Microfinance institutions and International Financial Reporting Standards: An exploratory analysis

Pignatel, Isabelle; Tchuigoua, Hubert Tchakoute

doi:10.1016/j.ribaf.2020.101309

Cited by 15 publications

(13 citation statements)

References 61 publications

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“…Beisland and Mersland (2014) indicate that not for profit making MFIs have challenges with financial reporting. According to Pignatel and Tchuigoua (2020), MFIs that are established for commercial purposes will adopt IFRS as compared to those with a different agenda. Pignatel and Tchuigoua (2020), further note that in some jurisdictions, regulators pay less attention to the enforcement of IFRS usage.…”

Section: Study Settingmentioning

confidence: 99%

“…According to Pignatel and Tchuigoua (2020), MFIs that are established for commercial purposes will adopt IFRS as compared to those with a different agenda. Pignatel and Tchuigoua (2020), further note that in some jurisdictions, regulators pay less attention to the enforcement of IFRS usage. This is true for Uganda especially in the MFIs where regulators have not enforced the use of IFRS in the preparation of financial statements.…”

Section: Study Settingmentioning

confidence: 99%

“…Of course, there is no doubt on firms that prepare financial statements that are IFRS compliant to be leveraged as compared to those that do not. In countries that adopted IFRS at national level, it is expected that all firms prepare IFRS compliant financial statements depending on the respective country accountancy regulator, although in some jurisdictions it is not always the case (Pignatel and Tchuigoua, 2020). The adoption of IFRS comes with improved comparability and transparency of the financial statements (Bassemir, 2018; Rezaee et al , 2010; Phan et al , 2018).…”

Section: Introductionmentioning

confidence: 99%

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Intellectual capital: mediator of board of directors’ effectiveness and adoption of International Financial Reporting Standards

Tumwebaze

Bananuka

Alinda

et al. 2020

JFRA

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Purpose The purpose of this paper is twofold: to test whether intellectual capital mediates the relationship between board of directors’ effectiveness and adoption of International Financial Reporting Standards (IFRS) and to examine the contribution of the specific elements of intellectual capital and board of directors’ effectiveness to adoption of IFRS. Design/methodology/approach This study is cross-sectional. Usable questionnaires were received from 67 microfinance institutions (MFIs) that are members of the Association of MFIs of Uganda. The data was analyzed using Statistical Package for Social Sciences and MedGraph program (Excel version). Findings Results indicate that intellectual capital mediates the relationship between board of directors’ effectiveness and adoption of IFRS. Results further indicate that board independence and board meetings contribute significantly to the adoption of IFRS unlike board size and board committees. Results also indicate that in the intellectual capital elements, only structural capital and human capital significantly contribute to the adoption of IFRS unlike relational capital. Originality/value This study provides more insights on our understanding of the relationship between intellectual capital, board of directors’ effectiveness and adoption of IFRS. Specifically, it provides first time evidence of the mediation effect of intellectual capital in the relationship between board of directors’ effectiveness and adoption of IFRS using evidence from an African developing country – Uganda. Further, this paper adds to existing literature on corporate governance and reporting practices, as it provides more insights on the contribution of specific elements of board of directors’ effectiveness and intellectual capital to adoption of IFRS.

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Section: Study Settingmentioning

confidence: 99%

Section: Study Settingmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Intellectual capital: mediator of board of directors’ effectiveness and adoption of International Financial Reporting Standards

Tumwebaze

Bananuka

Alinda

et al. 2020

JFRA

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“…Развитие микрофинансирования, его влияние на инновационную экономику изучается многими учеными с помощью различных исследовательских методов. Примеры включают Изабель Пинатель, Юбер Чакуте Чуигуа [5], Фредерик Хейбрехс, Йохан Бастиаенсен и Герт Ван Хекен [6].…”

Section: степень изученности темыunclassified

Микрофинансирование Как Фактор Развития Бизнеса

Султонова¹

2021

ТРНиО

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В данной статье анализируется текущая ситуация в Узбекистане в международном рейтинге «Doing Business» и исследуется кредитная деятельность микрокредитных организаций и коммерческих банков в стране, которая имеет прямое влияние на данный показатель.

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“…The importance of studying the problems of consolidating national accounting and financial statements reporting following IFRS standards, has been considered by researchers from many countries for a long time (Silva, Fontes & Martins, 2021;Madah Marzuki & Abdul Wahab, 2016;Pignatel & Tchuigoua, 2020). Since companies in more than 144 countries use IFRS to prepare accounting reports, numerous studies have been explicitly devoted to the problems of certain inconsistencies and disagreements arising from language differences due to the narrow profile of a commercial document.…”

Section: Literature Reviewmentioning

confidence: 99%

A practical model to implementing IFRS in the national accounting system: The case of Azerbaijan

Valiyev

Huseynov

Gadimli³

et al. 2021

JEECAR

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The purpose of this article is to develop a methodological approach to substantiating the effective consolidation model of national accounting standards (NAS) with International Financial Reporting Standards (IFRS) for Azerbaijan. Using the questionnaire method, the advantages, and obstructions of IFRS implementation in Azerbaijan have been assessed, depending on the practicing models of consolidation of NAS and IFRS. Using fuzzy sets made it possible to determine the levels of development of advantages and obstructions associated with the introduction of IFRS into national accounting practice in Azerbaijan. We determined the most effective model of consolidation of NAS and IFRS for the enterprises of Azerbaijan. The effectiveness of implementing models for the consolidation of NAS and IFRS has been assessed to provide a balance between advantages and destructive factors in the implementation of IFRS.

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Microfinance institutions and International Financial Reporting Standards: An exploratory analysis

Cited by 15 publications

References 61 publications

Intellectual capital: mediator of board of directors’ effectiveness and adoption of International Financial Reporting Standards

Intellectual capital: mediator of board of directors’ effectiveness and adoption of International Financial Reporting Standards

Микрофинансирование Как Фактор Развития Бизнеса

A practical model to implementing IFRS in the national accounting system: The case of Azerbaijan

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