%0 Journal Article
%T Corporate Characteristics Motivating Standardization: The Case of Accounting Convergence in European Union
%A Black EL
%A Chang JC
%A Krivogorsky V
%J Open Journal of Immunology
%D 2016
%R 10.4172/2472-114X.1000125
%X To identify how corporate characteristics impact the decision to converge, we tested three groups of European firms assigned into a group by the time of the IFRS adoption. Following the theory on network externalities, we hypothesize that companies with more business complexity and higher value benefit from a positive network effect and therefore, represent a driving force in accounting standardization. We provide evidence, that a firm¡¯s business complexity and valuation characteristics have a significant impact on IFRS adoption. We also document that the extenuating effects of jurisdictions and national levels of bureaucratic formalities in business are factors that affect firms¡¯ IFRS adoption decisions
%K Krivogorsky V
%K Chang JC and Black EL
%K Convergence
%K Business complexity
%K Corporate governance
%K International financial reporting standards (IFRS)
%U https://www.longdom.org/abstract/corporate-characteristics-motivating-standardization-the-case-of-accounting-convergence-in-european-union-35575.html