The Regional Influences of New Accounting Standards - Institutional Economics Analysis

Journal of Asian Business Studies

Posted: 2 Nov 2007 Last revised: 23 Apr 2010

See all articles by Jidong Zhang

Jidong Zhang

Winona State University

Liyan Wang

Peking University - Guanghua School of Management

Abstract

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

Zhang, Jidong and Wang, Liyan, The Regional Influences of New Accounting Standards - Institutional Economics Analysis. Journal of Asian Business Studies. Available at SSRN: https://ssrn.com/abstract=1026885

Jidong Zhang (Contact Author)

Winona State University ( email )

Winona, MN 55987
United States

Liyan Wang

Peking University - Guanghua School of Management ( email )

Peking University
Beijing, Beijing 100871
China

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