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Some Observations on Research on the Benefits to Nations of Adopting IFRS

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  • Philip Brown

    (Australian School of Business, The University Of New South Wales (UK) and Business School, The University Of Western Australia (Australia))

Abstract

This paper has three aims: to summarise, briefly, key findings of research on the benefits of adopting International Financial Reporting Standards (IFRS); to highlight some of the more challenging aspects of this research; and to identify opportunities for future research. In order to fulfil these aims, I address five related questions: What is the role of accounting standards in an economy? What reasons have been given by governments,their advisors, and their respective business communities for switching from domestic accounting standards to IFRS? What benefits have been reported following the change to IFRS? What else will help to maximise any benefits from adopting IFRS? And how can we researchers do a better job when assessing the benefits from IFRS?

Suggested Citation

  • Philip Brown, 2013. "Some Observations on Research on the Benefits to Nations of Adopting IFRS," The Japanese Accounting Review, Research Institute for Economics & Business Administration, Kobe University, vol. 3, pages 1-19, December.
    • Handle: RePEc:kob:tjrevi:dec2013:v:3:p:1-19
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    Cited by:

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    2. Akisik, Orhan & Gal, Graham, 2023. "IFRS, financial development and income inequality: An empirical study using mediation analysis," Economic Systems, Elsevier, vol. 47(2).
    3. Isabel Costa Lourenço & Raquel Sarquis & Manuel Castelo Branco & Nuno Magro, 2018. "International Differences in Accounting Practices Under IFRS and the Influence of the US," Australian Accounting Review, CPA Australia, vol. 28(4), pages 468-481, December.
    4. Miriam Koning & Gerard Mertens & Peter Roosenboom, 2018. "Drivers of institutional change around the world: The case of IFRS," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(3), pages 249-271, April.
    5. Margarita Legenkova, 2016. "International Public Sector Accounting Standards Implementation in the Russian Federation," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1304-1309.
    6. Ademola Abimbola O. & Ben-Caleb E. & Madugba Joseph U. & Adegboyegun Adekunle E. & Eluyela Damilola F., 2020. "International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 434-446, January.

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    More about this item

    Keywords

    Accounting Standards; IFRS; Agency Costs; Benefits of IFRS; Research Opportunities;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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