Factors influencing the adoption of IFRS in the MENA region: A neo-institutional approach

Abdulbaset Ab. Klish, Moade Shubita, Kamil Omoteso and Junjie Wu

Journal of International Accounting, Auditing and Taxation, 2025, vol. 58, issue C

Abstract: This study examines the factors shaping the choices of countries in the Middle East and North Africa (MENA) region in adopting International Financial Reporting Standards (IFRS), using a neo-institutional isomorphism framework. Analyzing data from 19 countries spanning two decades (1996–2015) and comprising 380 country-year observations, this research reveals that internal coercive and mimetic institutional pressures are key influencers behind IFRS adoption in the region. Specifically, governance quality improvement and openness to international trade emerge as crucial determinants. This highlights the predominant role of social and political contexts over economic motivations in driving IFRS adoption in the MENA region. Furthermore, the findings indicate that foreign aid and internal accounting have minimal impact on IFRS adoption in the region.

Keywords: IFRS adoption; Institutional isomorphic pressure; Neo-institutional approach; MENA region (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:58:y:2025:i:c:s1061951824000806

DOI: 10.1016/j.intaccaudtax.2024.100674

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