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The Impact Of Ifrs Norms On Internal Governance Mechanisms With Regard To Socio-Economic Context

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  • Soumaya HERGLI

    (University of Carthage, Tunisia)

Abstract

The purpose of this paper is to examine the effect of International Financial Reporting Standards IFRS adoption on internal governance mechanisms with regard to socio-economic context. Empirical investigation was conducted to assess whether a company and an individual specifications can be presented as part of a general pattern. The results confirm that IFRS framework has introduced a new design of the accounting formalism facing a more complex activity leading to enlargement the discretionary space. Socio-economic factors explain perfectly the corporate governance behaviors and confirmed that the less powerful members of our firms sample expect and accept that power is distributed unequally, the leaders prefer to act as individuals rather than as members of groups, the management positions are generally held by men than by women, these members are threatened by ambiguous or unknown situations and finally, managers stand for the fostering in a society of pragmatic virtues oriented to future rewards, in particular perseverance, thrift and adapting to changing circumstances.

Suggested Citation

  • Soumaya HERGLI, 2016. "The Impact Of Ifrs Norms On Internal Governance Mechanisms With Regard To Socio-Economic Context," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 243-263, November.
    • Handle: RePEc:aio:manmar:v:xiv:y:2016:i:2:p:243-263
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    More about this item

    Keywords

    IFRS; internal governance mechanisms; socio-economic factors;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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