User Manual Privacy Policy Disclaimer Contact us
  Advanced SearchBrowse


  To Adopt Or Not To Adopt? The Transnational Adoption of International Financial Reporting Standards (IFRS) in Africa

Zori, S. G. (2015). To Adopt Or Not To Adopt? The Transnational Adoption of International Financial Reporting Standards (IFRS) in Africa. PhD Thesis, Universität Köln, Köln.

Item is


show hide
Item Permalink: http://hdl.handle.net/11858/00-001M-0000-0027-A827-5 Version Permalink: http://hdl.handle.net/21.11116/0000-0006-849F-2
Genre: Thesis


show Files
hide Files
mpifg_diss15_SZ.pdf (Any fulltext), 6MB
Full text
MIME-Type / Checksum:
application/pdf / [MD5]
Technical Metadata:
Copyright Date:
Copyright Info:


Full text via KUPS (Universität Köln)


Zori, Solomon George1, Author              
1International Max Planck Research School on the Social and Political Constitution of the Economy, MPI for the Study of Societies, Max Planck Society, ou_1214550              


Free keywords: International Accounting; International Financial Reporting Standards; IFRS; Adoption; Africa
 Abstract: The idea that policy diffusion can occur via two different mechanisms has gained attention in the realm of international accounting since the European Union’s adoption of International Financial Reporting Standards (IFRSs) in 2005. Proponents of classical economic approaches to policy adoption argue that countries adopting IFRS are motivated solely by the economic consequences of the standards from which they anticipate an improvement in information quality. Neo-institutional scholars argue, on the other hand, that institutional and social pressures from both internal and external sources propel actors to adopt the standards. While each narrative can independently explain IFRS adoption, they can also overlap, creating a pecking order effect in explaining IFRS adoption particularly in developing countries. In Africa, a majority of countries have not yet adopted IFRSs despite calls by international organizations to do so. The purpose of this dissertation project was to analyze the logics behind the diffusion and adoption of IFRSs in Africa and to develop an institutional explanation for the adoption or non-adoption of IFRS in selected African countries. The project investigates why many African countries resist adopting IFRSs, looking at the factors that foster or limit IFRS adoption and the role actors at transnational and local levels play. Methodologically, the project employs a qualitative comparative analytic approach with case studies of selected African countries. It compares the case of countries that have already adopted the standards following similar effects from the European Union and Countries have not yet adopted. It concludes that, although institutional economics play a crucial role in the adoption of IFRS in western countries, Neo-institutional arrangements such as institutional pressures of coercion, normative professional pressures coupled with the presence or absence of essential institutions to support adoption better explains IFRS adoption/non-adoption in Africa.


Language(s): eng - English
 Dates: 2015-01-202015
 Publication Status: Published in print
 Pages: XII, 283
 Publishing info: Köln : Universität Köln
 Table of Contents: Acknowledgement
List of Tables
List of Figures
1 Introduction
1.1 Problematizing IFRS Adoption
1.2 IFRS Adoption: Historical Background and Research Questions
1.3 The Argument
1.4 Structure of the Study
2 Theoretical Framing
2.1 What is Policy Diffusion?
2.2 Why Do Countries Adopt Similar Policies?
2.3 Economic Logic of Policy Diffusion
2.4 Neo-Institutionalism and Institutional Isomorphism
2.4.1 Coercive Isomorphism
2.4.2 Normative Isomorphism
2.4.3 Mimetic Isomorphism
2.4.4 The Logic of Appropriate Action
2.5 Conclusion
3 Locating International Accounting Standards
3.1 Rise of International Accounting Standards
3.2 Existing Research on IFRS Adoption by Nation States
3.3 Conceptualizing IFRS Adoption: When and how IFRS is adopted
3.4 The Role of Transnational Actors in IFRS Adoption Process
3.4.1 International Financial Institutions
3.4.2 Regional Economic Communities
3.4.3 International Professional Accounting Associations
3.4.4 Globally Active Accountancy Certification Providers
3.4.5 International Accounting Firms
3.5 The Role of National Actors in the IFRS Adoption Process
3.5.1 Central Banks
3.5.2 Securities and Exchange Commissions and Stock Exchanges
3.5.3 National Professional Accountancy Bodies
3.6 Overview of IFRS Adoption in Africa
3.7 Analytical Framework and Research Design
3.7.1 Analytical Framework
3.7.2 Research Design
3.7.3 Data Sources and Methodology
4 Reconstructing the Process of IFRS Adoption in Ghana
4.1 Introduction
4.2 Colonial Antecedents of Accounting and Auditing in the Gold Coast
4.3 Introducing Ghana National Accounting Standards (1993-2003)
4.4 Process leading to IFRS Adoption (2004-2008)
4.5 Neo-institutionalism at work: Arguing the case of IFRS adoption in Ghana
4.6 Conclusion
5 Reconstructing the Process of IFRS Adoption in Nigeria
5.1 Introduction
5.2 Colonial Antecedents of Accounting and Auditing in Nigeria
5.3 Introducing Nigerian Accounting Standards (1982-2011)
5.4 Processes leading to IFRS Adoption in Nigeria (2010-2012)
5.5 Neo-institutionalism at work: Arguing the case of IFRS adoption in Nigeria
5.6 Conclusion
6 Reconstructing Accounting Reforms in Cote d’Ivoire
6.1 Introduction
6.2 Colonial Contextualization of Accounting and Auditing in Cote d’Ivoire
6.3 The OCAM Accounting Plan (1947-1982)
6.4 Great Accounting Revolution in French West Africa (Pre-1993)
6.5 Dual Accounting Standards in West Africa (1991-2000)
6.6 Proliferation of Anglo-Saxon Accounting Standards in Cote d’Ivoire
6.7 Neo-institutional perspective of IFRS (Non) adoption in Cote d’Ivoire
6.8 Conclusion
7 Reconstructing Accounting Reforms in Liberia
7.1 Introduction
7.2 Colonial Historical Context of Accounting in Liberia (1933-1970s)
7.3 Accounting in Times of War (1980s-2003)
7.4 Accounting in Times of Peace (2003-2011)
7.5 Future of Accounting Standardization in Liberia (2011-2015)
7.6 Neo-institutional perspective of IFRS (Non) adoption in Liberia
7.7 Conclusion
8 Synthesis and Comparative Outlook: To Adopt or Not to Adopt IFRS?
8.1 Comparing IFRS Adopters in West Africa
8.2 Comparing IFRS Non-Adopters in West Africa
8.3 Comparing IFRS Adopters and Non-IFRS Adopters
8.4 Conclusion
9 Conclusion
9.1 Summary of Findings
9.2 Actors and their interests in IFRS adoption
9.3 Policy Implications
 Rev. Type: -
 Identifiers: URI: http://kups.ub.uni-koeln.de/id/eprint/6076
URN: urn:nbn:de:hbz:38-60764
 Degree: PhD



Legal Case


Project information