When global accounting standards meet the local context—Insights from an emerging economy

Cătălin Nicolae Albu, Nadia Albu and David Alexander

CRITICAL PERSPECTIVES ON ACCOUNTING, 2014, vol. 25, issue 6, 489-510

Abstract: We investigate the translation and application of global accounting standards in a local context, with Romania as our country case study. Our theoretical framework is derived from institutional theory. We develop this by complementing isomorphism (DiMaggio and Powell, 1983) with an emphasis on the behavior of actors and with the different strategic responses that organizations enact as a result of the institutional pressures toward conformity, following Oliver (1991). We contend that local actors play a more important role in triggering organizational responses than is implied by Oliver's (1991) framework in the application of International Financial Reporting Standards (IFRS). This is because organizational responses to these global standards are conditioned by the interplay between actors, who are searching for legitimacy and the attainment of their own (mutually conflicting) interests.

Keywords: Critical; Social; Accountability; IFRS; Institutional theory; Critique; Social; Redevabilité, Responsabilité; 批判性; 社会的; 问责; Crítica; Social; Rendición de cuentas (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:crpeac:v:25:y:2014:i:6:p:489-510

DOI: 10.1016/j.cpa.2013.03.005

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