THE IMPACT OF CULTURE AND ECONOMIC FACTORS ON THE IMPLEMENTATION OF IFRS

Rogelio J. Cardona, Karen C. Castro-González and Carmen B. Ríos-Figueroa

Accounting & Taxation, 2014, vol. 6, issue 2, 29-47

Abstract: This paper examines the effects of culture and other economic factors on a country’s decision to implement International Financial Reporting Standards (IFRS). This work extends the previous literature by using a methodology that assigns an implementation score in different countries and its association with Hofstede’s cultural dimensions and economic factors. The results suggest that certain cultural dimensions and economic factors may affect a country’s decision to implement IFRS.

Keywords: International Financial Reporting Standards, Accounting Standards, Implementation, Convergence or Adoption, Cultural Dimensions; Economic Factors (search for similar items in EconPapers)
JEL-codes: F23 F60 M41 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:acttax:v:6:y:2014:i:2:p:29-47

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