analyze the impact of SMEs' importance on countries' decision to adopt IFRS for SMEs.…”

Section: Resultssupporting

confidence: 91%

“…Most of the previous studies have focused on the analysis of factors influencing the full IFRS adoption by countries (Alon & Dwyer, ; Archambault & Archambault, ; Clements, Neill, & Stovall, ; Judge et al, ; Ramanna & Sletten, ; Shima & Yang, ; Zeghal & Mhedhbi, ). The main environmental factors highlighted by these researchers are: education, legal system, existence of a capital market, culture, import penetration, foreign aid, economic growth, governance quality, investor protection mechanisms, inflation, and tax system.…”

Section: Theoretical Framework and Previous Studiesmentioning

confidence: 99%

See 1 more Smart Citation

What Drives Developing and Transitional Countries to Adopt the IFRS for SMEs? An Institutional Perspective

Sellami¹,

Gafsi²

2018

J Corp Accounting Finance

View full text Add to dashboard Cite

With the awareness of the socioeconomic importance of small- and medium‐sized enterprises (SMEs) and the growing demand for a high‐quality accounting framework for these businesses, the International Accounting Standards Board issued on July 9, 2009 a simplified version of financial reporting standards (IFRS for SMEs) to meet the specific needs of such entities. Recently, there is an increasing widespread acceptance of this standard around the world. While considerable effort has been made to explain the worldwide diffusion of full IFRS, still little empirical evidence on the factors influencing the IFRS for SMEs adoption has been undertaken. This study seeks to examine the institutional factors associated with the adoption of the IFRS for SMEs specifically in the context of developing and transitional economies. Based on a sample of 70 countries, the research results show that SMEs' importance, country's reliance on external funding, and external openness degree positively affect the IFRS for SMEs adoption. They reveal a negative effect of tax system and governance quality on this decision. However, education level and prior adoption of full IFRS are nonsignificant factors. These results are relevant to practitioners, SMEs' potential investors, standard setters, regulators, CPA firms, SMEs' managers, and policy‐makers. © 2018 Wiley Periodicals, Inc.

show abstract

Section: Resultssupporting

confidence: 91%

Section: Theoretical Framework and Previous Studiesmentioning

confidence: 99%

What Drives Developing and Transitional Countries to Adopt the IFRS for SMEs? An Institutional Perspective

Sellami¹,

Gafsi²

2018

J Corp Accounting Finance

View full text Add to dashboard Cite

show abstract

“…For instance, using 85 banks from 20 European countries, Barakat and Hussainey (2013) found that countries with stronger NGQ (i.e., the rule of law [ROL]) are associated with an increase in the level of operational risk disclosures. However, using data from 71 nations, Alon and Dwyer (2014) found that countries with poor NGQ are more likely to adopt IFRS early in comparison with their counterparts with strong NGQ, with the aim of allowing them to gain access to critical resources, such as foreign direct investments. To the best of our knowledge, no prior study has examined the impact of NGQ on RDPs to date, and, therefore, this study offers genuine opportunities to contribute to the extant literature by examining the effect of NGQ on RDPs.…”

Section: National Governance Quality and Rdpsmentioning

confidence: 99%

Islamic Governance, National Governance, and Bank Risk Management and Disclosure in MENA Countries

2017

View full text Add to dashboard Cite

We examine the relationships among religious governance, especially Islamic governance quality (IGQ), national governance quality (NGQ), and risk management and disclosure practices (RDPs), and consequently ascertain whether NGQ has a moderating influence on the IGQ-RDPs nexus. Using one of the largest data sets relating to Islamic banks from 10 Middle East and North Africa (MENA) countries from 2006 to 2013, our findings are threefold. First, we find that RDPs are higher in banks with higher IGQ. Second, we find that RDPs are higher in banks from countries with higher NGQ. Finally, we find that NGQ has a moderating effect on the IGQ-RDPs nexus. Our findings are robust to alternative RDP measures and estimation techniques. These results imply that the quality of disclosure depends on the nature of the macro-social-level factors, such as religion that have remained largely unexplored in business and society research, and, therefore, have important implications for policy makers.

show abstract

“…As it was noted by Alon (2013Alon ( , 2014, the process of harmonization with the IFRS in Russia is very specific because of some reasons. Russia is an example of a country facing to so-called dual institutionalism.…”

Section: Literature Reviewmentioning

confidence: 99%

Does the Auditor Have a Direct Influence on the Financial Statement Quality?

Dolgikh¹

2017

EFAJ

View full text Add to dashboard Cite

Abstract:In the modern process of globalization, IFRS standards are widely used in the financial world, Russian Federation is one of these examples. The application of IFRS in Russian Federation first began in the early 90-ies of the twentieth century. During IFRS adoption many companies were involved in this process. Nowadays, a big part of all Russian companies obligatory use IFRS standards to prepare their statements. The purpose of this article is to analyse current practices of financial reporting procedures, its compliance with the rules of the IAS 1 as well as identifying the dependencies between the auditor selection and the quality of reporting. For this paper, a special Questionnaire was developed and for each selected organization a special profile, which included analysis of all financial statements for the period of the 2015 year was created. The study shows that the financial reports quality of the largest Russian companies on a high level. However, many companies face the problem of RAS and IFRS differences during reports transformation that directly influences its quality. During the study process it becomes clear, that auditor has a direct impact on the financial statements quality.

show abstract

Early Adoption of IFRS as a Strategic Response to Transnational and Local Influences

Cited by 71 publications

References 55 publications

What Drives Developing and Transitional Countries to Adopt the IFRS for SMEs? An Institutional Perspective

What Drives Developing and Transitional Countries to Adopt the IFRS for SMEs? An Institutional Perspective

Islamic Governance, National Governance, and Bank Risk Management and Disclosure in MENA Countries

Does the Auditor Have a Direct Influence on the Financial Statement Quality?

Contact Info

Product

Resources

About