Institutional Isomorphism and The Adoption of International Financial Reporting Standards (IFRS)

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@article{1718392,
      author = {Eteyen Sunday Ikpong, PhD},
      title = {Institutional Isomorphism and The Adoption of International Financial Reporting Standards (IFRS)},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {11},
      pages = {4719-4740},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1718392.pdf},
      abstract = {The growth of multinational firms and the globalisation of economies have significantly raised the need for consistent financial reporting across national boundaries. International Financial Reporting Standards (IFRS) were developed as a result of the global quest of dependability, comparability, and transparency in financial reporting. International Financial Reporting Standards (IFRS) are officially defined as a set of financial reporting standards created by the International Accounting Standards Board (IASB) and marketed under the IFRS brand. Numerous nations worldwide have embraced these standards (Al-Refiay et al 2023). They mainly represent an approach to accounting standards that is principle-based rather than primarily prescriptive and rule-based. The movement towards International Accounting Standards has progressed quickly, and in 2009, the European Union and over 130 countries worldwide either approved or mandated the adoption of IFRS published by the IASB, indicating a global trend towards accounting standardization (Bakare et al 2020). A multitude of institutional elements impact the adoption of IFRS, making it more than just a technical accounting choice.  Though each nation's journey is determined by its own institutional architecture, the adoption of IFRS is by no means a consistent process. A study by Boolaky et al (2020) found that coercive, mimetic, and normative pressures were associated with IFRS adoption in Africa as a whole. },
      month = {May},
      doi = {https://doi.org/10.64388/IREV9I11-1718392}
  }