What type of microfinance institutions comply with International Financial Reporting Standards?
Magloire Nya Tchatchoua,
Isabelle Pignatel and
Hubert Tchakoute Tchuigoua
No 19-012, Working Papers CEB from ULB -- Universite Libre de Bruxelles
What are the characteristics of microfinance institutions (MFIs) that choose to draft their financial statements according to international accounting standards? That is the question this article investigates. We study a pooled sample of 5,290 audited financial statements from 2007 to 2015 and find consistent evidence that the institutional framework, for-profit status, and maturity, are likely to drive the MFIs choice to comply with international financial reporting standards. Results are robust after controlling for whether MFIs operate in a country where IFRS are permitted or required.
Keywords: IFRS; Microfinance; Audit (search for similar items in EconPapers)
JEL-codes: G21 G34 L31 M42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-ban, nep-bec and nep-mfd
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