Show simple item record

dc.contributor.authorBooloaky, Pran Kirshansing
dc.contributor.authorOmoteso, Kamil
dc.contributor.authorIbrahim, Masud Usman
dc.contributor.authorAdelopo, Ismail A.
dc.date.accessioned2018-07-27T15:55:18Z
dc.date.available2018-07-27T15:55:18Z
dc.date.issued2018-08-13
dc.identifier.citationBooloaky, P. K. et al (2018) 'The development of accounting practices and the adoption of IFRS in selected MENA countries.', Journal of Accounting in Emerging Economies, DOI: 10.1108/JAEE-07-2015-0052en
dc.identifier.issn20421168
dc.identifier.doi10.1108/JAEE-07-2015-0052
dc.identifier.urihttp://hdl.handle.net/10545/622851
dc.description.abstractPurpose The purpose of this paper is to examine the level of accounting development and the adoption of IFRS in the four foremost economies in the Middle East and North Africa (MENA)—Egypt, Jordan, Libya and UAE. Through the lens of institutional theory, the study investigates the impact of economic, political, legal and cultural institutions on the development of these countries’ accounting practices and their readiness to use IFRS. Design/methodology/approach This research uses accounting development indices obtained from current literature as well as recent World Economic Forum and UNCTAD reports to examine the development of accounting in these MENA countries and their inclination to adopt IFRS. Findings The study identifies a number of impediments to the development of accounting practices and adoption of IFRS in these countries. It also reveals that three of the four MENA countries (Egypt, Jordan and UAE) could be placed on a level playing field with their principal trading partners (the US, the UK, Germany and Italy) given the formers’ business environments, methods of raising finance and levels of professional accounting practices. Research Implications/limitations Although limited to only four jurisdictions, findings from the study have important implications for investors and parties that are interested in improving the value relevance of the information presented by firms especially in a globalised economy with increasing cross-listing. Originality/value This study extends the frontier of knowledge on the development of accounting and IFRS adoption by focusing on the MENA region. It is the first effort that the authors are aware of to adopt such a multifarious approach.
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherEmeralden
dc.relation.urlhttps://emeraldinsight.com/doi/full/10.1108/JAEE-07-2015-0052en
dc.subjectInternational financial reporting standards (IFRS)en
dc.subjectMiddle East and North Africa (MENA)en
dc.subjectAccounting developmenten
dc.titleThe development of accounting practices and the adoption of IFRS in selected MENA countries.en
dc.typeArticleen
dc.contributor.departmentGriffith Universityen
dc.contributor.departmentCoventry Unviversityen
dc.contributor.departmentUniversity of the West of Englanden
dc.identifier.journalJournal of Accounting in Emerging Economiesen
refterms.dateFOA2019-02-28T17:20:24Z
html.description.abstractPurpose The purpose of this paper is to examine the level of accounting development and the adoption of IFRS in the four foremost economies in the Middle East and North Africa (MENA)—Egypt, Jordan, Libya and UAE. Through the lens of institutional theory, the study investigates the impact of economic, political, legal and cultural institutions on the development of these countries’ accounting practices and their readiness to use IFRS. Design/methodology/approach This research uses accounting development indices obtained from current literature as well as recent World Economic Forum and UNCTAD reports to examine the development of accounting in these MENA countries and their inclination to adopt IFRS. Findings The study identifies a number of impediments to the development of accounting practices and adoption of IFRS in these countries. It also reveals that three of the four MENA countries (Egypt, Jordan and UAE) could be placed on a level playing field with their principal trading partners (the US, the UK, Germany and Italy) given the formers’ business environments, methods of raising finance and levels of professional accounting practices. Research Implications/limitations Although limited to only four jurisdictions, findings from the study have important implications for investors and parties that are interested in improving the value relevance of the information presented by firms especially in a globalised economy with increasing cross-listing. Originality/value This study extends the frontier of knowledge on the development of accounting and IFRS adoption by focusing on the MENA region. It is the first effort that the authors are aware of to adopt such a multifarious approach.


Files in this item

Thumbnail
Name:
MENA Final Jan 2018.pdf
Size:
529.5Kb
Format:
PDF
Description:
Accepted Manuscript

This item appears in the following Collection(s)

Show simple item record