The Determinant Factors for the Adoption of IFRS in Africa

• Autorzy: Daniel Schutte , Matthew, Olubayo Omotoso , Merwe Oberholzer

Warianty tytułu

Czynniki decydujące o przyjęciu Międzynarodowych Standardów Sprawozdawczości Finansowej w Afryce

• Języki publikacji: EN

Abstrakty

EN

Many countries worldwide have converted local accounting standards to the International Financial Reporting Standards (IFRS). Although most countries embraced the IFRS, only a few African countries adopted global accounting standards in their current form. This paper extends the literature by investigating potential factors influencing the adoption of IFRS on the African continent and contributes significantly to the current knowledge in the field. The study employs a panel data logistic regression using the random-effects statistical estimation technique to compare African countries that adopted the IFRS to non-adopting countries from 2005 to 2019. The findings suggest that culture, external pressure, investor protection, market capitalisation, and trade openness are the predicted springboards determining African countries' decisions to adopt the IFRS. These findings provide valuable insight for standard-setters, enabling them to effectively promote the IFRS among African countries that have not adopted the IFRS in their current form. (original abstract)

Wiele krajów na całym świecie przekształciło swoje lokalne standardy rachunkowości, przyjmując Międzynarodowe Standardy Sprawozdawczości Finansowej (MSSF). Chociaż większość krajów przyjęła MSSF, tylko kilka krajów afrykańskich przyjęło globalne standardy rachunkowości w ich obecnej formie. Niniejszy artykuł poszerza literaturę przedmiotu poprzez zbadanie potencjalnych czynników wpływających na przyjęcie MSSF na kontynencie afrykańskim i wnosi znaczący wkład w obecną wiedzę w tej dziedzinie. W badaniu zastosowano regresję logistyczną danych panelowych, z wykorzystaniem techniki estymacji statystycznej efektów losowych w celu porównania krajów afrykańskich, które przyjęły MSSF w latach 2005-2019, z krajami, które ich nie przyjęły. Wyniki sugerują, że kultura, presja zewnętrzna, ochrona inwestorów, kapitalizacja rynkowa i otwartość handlowa są przewidywanymi źródłami determinującymi decyzje krajów afrykańskich o przyjęciu MSSF. Wyniki te dostarczają cennych informacji dla podmiotów tworzących standardy, umożliwiając im skuteczne promowanie MSSF w krajach afrykańskich, które nie przyjęły MSSF w ich obecnej formie. (abstrakt oryginalny)

Słowa kluczowe

EN

International Financial Reporting Standard; Panel data; Estimation; Logistic regression; Empirical researches

PL

Międzynarodowe Standardy Sprawozdawczości Finansowej (MSSF); Dane panelowe; Estymacja; Regresja logistyczna; Badania empiryczne

• Czasopismo: Acta Universitatis Lodziensis. Folia Oeconomica
• Rocznik: 2023
• Numer: vol. 2, t. 363
• Strony: 75--97

Twórcy

autor

Daniel Schutte

• North-West University, Potchefstroom, South Africa

autor

Matthew, Olubayo Omotoso

• North-West University, Potchefstroom, South Africa

autor

Merwe Oberholzer

• North-West University, Potchefstroom, South Africa

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Identyfikatory

DOI

https://doi.org/10.18778/0208-6018.363.04