When global accounting standards meet the local context—Insights from an emerging economy |
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| Institution: | 1. The Bucharest University of Economic Studies, Faculty of Accounting and Management Information Systems, 6 Pia?a Roman?, Sector 1, Bucure?ti 010374, Romania;2. University of Birmingham, Birmingham Business School, Edgbaston, Birmingham B15 2TT, United Kingdom;1. Department of Accounting and Auditing, HHL Leipzig Graduate School of Management, Jahnallee 59, 04109 Leipzig, Germany;2. Chair of Accounting and Auditing, HHL Leipzig Graduate School of Management, Jahnallee 59, 04109 Leipzig, Germany;1. ESSEC Business School, Department of Accounting and Management Control, 1 Avenue Bernard Hirsch, Cergy, France;2. University of Pisa, Department of Economics and Management, Via C. Ridolfi 10, Pisa, Italy;1. Cardiff Business School, Cardiff University, 3 Colum Drive, Cardiff, CF10 3EU, UK;2. University of Exeter Business School, Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK;1. UCD School of Business, University College Dublin, Ireland;2. University of Amsterdam Business School, The Netherlands |
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| Abstract: | We investigate the translation and application of global accounting standards in a local context, with Romania as our country case study. Our theoretical framework is derived from institutional theory. We develop this by complementing isomorphism (DiMaggio and Powell, 1983) with an emphasis on the behavior of actors and with the different strategic responses that organizations enact as a result of the institutional pressures toward conformity, following Oliver (1991). We contend that local actors play a more important role in triggering organizational responses than is implied by Oliver's (1991) framework in the application of International Financial Reporting Standards (IFRS). This is because organizational responses to these global standards are conditioned by the interplay between actors, who are searching for legitimacy and the attainment of their own (mutually conflicting) interests.Contrary to earlier institutional propositions, we find that acquiescence strategies may occur even when there is a great degree of constituent multiplicity, and that avoidance may occur in entities with a smaller degree of multiplicity. We thus argue that countries are not homogeneous in terms of accounting practices. Finally we suggest that intra-organizational interests and actions are important for IFRS implementation, and future research should investigate this in depth. |
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| Keywords: | Critical Social Accountability IFRS Institutional theory Critique Social Redevabilité Responsabilité 批判性 社会的 问责 Crítica Social Rendición de cuentas |
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