Empirical Evidence on Country Level
3 Characteristics of Full IFRS and IFRS for SMEs adoption
3Characteristics of Full IFRS and IFRS for SMEs adoption
As explained in chapter one, this chapter presents a two-part descriptive analysis of de jure international accounting harmonization in the field of private firms in 110 countries. While time series analysis will display the process of Full IFRS and IFRS for SMEs adoption between 2002 and 2014, cross-sectional analysis provides insights into the status quo of local Full IFRS and IFRS for SMEs implementation in 2014. For reasons of presentation and comparability, both analyses will be conducted separately for the following nine geographic regions:
Before developing the conceptual foundation and presenting the empirical results of the descriptive study, the following section will briefly describe the process of data collection and the sample.
3.1.1Data collection and sample
220.127.116.11Sample selection procedure
Country level analyses typically result in smaller sample sizes than firm level studies, which generally reduces the power of the empirical tests. However, country level data provide the basis for macro-level analyses and thus offer unique insights into country characteristics (Gordon et al. (2013), p. 146).
The United Nations (UN) count 193 member states as of July 2014 (United Nations (2014)). For the sake of completeness, this study adds three disputed sovereign states and fourteen jurisdictions with limited sovereignty to the list of UN member states. This leads to a total of 210 countries89 (and jurisdictions) representing the basic population of this study.
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