کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7415481 1481921 2016 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The IFRS Adoption Reform through the Lens of Neoinstitutionalism: The Case of the Russian Federation
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
The IFRS Adoption Reform through the Lens of Neoinstitutionalism: The Case of the Russian Federation
چکیده انگلیسی
This study examines the impact of IFRS adoption and concurrent regulatory reforms on the reporting quality of Russian public firms. Unlike much of the prior literature focusing on the economic and legal explanations of the IFRS adoption, we build on the neo-institutional theory of DiMaggio and Powell (1983, 1991). We show that changes in reporting quality, as measured by value relevance of information and the degree of conditional conservatism, are a function of the type of isomorphic pressure within a country. We find that firms that experienced coercive, mimetic, and normative societal pressures-those that both adopted IFRS and were affected by other regulatory reforms-experienced significant improvements in reporting quality. We do not find such evidence for firms that experienced only coercive pressure-those that were affected by changes in regulations but were exempt from the IFRS reporting requirement. Overall, the study sheds light on complexity of the interplay between external pressures and a wide array of internal pressures on public firms to adopt IFRS. Notably, the study's unique research settings allows us to achieve a better identification strategy, compared to prior IFRS studies that attempted to disentangle the IFRS adoption and regulations/enforcement effects. Our findings indicate that the incremental “IFRS adoption” effect on reporting quality was significantly positive, whereas the individual “regulations” effect was non-detectable.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The International Journal of Accounting - Volume 51, Issue 3, September 2016, Pages 345-362
نویسندگان
,