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Implementation of IFRS for SMEs in emerging economies: Stakeholder perceptions in the Czech Republic, Hungary, Romania and Turkey

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dc.title Implementation of IFRS for SMEs in emerging economies: Stakeholder perceptions in the Czech Republic, Hungary, Romania and Turkey en
dc.contributor.author Albu, Cătălin Nicolae
dc.contributor.author Albu, Nadia
dc.contributor.author Pali-Pista, Szilveszter Fekete
dc.contributor.author Gîrbinǎ, Maria Mădălina
dc.contributor.author Selimoglu, Seval Kardes
dc.contributor.author Kovács, Dániel Máté
dc.contributor.author Lukács, János
dc.contributor.author Mohl, Gergely
dc.contributor.author Müllerová, Libuše
dc.contributor.author Paseková, Marie
dc.contributor.author Arsoy, Aylin Poroy
dc.contributor.author Sipahi, Baris
dc.contributor.author Strouhal, Jiří
dc.relation.ispartof Journal of International Financial Management and Accounting
dc.identifier.issn 0954-1314 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2013
utb.relation.volume 24
utb.relation.issue 2
dc.citation.spage 140
dc.citation.epage 175
dc.type article
dc.language.iso en
dc.publisher Wiley-Blackwell Publishing Ltd. en
dc.identifier.doi 10.1111/jifm.12008
dc.relation.uri http://onlinelibrary.wiley.com/doi/10.1111/jifm.12008/abstract
dc.description.abstract This research investigates the perceptions of stakeholders involved in financial reporting in four emerging economies (the Czech Republic, Hungary, Romania, and Turkey) regarding the possible implementation of IFRS for SMEs, in terms of costs, benefits, and strategy of adoption. In-depth, semi-structured interviews were conducted with representatives of main stakeholders (preparers, auditors, regulators, professional bodies, and users). We find more support for IFRS for SMEs implementation in these four countries than suggested by the results of the European Commission's consultation for the European Union. Interviews reveal differences between stakeholder groups and between countries regarding the preferred implementation approach (mandatory adoption, voluntary adoption or convergence of national regulations with IFRS for SMEs). Interviews indicate the most support for the convergence approach. However, users oppose convergence and prefer the adoption of IFRS for SMEs. The convergence approach moves regulators' attention from users' needs to preparers' preferences and preparedness. This finding is relevant in the decision-making process of national regulators, who should balance the needs of various stakeholders, but also the country's political and economic objectives. © 2013 John Wiley & Sons Ltd. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1003238
utb.identifier.obdid 43870108
utb.identifier.scopus 2-s2.0-84877316234
utb.identifier.wok 000318441300002
utb.source j-scopus
dc.date.accessioned 2013-05-24T11:45:30Z
dc.date.available 2013-05-24T11:45:30Z
utb.contributor.internalauthor Paseková, Marie
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