Voluntary adoption of IFRS: A study of determinants for UK unlisted firms

Paul Andre, Peter Walton and Dan Yang
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Peter Walton: ESSEC Business School
Dan Yang: Capital Normal University [Beijing]

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Abstract: We examine the determinants of voluntary adoption of IFRS by medium-to-large UK unlisted firms (8417 firms comprising 287 IFRS firms and 8130 non-IFRS firms in 2009). Analysing voluntary adoption allows us to better understand the cost/benefits of choosing a specific set of accounting standards. Using univariate and multivariate analyses, we find that internationality, leverage, firm size and auditor reputation help explain UK unlisted firms' choice of voluntarily selecting IFRS. Other firm characteristics such as profitability, capital intensity, industry, growth, ownership structure, and employee productivity do not appear to play a significant role in the decision. Additionally, we find that newly incorporated firms a higher probability of adopting IFRS.

Keywords: IFRS; Adoption (search for similar items in EconPapers)
Date: 2012-05-21
Note: View the original document on HAL open archive server: https://hal.science/hal-00935013
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Published in Comptabilités et Innovation, May 2012, France. pp.cd-rom

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