Czasopismo
Tytuł artykułu
Warianty tytułu
Języki publikacji
Abstrakty
Purpose: Drawing on the experience of adoption of a model based on the International Financial Reporting Standards (IFRS) by Portuguese non-financial unlisted companies in 2010, called Sistema de Normalização Contabilística (SNC), this paper explores auditors' perceptions regarding dimensions of relevance and suitability of the new accounting model to the Portuguese setting, major problems encountered, and the main engendered benefits.
Methodology: An interpretative approach based on qualitative research methods was adopted, in which sixteen interviews with statutory auditors were conducted from a vantage point in 2017, seven years after the formal implementation of the IFRS-based model.
Findings: Evidence suggests enduring problems but mostly a significant level of legitimation and institutionalization of the IFRS-based model: (i) the perceived motivations for SNC adoption are a good fit with the theoretically acknowledged motivations underlying accounting convergence; (ii) the principle-based standards and the fair value were largely perceived favorably; and (iii) the IFRS-based model brought about a number of benefits as expected ex ante.
Implications: Findings shed light on the potential of the IFRS model to conform to countries whose accounting systems are remarkably disparate - as it was in Portugal - and offer an agenda for regulators and local and international policymakers.
Originality/Value: This study contributes to the accounting literature on IFRS adoption by providing empirical evidence from a European country that posited an a priori adverse context. (original abstract)
Methodology: An interpretative approach based on qualitative research methods was adopted, in which sixteen interviews with statutory auditors were conducted from a vantage point in 2017, seven years after the formal implementation of the IFRS-based model.
Findings: Evidence suggests enduring problems but mostly a significant level of legitimation and institutionalization of the IFRS-based model: (i) the perceived motivations for SNC adoption are a good fit with the theoretically acknowledged motivations underlying accounting convergence; (ii) the principle-based standards and the fair value were largely perceived favorably; and (iii) the IFRS-based model brought about a number of benefits as expected ex ante.
Implications: Findings shed light on the potential of the IFRS model to conform to countries whose accounting systems are remarkably disparate - as it was in Portugal - and offer an agenda for regulators and local and international policymakers.
Originality/Value: This study contributes to the accounting literature on IFRS adoption by providing empirical evidence from a European country that posited an a priori adverse context. (original abstract)
Czasopismo
Rocznik
Tom
Numer
Strony
81--98
Opis fizyczny
Twórcy
autor
- Instituto Politécnico de Viana do Castelo
autor
- Instituto Politécnico de Viana do Castelo
autor
- Portugal and University of Minho, Braga
Bibliografia
- Alawattage, C. and Alsaid, L.A. (2018). Accounting and structural reforms: A case study of Egyptian electricity. Critical Perspectives on Accounting, 50, 15-35, https://doi.org/10.1016/j.cpa.2017.09.001.
- Albu, C.N., Albu, N. and Alexander, D. (2014). When global accounting standards meet the local context-Insights from an emerging economy. Critical Perspectives on Accounting, 25(6), 489-510, http://dx.doi.org/10.1016/j.cpa.2013.03.005.
- Albu, N., Albu, C.N. and Gray, S.J. (2020). Institutional Factors and the Impact of International Financial Reporting Standards: The Central and Eastern European Experience. Accounting Forum, https://doi.org/10.1080/01559982.2019.1701793.
- Ball, R. (2006). International Financial Reporting Standards (IFRS): pros and cons for investors. Accounting and Business Review, 36 (Special Issue), 5-27, https://doi.org/10.1080/00014788.2006.9730040.
- Ball, R. (2016). IFRS - 10 years later. Accounting and Business Research, 46(5), 545-571, https://doi.org/10.1080/00014788.2016.1182710.
- Beckert, J. (1999). Agency, entrepreneurs, and institutional change. The role of strategic choice and institutionalized practices in organizations. Organization studies, 20(5), 777-799, https://doi.org/10.1177/0170840699205004.
- Burns, J. and Scapens, R. (2000). Conceptualizing management accounting change: an institutional framework. Management Accounting Research, 11, 3-25, https://doi.org/10.1006/mare.1999.0119.
- Carmona, S. and Trombetta, M. (2008). On the global acceptance of IAS/IFRS accounting standards: The logic and implications of the principles-based system. Journal of Accounting and Public Policy, 27(6), 455-461, https://doi.org/10.1016/j.jaccpubpol.2008.09.003.
- Caria, A.A. and Rodrigues, L.L. (2014). The evolution of financial accounting in Portugal since the 1960s: A new institutional economics perspective. Accounting History, 19(1-2), 227-254, https://doi.org/10.1177/1032373213511319.
- Christensen, H.B., Lee, E., Walker, M. and Zeng, C. (2015). Incentives or standards: What determines accounting quality changes around IFRS adoption? European Accounting Review, 24(1), 31-61, https://doi.org/10.1080/09638180.2015.1009144.
- Deephouse, D.L., Bundy, J., Tost, L.P. and Suchman, M.C. (2017). Organizational legitimacy: Six key questions. In: R. Greenwood, C. Oliver, T. Lawrence and R. Meyer (eds.), The Sage Handbook of Organizational Institutionalism (pp. 27-54). Thousand Oaks, CA: Sage.
- Dillard, J.F., Rigsby, J.T. and Goodman, C. (2004). The making and remaking of organization context, Duality and the institutionalization process. Accounting Auditing and Accountability Journal, 17(4), 506-542, https://doi.org/10.1108/09513570410554542.
- DiMaggio, P.J. (1988). Interest and agency in institutional theory. In: L.J. Zucker (ed.), Institutional patterns and organizations. Culture and environment (pp. 3-21). Cambridge: Ballinger.
- DiMaggio, P.J. and Powell, W.W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48, 147-160, https://doi.org/10.2307/2095101.
- Ding, Y., Hope, O.K., Jeanjean, T. and Stolowy, H. (2007). Differences between domestic accounting standards and IAS: Measurement, determinants and implications. SSRN Electronic Journal, 26(1), 1-38, https://doi.org/10.1016/j.jaccpubpol.2006.11.001.
- Dyląg, R. and Kucharczyk, M. (2010). The issue of reporting in small and medium-sized entities (SMEs) in the light of the International Financial Reporting Standard (IFRS) for SME. Journal of Management and Business Administration. Central Europe, 18(6).
- Ellis, P. (2017). Language of research (part 12) - research methodologies: grounded theory. 13(1), 102, https://doi.org/10.1108/eb026919.
- Guerreiro, M.S., Rodrigues, L.L. and Craig, R. (2012). Voluntary adoption of International Financial Reporting Standards by large unlisted companies in Portugal-Institutional logics and strategic responses. Accounting, Organizations and Society, 37(7), 482-499, https://doi.org/10.1016/j.aos.2012.05.003.
- Järvenpää, M. and Länsiluoto, A. (2016). Collective identity, institutional logic and environmental management accounting change. Journal of Accounting & Organizational Change, 12(2), 152-176, https://doi.org/10.1108/JAOC-11-2013-0094.
- Kraatz, M.S. and Block, E.S. (2017). Institutional Pluralism Revisited. In: R. Greenwood, C. Oliver, T.B. Lawrence and R.E. Meyer (eds.), The Sage handbook of organizational institutionalism. Thousand Oaks, CA: Sage.
- Mahama, H. and Khalifa, R. (2017). Field interviews - process and analysis. In: Z. Hoque, L.D., Parker, M.A. Covaleski and K. Haynes (eds.), The Routledge Companion to Qualitative Accounting Research Methods (pp. 321-338). London: Routledge.
- Meyer, J.W. and Rowan, B. (1977). Institutional organizations: Formal structure as myth and ceremony. American Journal of Sociology, 83(2), 340-363, https://doi.org/10.1086/226550.
- Nurunnabi, M. (2017). Auditors' perceptions of the implementation of International Financial Reporting Standards (IFRS) in a developing country. Journal of Accounting in Emerging Economies, 7(1), 108-133, https://10.1108/JAEE-02-2015-0009.
- Oliver, C. (1991). Strategic Responses to Institutional Processes. Academy of Management Review, 16(1), 145-179, https://doi.org/10.5465/amr.1991.4279002.
- Ribeiro, J. and Scapens, R. (2006). Institutional Theories in management accounting change - Contributions, issues and paths for development. Qualitative Research in Accounting & Management, 3(2), 94-111, https://doi.org/10.1108/11766090610670640.
- Rodrigues, L.L. and Craig, R. (2007). Assessing international accounting harmonization using Hegelian dialectic, isomorphism and Foucault. Critical Perspectives on Accounting, 18, 739-757, https://doi.org/10.1016/j.cpa.2006.02.007.
- Shil, N.C.D., Das, B. and Pramanik, A.K. (2009). Harmonization of Accounting Standards through Internationalization. International Business Research, 2, 194-200.
- Shima, K.M. and Yang, D.C. (2012). Factors affecting the adoption of IFRS. International Journal of Business, 17(3), 276-298.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171590143
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.