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Applicability of IFRS in Vietnam stock exchange listed companies: Perspective from Theory of Planned Behavior

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  • Nguyen Thi Ngoc Diep

    (Ho Chi Minh City Open University, Vietnam)

Abstract

The research, based upon data collected from 273 enterprises, uses the Theory of Planned Behavior (TPB) to identify and estimate the degree to which factors the ability to apply IFRS in listed non-financial enterprises has been affected. Through Exploratory Factor Analysis (EFA) and multivariate linear regression approach, the research proves that there are four factors placing impacts on IFRS adoption in listed companies in Vietnam. Those are management’s attitude, costs, economic integration, accounting staff’s knowledge and skills. The research results are the foundation for businesses to be fully prepared for the favorable and successful application of IFRS. In addition, the results of this study are also useful references for policy-making agencies and professional associations in promoting IFRS application in Vietnam the next time.

Suggested Citation

  • Nguyen Thi Ngoc Diep, 2021. "Applicability of IFRS in Vietnam stock exchange listed companies: Perspective from Theory of Planned Behavior," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 11(1), pages 109-121.
    • Handle: RePEc:bjw:econen:v:11:y:2021:i:1:p:109-121
    DOI: 10.46223/HCMCOUJS.econ.en.11.1.1237.2021
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    References listed on IDEAS

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    1. Juma Bananuka & Arafat Walugyo Kadaali & Veronica Mukyala & Bruno Muramuzi & Zainab Namusobya, 2019. "Audit committee effectiveness, isomorphic forces, managerial attitude and adoption of international financial reporting standards," Journal of Accounting in Emerging Economies, Emerald Group Publishing Limited, vol. 9(4), pages 502-526, July.
    2. Clement Oppong & Mehmet Aga, 2019. "Economic growth in European Union: does IFRS mandatory adoption matter?," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 14(5), pages 792-808, February.
    3. Moritz Bassemir, 2018. "Why do private firms adopt IFRS?," Accounting and Business Research, Taylor & Francis Journals, vol. 48(3), pages 237-263, April.
    4. Asit Bhattacharyya, 2014. "Managerial attitude and support for social responsibility through the lens of legitimacy theory – a cross country comparison," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 10(4), pages 716-736, September.
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    Keywords

    IFRS; ability of IFRS adoption;

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