The preparedness of companies to adopt International Financial Reporting Standards: Portuguese evidence

Marta Silva Guerreiro, Lúcia Lima Rodrigues and Russell Craig

Accounting forum, 2008, vol. 32, issue 1, 75-88

Abstract: This paper uses ordinal regression, structural equation modelling, and multivariate analysis techniques to investigate the preparedness to adopt IFRS that was exhibited by listed Portuguese companies in August 2003. We find the level of preparedness was significantly associated with company size, commercial internationalization, audit by a ‘Big 4’ accounting firm, and profitability. Our findings will help to indicate the pre-conditions that are likely to spur lagging companies (and countries) to prepare to implement IFRS.

Keywords: International Financial Reporting Standards; Harmonization; Compliance; Adoption; Portugal (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:accfor:v:32:y:2008:i:1:p:75-88

DOI: 10.1016/j.accfor.2007.11.001

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