The Regional Influences of New Accounting Standards - Institutional Economics Analysis
Journal of Asian Business Studies
Posted: 2 Nov 2007 Last revised: 23 Apr 2010
The paper investigates the difference influences in developed regions and undeveloped regions with the new accounting standards implementation based on new institutions theory. The findings is that new accounting standards has significant impact on developed regions and no significant impact on undeveloped regions. Similarly, based on new institutions theory, new accounting standards has significant impact on slow growth regions. These findings are based on the first quarter data analysis after new accounting standards began to apply on 1st January, 2007. The conclusions implicate that the results of new accounting standards implementation should be considered before it was implemented and that a new perspective on the processes of policy making was found.
Keywords: accounting standards, institutions, regional difference
JEL Classification: C12, C21, G18, G28
Suggested Citation: Suggested Citation