Publication Date

2015-08-06

Availability

Embargoed

Embargo Period

2017-08-05

Degree Type

Thesis

Degree Name

Master of Arts (MA)

Department

Latin American Studies (Arts and Sciences)

Date of Defense

2015-06-22

First Committee Member

Lilian E. Yaffe

Second Committee Member

Laura Gomez-Mera

Third Committee Member

Christopher Williams

Abstract

The paper explores the variability of IFRS adoption in Latin America, attempts to identify regional implementation challenges, and provides suggestions for future research. It is unique in focusing on the IFRS experience of developing countries, specifically Latin America, and employs a multi-method approach to analyze the quality of IFRS adoption policies vis-à-vis the potential effects on the comparability of financial information. Moreover, case studies are used to study IFRS adoption and implementation in countries with varying macroeconomic and political climates. The paper suggests IFRS adoption policy quality may be affected by the national political climate, the depth of global economic integration—through international exposure of domestic financial markets and openness of domestic economies—and a country’s ability to control inflation. The methodological limitations of these findings are noted and future research is recommended to test these potential relationships. The paper concludes with an assessment of the challenges facing successful IFRS implementation in Latin America specifically, and developing countries, broadly, also noting areas for further research.

Keywords

IFRS; Latin America

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