Extending the Classification of European Countries by Their IFRS Practices: A Research Note

Accounting in Europe, 12(2), pp. 223-232, 2015.

Posted: 24 Jul 2016

See all articles by Isabel Lourenço

Isabel Lourenço

Lisbon University Institute (ISCTE-IUL); University of São Paulo (USP)

Raquel Sarquis

FEA-USP

Manuel Castelo Branco

University of Porto - Faculty of Economics

Claudio Pais

Instituto Universitário de Lisboa (ISCTE-IUL), Lisboa, Portugal

Date Written: July 23, 2016

Abstract

This paper expands the IFRS accounting systems’ classification proposed by Nobes [(2011). IFRS practices and the persistence of accounting system classification. Abacus, 47(3), 267–283] to a broader set of European countries. The results suggest a classification distinguishing between four groups of European countries, and add to the evidence, reported by Kvaal and Nobes [(2010). International differences in IFRS policy choice. Accounting and Business Research, 40(2), 173–187] and Nobes (2011)., that pre-IFRS accounting differences influence the options adopted by firms. This study contributes to the literature suggesting that the widespread adoption of IFRS has not eliminated the differences between national accounting practices and that accounting systems classification did not lose its relevance.

Keywords: Accounting classifications; Europe; IFRS Practices.

JEL Classification: M41

Suggested Citation

Lourenço, Isabel and Sarquis, Raquel and Branco, Manuel Castelo and Pais, Claudio, Extending the Classification of European Countries by Their IFRS Practices: A Research Note (July 23, 2016). Accounting in Europe, 12(2), pp. 223-232, 2015., Available at SSRN: https://ssrn.com/abstract=2813616

Isabel Lourenço (Contact Author)

Lisbon University Institute (ISCTE-IUL) ( email )

Complexo Indeg/Iscte
Av. Professor Anibal Bettencourt
Lisbon, 1600-189
Portugal

University of São Paulo (USP) ( email )

Brazil

Raquel Sarquis

FEA-USP ( email )

Av. Prof. Luciano Gualberto 908
São Paulo SP, São Paulo 05508-900
Brazil

Manuel Castelo Branco

University of Porto - Faculty of Economics ( email )

Rua Roberto Frias
s/n
4200-464 Porto, 4200-464
Portugal

Claudio Pais

Instituto Universitário de Lisboa (ISCTE-IUL), Lisboa, Portugal ( email )

Av. das Forças Armadas
Lisboa, 1649-026
Portugal
00351 217650527 (Phone)

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