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- Title
Insights into accounting choice from the adoption timing of International Financial Reporting Standards.
- Authors
Stent, Warwick; Bradbury, Michael E.; Hooks, Jill
- Abstract
This paper collects survey evidence on the costs and benefits of adopting International Financial Reporting Standards ( IFRS). It also examines the motivations for the timing of IFRS adoption. Significant differences exist between early and late adopters for three of nine benefits and for one of six cost measures. No significant differences exist in terms of firm size or the impact of IFRS on contracts. Early adopters perceive themselves as market leaders. They are more certain about the manageability of implementing IFRS and are more specific with regard to the impact of IFRS adoption. Late adoption decisions are motivated by adverse consequences and uncertainty.
- Subjects
INTERNATIONAL Financial Reporting Standards; ACCOUNTING; BUSINESS planning; BUSINESS size; CONTRACTS
- Publication
Accounting & Finance, 2017, Vol 57, p255
- ISSN
0810-5391
- Publication type
Article
- DOI
10.1111/acfi.12145