A Neo-institutionalist Model of the Diffusion of IFRS Accounting Standards

Dufour, Dominique; Teller, Pierre; Luu, Philippe

doi:10.1007/s10614-013-9384-9

Cited by 14 publications

(21 citation statements)

References 26 publications

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“…They have been identified as one of many international forces behind the process of harmonisation of accounting standards and are the backbone of globalized business. Dufour et al (2014) examined the forces leading an agent (in this case an organisation providing standards for accounting) to adopt, at a given moment, new standards (IFRS). They found that "The two most significant isomorphisms in the simulation are coercive and normative isomorphisms […].…”

Section: Normative Isomorphismmentioning

confidence: 99%

Auditors’ perceptions of the implementation of International Financial Reporting Standards (IFRS) in a developing country

Nurunnabi

2017

JAEE

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Purpose The International Financial Reporting Standards (IFRS) have been adopted by 140 countries around the globe, including the G20 countries. Most of the prior literature focuses on adoption issues in developed countries. Due to the paucity of research on implementation issues in developing countries, the purpose of this paper is to explore the impediments of IFRS implementation in a developing country from 1998 to 2014 based on the auditors’ perceptions and documentary analyses. Design/methodology/approach Three rounds of interviews (2010, 2012, and 2014) from a total of 75 auditors (including 12 internal auditors and 13 external auditors) were conducted and enforcement documents from 1998 to 2010 were evaluated. The purpose of the three rounds of interviews was to explore the reflection on the changes which the interviewees have experienced over a five-year period. Findings Using institutional isomorphism, the results suggest that policy makers should focus on several factors to implement IFRS effectively, including low audit fees, a lack of qualified accountants, a lack of interest in IFRS by managers of some companies, a culture of secrecy, and a family-based private sector. Surprisingly, chartered accountancy firms are able to continue their work because of a culture of non-punishment for violating rules and the absence of any reliable exercising of due care or professional ethics in Bangladesh. Regulators such as the Bangladesh Securities and Exchange Commission (BSEC) and the Institute of Chartered Accountants of Bangladesh are not inclined to enforce actions against corrupt chartered accountant firms. This raises question about the professional integrity of auditors as well as regulators. Unlike, Albu et al. (2011) (World Bank as coercive) and Hassan et al. (2014) (western influence as coercive), the findings of this study imply that coercive isomorphism (regulatory authorities in Bangladesh) should be more proactive to ensure a successful implementation of IFRS. Research limitations/implications This study has some limitations, including transcribing information from Bengali to English and some enforcement documents were not available on the BSEC website. This last limitation is mitigated by the fact that a substantial number of enforcement releases (1,647 enforcement notices for a 13-year period) are analysed and three rounds of interviews were conducted. Originality/value The findings of this study contribute to, and advance the incremental knowledge of IFRS implementation issues and auditing literature in a developing country’s experience to policy makers (e.g. World Bank, IMF, Basel Committee, G20, IOSCO, and IFAC). The findings may be generalised to other developing countries that are facing effective implementation of IFRS.

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Section: Normative Isomorphismmentioning

confidence: 99%

Auditors’ perceptions of the implementation of International Financial Reporting Standards (IFRS) in a developing country

Nurunnabi

2017

JAEE

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“…The concept which best defines understanding of the process of homogeneous organizational behaviour is isomorphism. This process is characteristic and relevant as an information source to understand the way that organizations share specific equivalent organizational behaviour, although undergoing frequent alterations (Dimaggio & Powell, 1983;Dufour, Teller & Luu, 2014;Smith, Couchman & Beran, 2014). According to Barreto and Baden-Fuller (2006), mimetic isomorphism leads to similar results.…”

Section: Theoretical Frameworkmentioning

confidence: 98%

“…The concept of institutional isomorphism is a beneficial instrument to cover the policy and the ceremonial peculiarities which intermediate an important element of contemporary organizational life. Therefore, for Dimaggio and Powell (2005), adopting the characteristics of other organizations as an example is the representation of the response to uncertainty (Dufour, Teller & Luu, 2014;Kung, Cegielski, & Kung, 2015).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

“…Universities, training centres and trade associations play a fundamental role in the technical training of professionals from a specific area. Disseminating patterns of behaviour and procedural regulations to these professionals assists toward normative isomorphism (Barreto & Baden-Fuller, 2006;Gimenez, Hayashi, & Grave, 2007;Dufour, Teller & Luu, 2014;Smith, Couchman & Beran, 2014). The uncertainties which currently surround activities and the lack of available human resource knowledge facilitate the emersion of mimetic isomorphism, in which organizations tend to reproduce market best practices.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

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Cost Management in Micro and Small Companies in the Mining Sector

Guidi

Morgan

Montebelo

et al. 2018

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According to Sebrae, micro and small companies represented 27% of the GDP in 2011 and 98.5% of all private companies in 2015. Despite this importance, in most cases they do not have employees with extensive cost management knowledge and the management practices of large companies are also repeated in them. Therefore, the aim of this paper is to analyze the operability of cost management at the micro and small companies that act in the mining and processing of dimension stones sector, searching for emphases on the presence of isomorphism. One hundred and sixty-two (162) companies were investigated in order to operationalize this study. A structured questionnaire was used as a data collection procedure. Three different approaches were used in the statistical analysis of the collected data: descriptive statistics; the Mann-Whitney U test and Fisher’s exact test, and confirmatory and exploratory factor analysis. The results show the presence of mimetic isomorphism in the cost management practices of the companies researched. The research is limited to the sample, therefore, its findings can not be generalized. Based on this study, it was observed that future research should further develop the characterization of this economic phenomenon and study which resources would be required to improve management cost in micro and small companies in the analyzed segment. This is the first work that found the presence of mimetic isoformism among micro and small companies in the mining sector.

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“…This similarity is a result of a professionally trained workforce who impacts the practices in the companies where they work (Boons & Strannegard, 2000). In fact, normative isomorphism stems from the professional practices of the managers responsible of the companies; managers obtain similar training and transmit the values from this training within companies (Dufour, Teller, & Luu, 2014).…”

Section: Neo-institutional Theorymentioning

confidence: 99%

Corporate Social Responsibility in Multinational Companies Based in Lebanon: Exploring the Role of Managers’ Individual and Situational Factors in Institutionalizing CSR

Eid¹

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In a world that is becoming more unstable the implementation of CSR activities is changing. CSR started at the corporate level in a context that firm behaviour should move away from a concentration on profit seeking. Multinational companies (MNCs) must take responsibility for contributing (or not) to the progress of society, environment, and economy in developing countries as some large MNCs can have more economic and social power than governments (Garriga & Mele, 2004). Understanding how MNCs execute corporate social responsibility (CSR) in diverse and developing countries worldwide is still at an early stage, (Hah & Freeman, 2014). Microfoundational studies are vital because the understanding of how communication, cognition, and behaviour at micro-levels influence and are influenced by higher-level structures then permits researchers to develop a better understanding of diversity in institutional results. This study explores the practice of CSR through exploratory qualitative interviews using Lebanon as a case study. A major contribution is that the levels of CSR engagement are impacted by institutional theory. The microfoundations are thus institutional work, becoming institutional entrepreneurship at the meso level using that as a way to legitimize their operations in Lebanon. Macro and meso level aspects are developed from these CSR microdynamics. It also discusses how people who work in Lebanon make sense of CSR using an identified centrifugal approach and tailoring processes to suit the religious and social context.

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A Neo-institutionalist Model of the Diffusion of IFRS Accounting Standards

Cited by 14 publications

References 26 publications

Auditors’ perceptions of the implementation of International Financial Reporting Standards (IFRS) in a developing country

Auditors’ perceptions of the implementation of International Financial Reporting Standards (IFRS) in a developing country

Cost Management in Micro and Small Companies in the Mining Sector

Corporate Social Responsibility in Multinational Companies Based in Lebanon: Exploring the Role of Managers’ Individual and Situational Factors in Institutionalizing CSR

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