Search results

This study aims to analyse the drivers of the shift towards the global adoption of International Financial Reporting Standards (IFRS) in 23 non-European Union countries over the period from 2001 to 2019.

This study used various panel data models, including fixed effects panel Logit and Probit models for IFRS adoption status, and ordered panel data models for examining the extent and timing of IFRS adoption, accommodating the multifaceted nature of the dependent variable.

The results suggest that countries with a high Anglo-Saxon cultural background, human development and strong legal enforcement, particularly in controlling corruption, are more likely to adopt IFRS fully and early. Notably, the extent of business disclosure in these countries impacts IFRS adoption status but does not significantly affect the extent or timing of adoption. Surprisingly, the findings reveal that countries with higher financial openness are less likely to adopt IFRS.

These results are relevant to standard setters and regulators in countries on the verge of adopting IFRS who are interested in financial, institutional and cultural factors and their impacts on IFRS adoption.

This research stands out for its emphasis on the pivotal role of cultural and institutional nuances in shaping the trajectory of IFRS adoption within non-European Union countries, thereby broadening the accounting discourse.

The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams and future research directions in SFA.

The results are obtained using bibliometric citation analysis and content analysis to conduct a bibliometric review of the intersection of sustainable finance and sustainable accounting using a sample of 795 articles published between 1991 and November 2023.

The most influential factors in the SFA literature are identified, highlighting three primary areas of research: corporate social responsibility and environmental disclosure; financial and economic performance; and regulations and standards.

SFA has experienced rapid development in recent years. The results identify the current research domain, guide potential future research directions, serve as a reference for SFA and provide inspiration to policymakers.

SFA typically encompasses sustainable corporate business practices and investments. This study contributes to broader social impacts by promoting improved corporate practices and sustainability.

This study expands on previous research on SFA. The authors identify significant aspects of the SFA literature, such as the most studied nations, leading journals, authors and trending publications. In addition, the authors provide an overview of the three major streams of the SFA literature and propose various potential future research directions, inspiring both academic research and policymaking.