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A Discussion over IFRS’ Adoption in Islamic Countries

Author

Listed:
  • Stefana Maria Dima

    (Vasile Goldis Western University of Arad)

  • Bogdan Dima
  • Ovidiu Megan

    (West University of Timisoara)

  • Luminiþa Paiusan

    (asile Goldis Western University of Arad)

Abstract

The main objective of this paper is to test a research hypothesis regarding the preference for IFRSs adoption in Islamic countries. The hypothesis has been tested on a dataset of 38 Islamic countries inside the framework of a Discrete and Limited Dependent Variable Model. We have obtained robust evidences of a negative association between IFRSs adoption and the weight of Muslim population. In order to evaluate the robustness of the results we considered as control variable the Index of Economic Freedom. The control variable appears to have a statistically significant positive impact on IFRSs adoption, so full adoption of IFRSs is more likely to occur for countries with a higher degree of economic freedom.

Suggested Citation

  • Stefana Maria Dima & Bogdan Dima & Ovidiu Megan & Luminiþa Paiusan, 2014. "A Discussion over IFRS’ Adoption in Islamic Countries," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 13(1), pages 35-49, March.
    • Handle: RePEc:ami:journl:v:13:y:2014:i:1:p:35-49
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    References listed on IDEAS

    as
    1. Timothy S Doupnik & Stephen B Salter, 1993. "An Empirical test of a Judgemental International Classification of Financial Reporting Practices," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 24(1), pages 41-60, March.
    2. Kamla, Rania, 2009. "Critical insights into contemporary Islamic accounting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 20(8), pages 921-932.
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    More about this item

    Keywords

    Islam; accounting; IFRSs; AAOIFI;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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