Explaining IFRS reluctance with case study vignettes

What is it about?

This paper investigates the anomaly of no early adoption of IFRS in Taiwan. It analyzes five case-study vignettes, based on fieldwork evidence. It finds that the surprising outcome of no IFRS early adopters involved the past influence of US standards, comparability of financial reporting across firms, frequent regulatory changes, and the absent of sufficient perceived benefits from adopting IFRS.

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