Economic Consequences of Global Accounting Convergence: An Experimental Study

Satoshi Taguchi, Masayuki Ueeda, Kazunori Miwa and Satoru Mizutani
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Masayuki Ueeda: School of Business, Aoyama Gakuin University, Japan
Satoru Mizutani: Faculty of Business Administration, Tezukayama University

The Japanese Accounting Review, 2013, vol. 3, 103-120

Abstract: This paper examines whether the movement toward convergence of the International Financial Reporting Standards (IFRS) has ended. The methodology for this research is based on comparative institutional analysis and experimental game theory. In addition,we adopt a 3×3 coordination game because an essential factor of global accounting convergence is the coordination of accounting standards. The results confirm the termination of a movement toward the convergence of IFRS. Namely, our experiments indicate that global accounting convergence toward IFRS may not be successful. This is because some “egoist” countries maintain their initial systems and do not enter long term cooperation.

Keywords: NIA Approach; IFRS; Convergence; Coordination Game; Equilibrium Selection (search for similar items in EconPapers)
JEL-codes: D74 F55 K22 M41 M48 P51 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:kob:tjrevi:dec2013:v:3:p:103-120

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