SEC's acceptance of IFRS-based financial reporting: An examination based in institutional theory

Regulation and adaptation of management accounting innovations: The case of economic value added in Thai state-owned enterprises

“…Some attributes, such as the need to give EVA TM a particular weight in performance agreements and for SOEs to disaggregate EVA TM to the business unit level, remained mandatory, whilst SOEs were given greater discretion as to how far down the hierarchy to use the system. Whilst these findings are, again, consistent with the literature on regulation informing this paper (e.g., Alon and Dwyer, 2016;Bozanic et al, 2012;Mehrpouya and Samiolo, 2016), individual SOEs differed significantly in the extent to which they took advantage of the choices embedded in the regulatory standards due to variations in industry-specific regulations and cultural characteristics.…”

“…… Thus, we try not to deviate much from the existing bonus system. (Senior Executive and Fiscal Advisor, Ministry of Finance, 12/10/2010) Consistent with prior research on regulatory standards (e.g., Alon and Dwyer, 2016;Bozanic et al, 2012;Mehrpouya and Samiolo, 2016), the initial development of such standards for EVA TM thus entailed significant adaptations which were partly influenced by the emerging concerns and experiences of SOEs. This imbued the regulatory standards with a mix of restrictions and choices.…”

“…Even where the mediating role of regulators has been a key focal point (Hopper and Major, 2007;Modell et al, 2007), little attention has been paid to the involvement of regulatees in the formation of the regulatory standards that govern MAIs. This stands in stark contrast to research on other types of accounting standards, which has increasingly emphasised the influence of regulatees on the standard-setting process (e.g., Alon and Dwyer, 2016;Bozanic et al, 2012;Mehrpouya and Samiolo, 2016). Addressing these limitations is important in order to enhance our understanding of regulation as a collaborative process, and thereby to move beyond market-like depictions of diffusion which confine the analysis to the interactions between suppliers and adopters.…”

“…The more specific focus of this paper is on the evolution of regulatory standards within such broader reform programmes. Research on this topic has grown into a substantial literature (e.g., Brunsson and Jacobsson, 2000;Brunsson et al, 2012;Djelic and den Hond, 2014;Higgins and Tamm-Hallström, 2007;Timmermans and Epstein, 2010), which is exercising increasing influence on research on financial accounting standards (e.g., Alon and Dwyer, 2016;Baudot, 2014;Botzem, 2014;Botzem and Quack, 2009) and other forms of extraorganisational governance standards (e.g., Bozanic et al, 2012;Mehrpouya, 2015;Mehrpouya and Samiolo, 2016;Rasche, 2010). Much of this research has emphasised the voluntary nature of regulation and sees regulatory standards as a relatively malleable and flexible phenomenon (Timmermans and Epstein, 2010).…”

Institutional theory and IFRS: an agenda for future research

“…This need arises due to the authority of specific groups (e.g., professional associations) that confer legitimacy on the new practices. In turn, these negotiations help to establish new power positions and the features of the resulting accounting system (Alon & Dwyer, 2016;Guerreiro et al, 2015;Hyvönen et al, 2009;Krishnan, 2018).…”