Open AccessInstitutional pressures, legitimacy, risks, uncertainty and voluntary adoption of IFRS for SMEs in Vietnam
Author(s) -
Trinh Hiep Thien,
Nguyễn Xuân Hùng
Publication year - 2021
Publication title -
journal of eastern european and central asian research
Language(s) - English
Resource type - Journals
eISSN - 2328-8280
pISSN - 2328-8272
DOI - 10.15549/jeecar.v8i4.744
Subject(s) - business , accounting , legitimacy , international financial reporting standards , flexibility (engineering) , consistency (knowledge bases) , turnover , survey data collection , finance , economics , political science , geometry , mathematics , management , politics , law , statistics
The purpose of this study was to determine the impact of institutional variables, risks, and dependence on the voluntary application of international financial reporting standards. The study used a quantitative research method based on regression analysis, with data obtained from a survey from among Vietnam's small and medium businesses. The findings confirmed that legitimacy, dependence, consistency, time, international trade, uncertainty, operational risk, financial risk, and industry all have a positive impact on the ability to voluntary application international financial reporting standards, with the exception of flexibility, which has a negative impact. The findings of the study have consequences for stakeholders in making proper policy decisions about the application of the International Financial Reporting Standards.