Institutional Theory and IFRS: An Agenda for Future Research

Forthcoming at REFC - Spanish Journal of Finance and Accounting

31 Pages Posted: 27 Jan 2020

See all articles by Marta Silva Guerreiro

Marta Silva Guerreiro

Superior School of Technology and Management Polytechnic Institute of Viana do Castelo

Lúcia Maria Portela de Lima Rodrigues

University of Minho - School of Economics and Management

Russell Craig

affiliation not provided to SSRN

Date Written: January 5, 2020

Abstract

This paper highlights the capacity for Institutional Theory [IT] to render in-depth understanding of change processes associated with the adoption and implementation of international accounting standards by countries and organizations. Although the fact of requiring the adoption of IFRS could be characterized as a form of coercive power, recent developments in IT help to explore the extent to which adoption and diffusion of IFRS is shaped by agency, the interests of actors involved in the adoption process, and the role of institutional entrepreneurs and institutional work. We provide a structured review of literature that uses an IT framework in the context of adopting and implementing IFRS. The review brings together various streams of IT and current debates in the management and organization literature. This allows us to outline an agenda for future research that proposes six new research questions for investigation. These research questions are intended to encourage greater regard for the capacity of the theoretical toolkit of institutional logics to explore institutional entrepreneurship, institutional work, and the institutional dynamics of change processes associated with the adoption, maintenance and disruption of accounting systems.

Keywords: Keywords: Institutional theory, change process, adoption, implementation, IFRS

Suggested Citation

Guerreiro, Marta Silva and Portela de Lima Rodrigues, Lúcia Maria and Craig, Russell, Institutional Theory and IFRS: An Agenda for Future Research (January 5, 2020). Forthcoming at REFC - Spanish Journal of Finance and Accounting, Available at SSRN: https://ssrn.com/abstract=3514499 or http://dx.doi.org/10.2139/ssrn.3514499

Marta Silva Guerreiro (Contact Author)

Superior School of Technology and Management Polytechnic Institute of Viana do Castelo ( email )

Avenida do Atlântico
Viana do Castelo, 4900-348
Portugal

Lúcia Maria Portela de Lima Rodrigues

University of Minho - School of Economics and Management ( email )

Campus Gualtar
Braga, 4710-057
Portugal

Russell Craig

affiliation not provided to SSRN

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