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The profile of IPSAS-adopters

2019; Bucharest Academy of Economic Studies; Volume: 18; Issue: 2 Linguagem: Inglês

10.24818/jamis.2019.02005

1583-4387

Donia Ben Amor, Salma Damak Ayadi,

Fiscal Policy and Economic Growth

Research question: What is general profile of countries adopting IPSAS in accounting, institutional and economic terms? Motivation: IPSAS are perceived as benchmark of public sector's accounting standardization. Their adoption becomes highly promoted by several institutional organizations such as World Bank and IMF. Following previous literature review about IPSAS-adoption, researchers focused on only both factors (Ilie & Miose, 2012) and effects (Christiaens et al., 2015; Opanyi, 2016) of use of these standards. Hence, this study focus on specificities of IPSAS-adopters. Idea: This research aims to determine profile of countries adopting IPSAS internationally for year 2016. Also, it suggests an empirical treatment of countries' economic risk. Indeed, this axis was not treated by previous IPSAS researches. Thus, we add to literature review by analyzing, empirically profile of IPSAS-adopters. Data: Data sources are World Bank, FMI and IPSAS Board. Moreover, we propose two new measures for public-market security and for accounting-system's modernization and transparency. Tools: A logistic regression is applied to test theoretical hypotheses. Then, test of marginal effect was applied in order to detect most common character among IPSAS-adopters. Findings: The result of empirical study showed that IPSAS-adopters have a modern accounting system based on accruals. These countries have a flexible legal system and an internationally legitimated private accounting system based on IFRS. However, there is any relationship between IPSAS-adoption and the public-market's security. Moreover, test of marginal effect indicates that most widely character among IPSAS-adopters use of IFRS. Contribution: Determining IPSAS-adopters' profile is a new research's axis. It is useful for countries' stakeholders that look for accounting, institutional and economic profiles of these entities.