The Development of Accounting Regulation in Iraq and the IFRS Adoption Decision: An Institutional Perspective

Hassan, Enas A.; Rankin, Michaela; Lu, Wennan

doi:10.1016/j.intacc.2014.07.001

Cited by 73 publications

(92 citation statements)

References 27 publications

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“…The scores that between 3.44 and 3.15 show that all respondents have little agreement with these statements. This result is in line with previous studies that found that international institutions are a main factor in influencing the decision to adopt IFRSs (El-Firjani & Faraj, 2014;Gyasi, 2010;Hassan et al, 2014;Mir & Rahaman, 2005). In Yemen's case, the international environment such as World Bank has no role in the process of IFRSs adoption due to that Yemen has typically relied on oil revenues for approximately 70%.…”

Section: Education Level Of Accountantssupporting

confidence: 92%

“…Many studies have examined the impact of factors that impede the decision to adopt IFRSs in developing countries as in Table 1. The factors are: (i) whether there is a capital market; (ii) government policy; (iii) economic growth; (iv) international environment; (v) profession body; (vi) education level; (vii) Company size; and (viii) Culture (Al-Shammari, Brown & Tarca, 2008;Aljifri & Khasharmeh, 2006;El-Firjani & Faraj, 2014;Gyasi, 2010;Hassan, Rankin & Lu, 2014;Joshi, Bremser & Al-Ajmi, 2008;Mir & Rahaman, 2005;Öztürk & Ergun, 2012;Zeghal & Mhedhbi, 2006;Zehri & Chouaibi, 2013). Johnson and Hicks (2012) showed that the probability of assuring strict implementation of accounting and reporting standards may be affected by unstable authoritarian forms of government.…”

Section: Review Of Literaturementioning

confidence: 99%

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Accountants’ Perception on the Factors Affecting the Adoption of International Financial Reporting Standards in Yemen

Al-Absy

Ismail²

2019

IJFR

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This study examines accountants’ perception whether or not the following factors ــgovernment policy, capital market, economic growth, external environment/international exposure, professional bodies, education level of accountants, company size, initial cost of International Financial Reporting Standards (IFRSs) adoption and culture affect the adoption of IFRSs in Yemen. It also examines the differences of opinion among academicians and practitioners with regard to these factors. A questionnaire survey involving 41 Yemeni accounting postgraduate students in Malaysia’s public Universities was conducted. The results indicate that the majority of respondents believe that the lack of government policy, absence of capital market, lack of economic growth, lack of professional bodies, weakness in the education level of accountants, the small size of the companies and initial cost of IFRSs adoption affect the adoption of IFRSs in Yemen. The study also shows that the international environment has a weak effect on IFRSs adoption while the Yemeni culture does not affect IFRSs adoption. The finding may help both policy-makers and the Yemeni Association of Certified Public Accountants (YACPA) to consider these factors and make more precise decisions regarding IFRSs adoption.

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Section: Education Level Of Accountantssupporting

confidence: 92%

Section: Review Of Literaturementioning

confidence: 99%

Accountants’ Perception on the Factors Affecting the Adoption of International Financial Reporting Standards in Yemen

Al-Absy

Ismail²

2019

IJFR

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“…Prior literature has observed that coercive isomorphism tends to be low in incidence in developing economies because of their low‐quality investor protection laws and lack of enforcement (Hassan et al . ).…”

Section: Institutional Theory and Development Of Propositionsmentioning

confidence: 99%

“…the Companies Act, Accounting Standards, and the Corporate Governance Code) and enforces accounting regulations, which act as a coercive mechanism (Scott 2008). Prior literature has observed that coercive isomorphism tends to be low in incidence in developing economies because of their low-quality investor protection laws and lack of enforcement (Hassan et al 2014).…”

Section: Mimetic Isomorphismmentioning

confidence: 99%

Tensions between politico‐institutional factors and accounting regulation in a developing economy: insights from institutional theory

Nurunnabi

2015

Bus Ethics Eur Rev

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The study contributes to building an understanding of the impact of political forces on the information environment of listed firms in a developing economy. Specifically, it investigates the tensions between politico‐institutional factors and accounting regulation on the prolonged and incomplete implementation of the International Financial Reporting Standards (IFRS) in Bangladesh from 1998 to 2010. Two phases of interviews were conducted in 2010–2011 and IFRS‐related enforcement documents from 1998 to 2010 were evaluated. The study contributes that IFRSs are being diffused to developing countries like Bangladesh, but they invariably interact with local institutions (political institutions in this case), with variable outcomes (i.e. negative outcomes of IFRS implementation). Coercive, normative and mimetic isomorphisms are low in Bangladesh. Notably, political forces have been undermining mimetic isomorphism because of the high level of government intervention and the high level of political lobbying. Political institutional pressures stand in the way of mimetic isomorphism and constitute negative forces that add further tension to accounting regulation (e.g. the implementation of IFRS) in Bangladesh. Regarding the low level of normative isomorphism, there is evidence of a ‘blame culture’, with state institutions and professional accountancy institutions in the country blaming each other for the poor progress in IFRS implementation. Although the study focuses on Bangladesh, its results have implications for international policy makers (the International Accounting Standards Board, the International Monetary Fund and the World Bank), as well as the governments and regulators of other developing economies facing similar challenges in implementing IFRS.

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“…Several studies have used IT to investigate the institutional dynamics involved in the adoption of IFRS (e.g., Hassan, Rankin, & Lu, 2014;Mir & Rahaman, 2005;Nurunnabi, 2015;Touron, 2005). Most of these studies have been framed by early versions of IT (as elaborated by Meyer & Rowan, 1977;and DiMaggio & Powell, 1983).…”

Section: Introductionmentioning

confidence: 99%

Institutional theory and IFRS: an agenda for future research

Guerreiro

Rodrigues

Craig

2020

Spanish Journal of Finance and Accounting / Revista Española de

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. AbstractThis paper highlights the capacity for Institutional Theory [IT] to render in-depth understanding of change processes associated with the adoption and implementation of international accounting standards by countries and organizations. Although the fact of requiring the adoption of IFRS could be characterized as a form of coercive power, recent developments in IT help to explore the extent to which adoption and diffusion of IFRS is shaped by three factors: agency, the interests of actors involved in the adoption process, and the role of institutional entrepreneurs and institutional work. We provide a structured review of literature that uses an IT framework in the context of adopting and implementing IFRS. The review brings together various streams of IT and current debates in the management and organization literature. This allows us to outline an agenda for future research that proposes six new research questions for investigation. These research questions are intended to encourage greater regard for the capacity of the theoretical toolkit of institutional logics to explore institutional entrepreneurship, institutional work, and the institutional dynamics of change processes associated with the adoption, maintenance and disruption of accounting systems.

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The Development of Accounting Regulation in Iraq and the IFRS Adoption Decision: An Institutional Perspective

Cited by 73 publications

References 27 publications

Accountants’ Perception on the Factors Affecting the Adoption of International Financial Reporting Standards in Yemen

Accountants’ Perception on the Factors Affecting the Adoption of International Financial Reporting Standards in Yemen

Tensions between politico‐institutional factors and accounting regulation in a developing economy: insights from institutional theory

Institutional theory and IFRS: an agenda for future research

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