The Effect of IFRS Adoption on the Business Climate: A Country Perspective

Penela, Daniela; Estevão, João; Morais, Ana Isabel

doi:10.3390/jrfm15120604

Cited by 3 publications

(3 citation statements)

References 90 publications

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“…This study analyzes the data collected through the survey using fsQCA to fully determine the complex relations between Chinese ventures' diverse legitimacy building strategies and their growth during the COVID-19 pandemic. Moreover, fsQCA allows us to find diverse configurations of causal factors affecting the growth of ventures from an integrated perspective, rather than individually analyzing them (Boraty ńska 2021; Penela et al 2022). Equifinality, which means "the premise that multiple combinations of antecedent conditions are equally effective" (Pappas and Woodside 2021, p. 4), is the basic principle of fsQCA.…”

Section: Fsqcamentioning

confidence: 99%

“…To summarize, this study plans to systematically investigate how diverse patterns of Chinese ventures' legitimation strategies affect their growth through actively securing legitimacy and acquiring resources when ventures face emergent situations. We select fuzzy-set qualitative comparative analysis (fsQCA) as our methodological strategy because fsQCA is one of the ideal empirical methods used to investigate the effects of various configurations of legitimation mechanisms on venture growth (Ragin 2006;Penela et al 2022). By applying fsQCA, we can explore which combinations of antecedents are equally effective rather than focusing on the individual effect of a causal condition on the dependent variable (Pappas and Woodside 2021).…”

Section: Introductionmentioning

confidence: 99%

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Growth of Venture Firms under State Capitalism with Chinese Characteristics: Qualitative Comparative Analysis of Fuzzy Set

Yun

2023

JRFM

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This study builds upon the venture growth literature and venture legitimation mechanisms and investigates how venture firms in China can acquire legitimacy and necessary resources from state stakeholders for venture growth during the COVID-19 pandemic. To offer a context-specific perspective of Chinese ventures’ legitimation strategies, we discuss that under Chinese state capitalism, these ventures need to follow lingering socialist values, such as equality and social stability, to be recognized as appropriate business operations by state audiences. Furthermore, we discuss that access to necessary resources for venture growth is limited during crises. Based on the understanding of particular contexts of Chinese state capitalism and the COVID-19 pandemic, we examine how various sets of a venture’s identity, associative, and organizational mechanisms influence venture growth during crises in China. In addition, we consider serial entrepreneurship as a contextual factor affecting the effectiveness of causal effects. This study applies the fuzzy-set qualitative comparative analysis method to take a configurational approach and identify multiple concurrent causality of legitimacy mechanisms on venture growth. We conduct a survey and analyze data from 107 entrepreneurs of Chinese technology ventures during the COVID-19 pandemic. Findings show that Chinese ventures with or without repeat entrepreneurs can actively utilize various sets of legitimation mechanisms to acquire legitimacy and necessary resources from Chinese state audiences for venture growth during adversity. This study provides comprehensive understanding and practical implications on Chinese ventures’ legitimation strategies for venture growth during crises.

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Section: Fsqcamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Growth of Venture Firms under State Capitalism with Chinese Characteristics: Qualitative Comparative Analysis of Fuzzy Set

Yun

2023

JRFM

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“…However, the realisation of this potential is not automatic and is influenced by various factors, one of which is the region's financial reporting environment. The adoption of International Financial Reporting Standards (IFRS) is seen as a key element in this environment, promising enhanced transparency, comparability and reliability of financial information across borders (Penela et al, 2022). The speed and extent of IFRS adoption in Sub-Saharan African countries have varied, reflecting different regulatory environments and institutional capacities .…”

Section: Introductionmentioning

confidence: 99%

The Moderating Role of Ifrs Adoption Speed in the Relationship Between Capital Inflows and Inclusive Growth in Sub-Saharan Africa

Otchere-Boateng,

Idun,

Tackie

2024

J. of Law and Sust. Develop.

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Purpose: This study investigates how the speed of International Financial Reporting Standards (IFRS) adoption condition the capital inflows and inclusive growth nexus in Sub-Saharan Africa. While existing literature primarily examined IFRS impacts at the firm level, this study filles a significant gap by focusing on the macroeconomic effects of IFRS adoption speed, particularly its role in enhancing the benefits of capital inflows such as Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), and Foreign Aid. Methods: This study employs a dynamic panel data analysis using the Generalized Method of Moments (GMM) to examine how the speed of IFRS adoption impacts capital inflows and fosters inclusive growth across Sub-Saharan African countries. The study leveraged a dataset spanning from 2005 to 2019, covering 48 countries in the region. By analysing the relationship between IFRS adoption speed, capital inflows, and inclusive growth, the study offers new insights into the macroeconomic benefits of adopting IFRS. Findings: Findings suggest that speedy IFRS adoption significantly enhances the positive impact of capital inflows on inclusive growth, underlining the importance of swift and effective implementation of IFRS for equitable economic development. Implications: This study contributes to the existing literature by providing a macroeconomic perspective on IFRS adoption and highlighting the importance of financial reporting standards in achieving inclusive growth in Sub-Saharan Africa. Originality: This study introduces a novel approach by examining how the speed of International Financial Reporting Standards (IFRS) adoption moderates the impact of capital inflows on inclusive growth in Sub-Saharan Africa. Bridging the gap in existing literature, it shifts the focus from firm-level effects of IFRS and direct impacts of capital inflows on economic growth to a nuanced exploration of how financial reporting standards' adoption speed can enhance a country's ability to utilize foreign investments for inclusive economic development. Unique in its regional focus, this research provides critical insights into the macroeconomic benefits of IFRS in Sub-Saharan Africa, offering valuable implications for policymakers and contributing significantly to the discourse on financial innovation, regulatory frameworks, and sustainable economic growth in emerging markets.

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Standardization of Accounting Information in the Context of International Financial Reporting Standards Implementation

KYRYLLOV,

ZASADNYI

2023

BulEcon

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Background. The article identifies the basic characteristics of IFRS, which affect the process of standardization of accounting information, highlights the key aspects of the implementation of IFRS in accounting practice, and describes the main opportunities for standardization of accounting information of business entities in Ukraine. Particular attention is given to the role of accounting policy and its structural elements in the process of standardizing accounting information. The object of the study is accounting information, as well as the set of phenomena and processes related to its formation and use in the operation of business entities. Methods. In line with the study's objective to clarify and detail specific aspects of implementing IFRS in modern economic conditions, deductive and inductive methods, historical and logical methods, and the method of comparison were used. To gather reference materials regarding the harmonization and standardization of accounting, the information modeling method was employed. Statistical analysis was used to investigate the key characteristics of mass phenomena and processes related to the implementation of IFRS in Ukraine. The combination of various research methods helped to obtain a complete and representative assessment of the state of IFRS implementation in the activities of Ukrainian business entities. Results. The study results have revealed the main aspects of the impact of IFRS on the standardization of accounting information, of a business entity, which became a basis for improving accounting practices and introducing appropriate changes in the accounting system of the business entity to comply with international standards. Conclusions. This study contributes to a better understanding of the importance of IFRS in the modern business environment and helps to implement them in practice keeping on national realities and requirements. The findings may be useful for accounting and audit professionals, business managers, and financial control authorities in making strategic management decisions.

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The Effect of IFRS Adoption on the Business Climate: A Country Perspective

Cited by 3 publications

References 90 publications

Growth of Venture Firms under State Capitalism with Chinese Characteristics: Qualitative Comparative Analysis of Fuzzy Set

Growth of Venture Firms under State Capitalism with Chinese Characteristics: Qualitative Comparative Analysis of Fuzzy Set

The Moderating Role of Ifrs Adoption Speed in the Relationship Between Capital Inflows and Inclusive Growth in Sub-Saharan Africa

Standardization of Accounting Information in the Context of International Financial Reporting Standards Implementation

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