Dima, Bogdan and Dima(Cristea), Stefana Maria and Moldovan, Nicoleta and Pirtea, Marilen Gabriel (2010): National legislative systems and foreign standards and regulations: The case of International Financial Reporting Standards adoption.
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This study is focused on the linkages between the legislative families as descriptors of national legislative systems and International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB). We consider such analysis as a case study for the more general issue of explaining the preferences of national regulators in the adoption of foreign norms, rules, standards and practices. By using a dataset of 162 jurisdictions and dummy variables designed to capture the current stage of IFRSs adoption and, respectively, the taxonomy of their legislative systems, we find that a full IFRSs adoption is more likely to occur in countries which have principles-based on legislative mono-systems. In addition, we observe that a strong rule of law, with an effective mechanism of property rights reinforcement, as well as the pre-adoption existence of a pro-growth set of public policies can contribute to the encouragement of IFRSs adoption.
|Item Type:||MPRA Paper|
|Original Title:||National legislative systems and foreign standards and regulations: The case of International Financial Reporting Standards adoption|
|English Title:||National legislative systems and foreign standards and regulations: The case of International Financial Reporting Standards adoption|
|Keywords:||IFRSs adoption• Legislative families|
|Subjects:||K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K49 - Other
M - Business Administration and Business Economics; Marketing; Accounting > M4 - Accounting and Auditing > M49 - Other
|Depositing User:||STEFANA MARIA DIMA|
|Date Deposited:||06. Dec 2010 10:19|
|Last Modified:||15. Feb 2013 09:18|
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