Accounting standards convergence dynamics: International evidence from club convergence and clustering
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AbstractThis paper aims to explore convergence of accounting standards across worldwide adopted measures to investigate whether countries that have not completely adopted International Accounting Standards across the globe have displayed a tendency to act so. The new panel convergence methodology, developed by Phillips and Sul (2007), is employed. The empirical findings suggest that countries form distinct convergent clubs, albeit on a limited prevalence, yielding support to the notion that on a global basis firms and countries have initiated processes that will eventually lead them to a uniform pattern of employing common accounting standards.
CitationApergis, N., Christou, C. and Hassapis, C., (2014).’Accounting standards convergence dynamics: International evidence from club convergence and clustering’. Accounting Research Journal, 27(3), pp.226-248. DOI: 10.1108/ARJ-06-2013-0031.
JournalAccounting Research Journal
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