Research Article
The Factors Influencing the Intention to Adopt International Financial Reporting Standards (IFRS) of SMEs in Ho Chi Minh City, Vietnam
Le Ngoc Huynh,
Thai Hong Thuy Khanh*,
Trinh Xuan Hoang
Issue:
Volume 12, Issue 1, February 2024
Pages:
1-11
Received:
28 December 2023
Accepted:
9 January 2024
Published:
23 January 2024
Abstract: This study investigates the determinants influencing Small and Medium-sized Enterprises' (SMEs) intention to adopt International Financial Reporting Standards (IFRS) in Ho Chi Minh City, Vietnam. Utilizing primary data from questionnaires, the research adopts a methodological framework encompassing descriptive statistics, scale testing, factor analysis, and the use of SPSS for regression and correlation matrix analysis. The focal point of this study is to understand the complex interplay of factors that drive SMEs in a globalized economic setting towards the adoption of IFRS, a global accounting standard that facilitates transparent and comparable financial reporting across international boundaries. While Vietnam has its own Vietnam Accounting Standards (VAS), the shift towards IFRS presents both challenges and opportunities in the realm of global financial integration. The transition from VAS to IFRS is not just a technical change but a strategic move, aligning Vietnamese SMEs with global financial practices. This research provides a comprehensive evaluation of the feasibility, advantages, and obstacles encountered by SMEs in this transition. The findings illuminate various organizational, governmental, and market-related factors that influence this decision. The Vietnamese government's roadmap for IFRS implementation by 2035 highlights the country's commitment to aligning with international financial trends. This paper contributes to the understanding of IFRS adoption among SMEs in emerging economies, offering insights for policymakers and business leaders in navigating this transition.
Abstract: This study investigates the determinants influencing Small and Medium-sized Enterprises' (SMEs) intention to adopt International Financial Reporting Standards (IFRS) in Ho Chi Minh City, Vietnam. Utilizing primary data from questionnaires, the research adopts a methodological framework encompassing descriptive statistics, scale testing, factor anal...
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Research Article
Corporate Sustainability and Shareholders’ Wealth in the National Financial Sector
Akeem Kolawole Osunsusi,
Festus Folajimi Adegbie,
Aguguom Theophilus Anaekenwa*
Issue:
Volume 12, Issue 1, February 2024
Pages:
12-21
Received:
4 August 2023
Accepted:
24 August 2023
Published:
13 March 2024
Abstract: The desire of every shareholder is to see that shareholders’ wealth is given strategic central point attention far and above other priorities of the management. Prior studies have shown that meeting shareholders’ wealth expectations in Nigeria is complex and full of challenges considering the infrastructural deficits, security challenges and lack of corporate legitimacy capable of enhancing shareholders’ wealth in the country. In addition, effective sustainability performance has been advanced as capable of improving corporate performance and increasing shareholders’ wealth. In contributing to knowledge, this study looked at how corporate sustainability affected shareholders' wealth in Nigeria's national banking industry. Using an ex-post facto research design, the study employed secondary data extracted from selected financial institutions from banking institutions. A total of 15 financial institutions were chosen using a purposive sample technique during a 15-year period, from 2008 to 2022, from the population of 65 financial institutions listed in Nigeria. The certification by the external auditors served as the foundation for the data's dependability and authenticity. Inferential (multiple regression) analysis was employed using a pooled panel data analysis. The result showed that corporate sustainability exerted a significant effect on shareholders’ wealth (Adj. R2 = 0.7474, F-stat/Wald test (4, 220) = 18.30, p < 0.05). The study concluded that corporate sustainability had a positive and significant effect on shareholders’ wealth in the national financial sector in Nigeria. Consequent to the results, managers should ensure that effective corporate sustainability policies are instituted and practised in their companies.
Abstract: The desire of every shareholder is to see that shareholders’ wealth is given strategic central point attention far and above other priorities of the management. Prior studies have shown that meeting shareholders’ wealth expectations in Nigeria is complex and full of challenges considering the infrastructural deficits, security challenges and lack o...
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