THE MODERATING ROLE OF FIRM TRANSPARENCY IN INCREASING THE IMPACT OF IFRS ADOPTION ON THE FINANCIAL STATEMENTS COMPARABILITY: A CASE STUDY ON NORTH AFRICAN COUNTRIES

Ben Laria Mohammed, Ould Bahammou Samir, Omari Aicha, Talhaoui Fatima Zohra, Bourezak Assia
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Abstract

Objective: This study investigates how firm transparency affects the relationship between adopting International Financial Reporting Standards (IFRS) and the comparability of financial statements in North African countries.   Theoretical Framework: The research is grounded in agency theory, suggesting increased transparency reduces information asymmetry between firms and stakeholders.   Method: The study employs a quantitative research design, using data from publicly traded companies in North Africa. A multiple PLS-SEM analysis is conducted to examine the interaction between firm transparency and IFRS adoption, and their combined effect on financial statement comparability. Data sources include financial reports and transparency indices over five years.   Results and Discussion: The findings indicate that while IFRS adoption alone improves financial statement comparability, the effect is significantly stronger for firms with higher levels of transparency. Transparent firms benefit more from IFRS adoption, as stakeholders find it easier to compare financial statements across different firms. The study highlights that transparency acts as a crucial moderating variable, amplifying the positive impacts of IFRS on comparability.   Research Implications: The results underscore the importance of enhancing firm transparency in conjunction with adopting IFRS to maximize financial reporting benefits. Policymakers and regulators in North African countries should focus on promoting transparency to support more effective financial reporting and decision-making.   Originality/Value: This research contributes to the limited literature on IFRS adoption in developing regions, particularly in North Africa. It provides new insights into how transparency influences the effectiveness of international accounting standards, offering valuable implications for both researchers and practitioners.
公司透明度在提高采用《国际财务报告准则》对财务报表可比性的影响方面的调节作用: 一项关于北非国家的案例研究
研究目的本研究探讨企业透明度如何影响北非国家采用《国际财务报告准则》(IFRS)与财务报表可比性之间的关系。 理论框架:本研究以代理理论为基础,该理论认为增加透明度可减少企业与利益相关者之间的信息不对称。 研究方法:本研究采用定量研究设计,使用北非上市公司的数据。通过多重 PLS-SEM 分析,研究公司透明度与采用《国际财务报告准则》之间的互动关系,以及两者对财务报表可比性的综合影响。数据来源包括五年内的财务报告和透明度指数。 结果与讨论:研究结果表明,虽然单独采用《国际财务报告准则》能提高财务报表的可比性,但对透明度较高的企业的影响明显更大。透明度高的公司从采用《国际财务报告准则》中获益更多,因为利益相关者更容易比较不同公司的财务报表。研究强调,透明度是一个重要的调节变量,扩大了《国际财务报告准则》对可比性的积极影响。 研究意义:研究结果强调了在采用《国际财务报告准则》的同时提高公司透明度以最大化财务报告效益的重要性。北非国家的政策制定者和监管者应注重提高透明度,以支持更有效的财务报告和决策。 原创性/价值:这项研究为发展中地区,尤其是北非地区采用《国际财务报告准则》的有限文献做出了贡献。它为透明度如何影响国际会计准则的有效性提供了新的见解,为研究人员和从业人员提供了有价值的启示。
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