A Qualitative Comparative Approach to the Adoption of International Financial Reporting Standards (IFRS) in Africa

53 Pages Posted: 19 Jul 2017

See all articles by Solomon George Zori

Solomon George Zori

Erasmus University

Konan Seny Kan

University of Otago; University of Otago

Date Written: June 26, 2017


The last two decades has witnessed an unprecedented number of countries adopting international financial reporting standards (IFRS). Studies on the reasons for their popularity and adoption by countries have leaned towards statistical approaches, which may or may not necessarily be conclusive in explaining the cross-sectional variations in the reasons countries adopt the standards especially from developing countries. Common to this inconclusive literature so far is the monocausal rationale underlying conditions (pathways) leading to the adoption of IFRS. To reconcile these conclusions this article employs Qualitative Comparative Analysis (QCA) methodology to study the adoption/non-adoption of IFRS by African countries. In contrast to work predicated on assumptions of causal homogeneity and causal competition on policy adoption, the results of the study reveals that multiple combinations of conditions lead to adoption/non-adoption of IFRS in Africa. This article contributes to the literature by suggesting greater leverage than current empirical studies in discerning the incentives facilitating or hindering African countries with regard to IFRS adoption/non-adoption.

Keywords: Africa; IFRS; Adoption; Non-Adoption; QCA; Necessity Analysis; Sufficiency Analysis; Causal Complexity; Configurational Analysis

Suggested Citation

Zori, Solomon George and Seny Kan, Konan Anderson, A Qualitative Comparative Approach to the Adoption of International Financial Reporting Standards (IFRS) in Africa (June 26, 2017). Available at SSRN: https://ssrn.com/abstract=2992501 or http://dx.doi.org/10.2139/ssrn.2992501

Solomon George Zori (Contact Author)

Erasmus University ( email )

Burgemeester Oudlaan 50
Rotterdam School of Management
Rotterdam, South Holland 3062 PA
+31 (0)10 408 1817 (Phone)

HOME PAGE: http://https://www.rsm.nl/people/solomon-zori/

Konan Anderson Seny Kan

University of Otago ( email )

PO Box 56
Dunedin, 9054
New Zealand

University of Otago ( email )

60 Clyde St, North Dunedin
Dunedin 9016
Dunedin, Otago 9016
New Zealand

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