Evaluating the International Financial Reporting Standards (IFRS) adoption in developing countries: an institutional theory review
Year: 2024
Type: article
Abstract: Due to the rising globalization over the last three decades, several nations are searching for internationally standardized financial reporting rules. More uniformity in financial reporting is now desired. The application of institutional theory can lead to a better comprehension of how IFRS Standards are implemented; however, it has been demonstrated that institutional features have a significant influence on social conduct and are hence crucial in characterizing the emerging countries. It follows that it seems reasonable to infer that developing nations would adopt IFRS for objectives beyond economic ones. The goal of the current study is to conduct a review of the institutional theory literature with a focus on investigating the application of IFRS in developing countries; particularly the relationships among this theory. A systematic review of the literature was the approach employed, and the main papers were discovered utilizing the following databases: books, the most cited publications, and the Web of Science. Consequently, in the context of accounting systems for developing countries, this research will provide an opportunity to support further studies that foster a greater appreciation for the theoretical contributions' capacity to determine the institutional structure of change procedures associated with the adoption of IFRS.
Author: Omar ALHATO
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6990991810
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