Nguyen, N.G.; Nguyen, N.T. Determinants of Voluntary International Financial Reporting Standards Application: Review from Theory to Empirical Research. J. Risk Financial Manag.2023, 16, 485.
Nguyen, N.G.; Nguyen, N.T. Determinants of Voluntary International Financial Reporting Standards Application: Review from Theory to Empirical Research. J. Risk Financial Manag. 2023, 16, 485.
Nguyen, N.G.; Nguyen, N.T. Determinants of Voluntary International Financial Reporting Standards Application: Review from Theory to Empirical Research. J. Risk Financial Manag.2023, 16, 485.
Nguyen, N.G.; Nguyen, N.T. Determinants of Voluntary International Financial Reporting Standards Application: Review from Theory to Empirical Research. J. Risk Financial Manag. 2023, 16, 485.
Abstract
The purpose of this study is to elucidate the factors influencing the voluntary adoption of IFRS by examining, analyzing, and synthesizing findings from empirical studies conducted worldwide. The research scrutinizes 185 relevant studies on the voluntary adoption of IFRS published before August 2023. Our assessment reveals that, in prior research, the factors influencing the voluntary adoption of IFRS are categorized into seven main factors, including corporate operations, capital structure, ownership structure, internationalization, financial performance, corporate governance, and several other factors. These studies employ various methodologies, including data surveys, and cross-sectional data, to estimate the relationships between these factors and the voluntary adoption of IFRS. In addition to providing an evaluation of the research in this field, this study can serve as a framework for future researchers to link and compare the results of different studies. We anticipate that this research will be beneficial for future scholars interested in the factors influencing the voluntary adoption of IFRS. Furthermore, the study proposes essential guidance for future research considerations.
Keywords
IFRS; Literature review; Voluntary adoption
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
