Factors affecting IFRS adoption in listed companies: Evidence from Vietnam

Management Science Letters Pub Date : 2019-01-01 DOI:10.5267/J.MSL.2019.7.035

T. C. Tran, X. Ha, T. H. Le, Ngoc Tien Nguyen

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引用次数: 19

Abstract

Article history: Received: June 8 2019 Received in revised format: July 8 2019 Accepted: July 21, 2019 Available online: July 23, 2019 Nowadays, The International Financial Reporting Standards (IFRS) have been adopted in more than 160 countries. In fact, most ASEAN countries have adopted IFRS. The studies have noted the benefits of applying IFRS such as: Improving the quality of information on financial statements; Attract capital and enhance business cooperation opportunities, increase competitiveness, international integration in the world market; improve business performance, improve management and information quality; reflecting more reasonable business value; helping countries save cost of drafting, quickly integrate into international accounting standards; improve the quality of human resources in the field of auditing and financial accounting. Vietnam is a member of ASEM, APEC, WTO, AEC, etc. but the country is one of the few countries that has not yet announced an official roadmap for IFRS adoption. So IFRS adoption is necessary to proactively integrate more deeply into the regional and world economy. The Ministry of Finance of Vietnam has planned to adopt IFRS for listed firms, foreign-invested enterprises, public enterprises from 2022. In fact, some firms in Vietnam have voluntarily adopted IFRS as required during the operation process with related parties. This paper aims to identify factors that affect the adopting IFRS in Vietnamese listed firms. The authors used mixed research method by logistic regression model. Data was collected from 154 audited financial statements in 2018. The results show that some financial ratios such as return on equities (ROE) affect to IFRS adoption in listed firms of Vietnam. Therefore, if Vietnamese listed firms need to adopt IFRS effectively in the future, the Ministry of Finance should issue regulations for mandatory IFRS adoption to large firms with high rates of profitable on equity, promoting quality of auditing companies and audit program that are based on IFRS standards. © 2019 by the authors; licensee Growing Science, Canada

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影响上市公司采用国际财务报告准则的因素:来自越南的证据

文章历史:收稿日期:2019年6月8日收稿日期:2019年7月8日接受日期:2019年7月21日在线发布日期:2019年7月23日如今，国际财务报告准则(IFRS)已被160多个国家采用。事实上，大多数东盟国家都采用了国际财务报告准则。这些研究指出了应用国际财务报告准则的好处，例如:提高财务报表信息的质量;吸引资本，增强企业合作机会，提高竞争力，融入国际市场;改善经营业绩，提高管理和信息质量;体现更合理的商业价值;帮助各国节约起草成本，迅速融入国际会计准则;提高审计和财务会计领域的人力资源素质。越南是ASEM, APEC, WTO, AEC等的成员，但该国是少数几个尚未宣布采用IFRS的官方路线图的国家之一。因此，采用国际财务报告准则对于主动更深入地融入地区和世界经济是必要的。越南财政部计划从2022年起对上市公司、外商投资企业、公共企业采用国际财务报告准则。事实上，越南的一些公司在与关联方的经营过程中自愿采用了IFRS。本文旨在找出影响越南上市公司采用国际财务报告准则的因素。采用logistic回归模型的混合研究方法。数据收集自2018年154份经审计的财务报表。结果表明，越南上市公司的净资产收益率等财务比率对国际财务报告准则的采用有一定的影响。因此，如果越南上市公司需要在未来有效地采用国际财务报告准则，财政部应该颁布法规，强制采用国际财务报告准则的大型公司具有较高的股本利润率，提高审计公司的质量和审计程序，是基于国际财务报告准则的标准。©2019作者所有;加拿大Growing Science公司

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Management Science Letters

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0.00%

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审稿时长

20 weeks

期刊介绍： Management Science Letters is a peer reviewed, monthly publication dedicated to create a forum for scientists in all over the world who wish to share their experiences and knowledge in the field of management skills in the form of original, high quality and value added articles. The journal''s policy is to perform a peer review on all submitted articles and the papers will be appeared in a form of online on our website as soon as the review result becomes positive. The journal covers both empirical and theoretical aspects of management and gives the chance on sharing knowledge among practitioners. Management Science Letters is dedicated for publishing in the following areas: • Quality Management • Production Management (Scheduling, Production management, etc.) • Total Quality Management (TQM) • Six Sigma • Production Efficiency • Just in Time Inventory • Data Envelopment Analysis • Balanced Score Card • Activity Based Cost (ABC) • Technology Acceptance Model • Marketing planning and Customer Relationship Management • Critical Success Factors • e-learning • Customer satisfaction, Job satisfaction, Job turnover, • Organizational commitment, Employee Commitment • Knowledge Management • Knowledge sharing • Human Resources Management (Employee training, Employee Performance, Work achievements,) • Small and medium-sized enterprises (SMEs) issues and Economic development • Innovation, Creativity, Productivity and Performance • Multi-Criteria Decision Making Applications in Management Science (AHP, BWM, TOPSIS, …) • Education Management, Social development, Public Policy • Tourism Industry, Tourism promotion, Tourism directorates • Business performance and financial performance