The Reasons for the Adoption of IFRS: Economic or Institutional?

Důvody pro přijetí IFRS: ekonomické nebo institucionální?

Dana Kovanicová

Český finanční a účetní časopis, 2010, vol. 2010, issue 4, 90-95

Abstract: Some countries take IFRS without hesitation, the other accept them only in part or even prevent their acceptance. Judge at al. (2010) concluded that the degree of which IFRS are included within national economies, is the resultant of load pressure exerted by the institutions: this pressure can be coercive, imitative or normative. The discussion on article aims to confirm that the process of adopting IFRS is controlled by the pressure of the official institutions rather than by economic efficiency for those entities who implement IFRS. On the other hand, the authors' opinion, that more attention was attached to the consequences of the adoption of IFRS than to the reasons for their adoption, is controversial. As regards the European Union we can demonstrate that the costs and benefits associated with the implementation of IFRS is absolutely insufficient.

Keywords: Corporate Governance; IFRS Adoption; Institutional theory; Řízení a správa společnosti; Přijetí IFRS; Institucionální teorie (search for similar items in EconPapers)
JEL-codes: G30 M41 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.18267/j.cfuc.89

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