IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v26y2013i3p15-30.html
   My bibliography  Save this article

National Legislative Systems and Foreign Standards and Regulations: The Case of International Financialreporting Standards` Adoption

Author

Listed:
  • Bogdan Dima
  • Stefana Dima (Cristea)
  • Nicoleta Claudia Moldovan
  • Marilen Gabriel Pirtead

Abstract

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.

Suggested Citation

  • Bogdan Dima & Stefana Dima (Cristea) & Nicoleta Claudia Moldovan & Marilen Gabriel Pirtead, 2013. "National Legislative Systems and Foreign Standards and Regulations: The Case of International Financialreporting Standards` Adoption," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 26(3), pages 15-30, January.
    • Handle: RePEc:taf:reroxx:v:26:y:2013:i:3:p:15-30
    DOI: 10.1080/1331677X.2013.11517619
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2013.11517619
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2013.11517619?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:26:y:2013:i:3:p:15-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.