Amal Yamani and Adel Almasarwah
This study aims to explore and identify the factors that affect Saudi Arabia's decision concerning the adoption of International Financial Reporting Standards (IFRS), and…
Abstract
Purpose
This study aims to explore and identify the factors that affect Saudi Arabia's decision concerning the adoption of International Financial Reporting Standards (IFRS), and particularly the resistive factors that delay full IFRS adoption. It identifies the way in which Saudi Arabia’s social, political, educational and religious context influence the adoption of IFRS and the delay in doing so.
Design/methodology/approach
A mixed methodology is used in this research, including both quantitative (questionnaires) and qualitative (semi-structured interviews) data analysis. Whereas, using mixed methods led to enhance the results.
Findings
The findings show that globalisation, accounting bodies and political circumstances were found to be positively related to IFRS adoption in Saudi Arabia. In contrast, culture and accounting development were found to have a negative impact on the IFRS adoption. Interestingly, the results showed that religion has no effect on IFRS adoption in Saudi Arabia.
Practical implications
This paper can be of use to both researchers and practitioners interested in investigating more resistive factors that could affect future IFRS adoption in developing countries. Moreover, the findings could be useful to senior managers and legislators in Saudi Arabia firms, in relation to decisions about enhancing the quality of adopting IFRS.
Originality/value
This research provides an important contribution to the existing literature by using a comparative method to present an in-depth exploration of the factors that affect countries, drawing on the framework of the neo-institutional perspective in a developing country.
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Amal Yamani, Khaled Hussainey and Khaldoon Albitar
This study aims to investigate the impact of financial instrument disclosures under the International Financial Reporting Standard (IFRS) 7 on the cost of equity capital (COEC).
Abstract
Purpose
This study aims to investigate the impact of financial instrument disclosures under the International Financial Reporting Standard (IFRS) 7 on the cost of equity capital (COEC).
Design/methodology/approach
The sample consists of 56 banks listed in the Gulf cooperation council (GCC) stock markets over 7 years from 2011 to 2017. A self-constructed index is used to measure the compliance level in addition to quantitative methods and panel data regression adopted to test the research hypotheses.
Findings
The authors find that the compliance level with IFRS 7 does not improve from 2011 until 2017 in the GCC banks. The authors also find that compliance with IFRS 7 disclosures reduces the COEC.
Originality/value
The authors also provide new empirical evidence that the level of mandatory financial instruments disclosures under IFRS 7 reduces the COEC. The findings offer policy implications. It shows that compliance with IFRS 7 disclosure requirements leads to desirable economic consequences.
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In 1966, Palestinian writer Ghassan Kanafani coined the term “literature of resistance” through his seminal work “Resistance Literature in Occupied Palestine 1948–1966” (Harlow…
Abstract
In 1966, Palestinian writer Ghassan Kanafani coined the term “literature of resistance” through his seminal work “Resistance Literature in Occupied Palestine 1948–1966” (Harlow, 1987). This genre focuses on depicting experiences of resistance and resilience amidst colonization, often investigating the personal struggles of writers within contexts of injustice and oppression. When created for children and youth, the literature of resistance diverges from that intended for adults due to many reasons. Eventually, this genre aims to engage children with significant societal issues such as patriotism, liberty, disdain for injustice, and the fundamental importance of justice. This chapter explores examples within the realm of children’s literature of resistance, encompassing both stories and novels tailored for young and teenage audiences. The chapter comprises four main sections. Firstly, a comprehensive introduction will elucidate the concept of resistance literature and underscore its scholarly significance. The second part will examine existing literature, highlighting thematic foundations and prevalent discourse within this genre. Subsequently, the third part will outline criteria used to ensure chosen narratives align with the overarching theme of resistance, followed by an examination of selected stories in terms of their literary and narrative aspects. Lastly, the fifth part will detail the dual analytical approach employed to offer a comprehensive understanding of how resistance is conveyed in the chosen narratives and the extent to which these stories fulfill their intended objectives.