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The preparedness of companies to adopt International Financial Reporting Standards: Portuguese evidence

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  • Marta Silva Guerreiro
  • Lúcia Lima Rodrigues
  • Russell Craig

Abstract

This paper uses ordinal regression, structural equation modelling, and multivariate analysis techniques to investigate the preparedness to adopt IFRS that was exhibited by listed Portuguese companies in August 2003. We find the level of preparedness was significantly associated with company size, commercial internationalization, audit by a ‘Big 4’ accounting firm, and profitability. Our findings will help to indicate the pre-conditions that are likely to spur lagging companies (and countries) to prepare to implement IFRS.

Suggested Citation

  • Marta Silva Guerreiro & Lúcia Lima Rodrigues & Russell Craig, 2008. "The preparedness of companies to adopt International Financial Reporting Standards: Portuguese evidence," Accounting Forum, Taylor & Francis Journals, vol. 32(1), pages 75-88, March.
    • Handle: RePEc:taf:accfor:v:32:y:2008:i:1:p:75-88
    DOI: 10.1016/j.accfor.2007.11.001
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    Cited by:

    1. Omar Alhato & Alexandra Botoş, 2021. "Case Study Of The Origin And The Evolution Of Accounting Systems Regarding To The Harmonization Of International Financial Reporting Standards (Ifrs) In Jordan And Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 156-163, July.
    2. Jonas da Silva Oliveira & Graca Maria do Carmo Azevedo & Marta Jose Ferreira Oliveira & Sandra Gabi Marques de Almeida, 2015. "The Accounting Standardization System in Portugal and Its First-Time Adoption Effects in the Olive and Cork Tree Cultures," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 1(2), pages 132-150, June.
    3. Guerreiro, Marta Silva & Rodrigues, Lúcia Lima & Craig, Russell, 2012. "Factors influencing the preparedness of large unlisted companies to implement adapted International Financial Reporting Standards in Portugal," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 21(2), pages 169-184.
    4. Sara Paralta, 2014. "Accounting Standards and Market Value of Firms with Pension Plans," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(11), pages 31-42, November.
    5. Alberto Quagli & Elisa Roncagliolo & Gabriele D’Alauro, 2021. "The preparedness to adopt new accounting standards: a study of European companies on the pre-adoption phase of IFRS 15," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 18(3), pages 290-303, September.
    6. Gabriele Guggiola, 2010. "IFRS Adoption in the E.U., accounting harmonization and market efficiency: a review," Economics and Quantitative Methods qf1002, Department of Economics, University of Insubria.
    7. Sara Paralta, 2014. "Accounting Standards and Market Value of Firms with Pension Plans," International Journal of Business and Social Research, LAR Center Press, vol. 4(11), pages 31-42, November.
    8. katia Corsi & Daniela Mancini, 2015. "Regulatory compliance of financial control systems and its implications for accountants. Some evidence from Italian experience," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2015(3), pages 65-91.

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