Revisiting International Public Sector Accounting Standards Adoption in Developing Countries

Journal article


Boolaky Doorgakunt, Lakshi D, Omoteso, Kamil, Mirosea, Nitri and Boolaky, Pran Krishansing 2021. Revisiting International Public Sector Accounting Standards Adoption in Developing Countries. International Journal of Public Administration. 45 (13), pp. 948-963. https://doi.org/10.1080/01900692.2021.1925692
AuthorsBoolaky Doorgakunt, Lakshi D, Omoteso, Kamil, Mirosea, Nitri and Boolaky, Pran Krishansing
Abstract

Based on a comprehensive review of recent studies on IPSAS adoption around the globe, we develop in this article a conceptual model to examine alternative predictors of adoption for developing countries. Drawing from this framework, we develop a rigorous econometric modelling on the impact of legal, political and accounting environments in the developing countries’ drive for IPSAS adoption. Contrary to what existing literature projects, our study reveals that a country’s IFRS and ISA experience is more important and significant drivers of IPSAS adoption compared to IFRS adoption. Likewise, political system, regulatory enforcement, lenders and borrowers’ rights and the level of corruption in a country also influence IPSAS adoption.

KeywordsIPSAS; Public Sector Accounting; Developing Countries; Institutions
Year2021
JournalInternational Journal of Public Administration
Journal citation45 (13), pp. 948-963
PublisherTaylor & Francis
ISSN1532-4265
Digital Object Identifier (DOI)https://doi.org/10.1080/01900692.2021.1925692
Web address (URL)https://www.tandfonline.com/doi/full/10.1080/01900692.2021.1925692
hdl:10545/625862
Output statusPublished
Publication dates06 Jun 2021
Publication process dates
Deposited09 Jul 2021, 12:34
Accepted2021
ContributorsUniversity of Derby
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