An Analysis of the SEC’s Drive to Bring IFRS to U.S. Capital Markets

Kirstin  Becker; Holger Daske; Christoph  Pelger; Stephen  Zeff

An Analysis of the SEC’s Drive to Bring IFRS to U.S. Capital Markets

Kirstin Becker, Holger Daske, Christoph Pelger, Stephen Zeff

Department of Accounting

Research output: Contribution to conference › Paper › Research › peer-review

Abstract

In this paper, we analyze the SEC’s deliberations on adopting IFRS in the United States between 2005 and 2017. We mobilize the theoretical framework of institutional entrepreneurship to study the role of the SEC’s Chairs in promoting IFRS adoption and how they were enabled and con-strained in these endeavors by the institutional environment. Based on archival as well as interview material, we show how the Chairs’ characteristics influenced their respective motivation to pro-mote IFRS adoption. We also show how the presence or absence of economic and political pres-sures, the political and regulatory environment, the SEC’s organizational structure and the general political climate enabled or constrained the Chairs’ efforts. Our paper contributes to literatures on determinants of IFRS adoption, regulatory decision-making and the U.S. debate on IFRS.

Original language	English
Publication date	2022
Number of pages	54
Publication status	Published - 2022
Event	The 44th Annual Congress of the European Accounting Association 2022 - NHH Norwegian School of Economics, Bergen, Norway Duration: 10 May 2022 → 12 May 2022 Conference number: 44 https://eaa-online.org/congress-2022/

Conference

Conference	The 44th Annual Congress of the European Accounting Association 2022
Number	44
Location	NHH Norwegian School of Economics
Country/Territory	Norway
City	Bergen
Period	10/05/2022 → 12/05/2022
Internet address	https://eaa-online.org/congress-2022/

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Cite this

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title = "An Analysis of the SEC{\textquoteright}s Drive to Bring IFRS to U.S. Capital Markets",

abstract = "In this paper, we analyze the SEC{\textquoteright}s deliberations on adopting IFRS in the United States between 2005 and 2017. We mobilize the theoretical framework of institutional entrepreneurship to study the role of the SEC{\textquoteright}s Chairs in promoting IFRS adoption and how they were enabled and con-strained in these endeavors by the institutional environment. Based on archival as well as interview material, we show how the Chairs{\textquoteright} characteristics influenced their respective motivation to pro-mote IFRS adoption. We also show how the presence or absence of economic and political pres-sures, the political and regulatory environment, the SEC{\textquoteright}s organizational structure and the general political climate enabled or constrained the Chairs{\textquoteright} efforts. Our paper contributes to literatures on determinants of IFRS adoption, regulatory decision-making and the U.S. debate on IFRS. ",

author = "Kirstin Becker and Holger Daske and Christoph Pelger and Stephen Zeff",

year = "2022",

language = "English",

note = "The 44th Annual Congress of the European Accounting Association 2022, EAA 2022 ; Conference date: 10-05-2022 Through 12-05-2022",

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AU - Becker, Kirstin

AU - Daske, Holger

AU - Pelger, Christoph

AU - Zeff, Stephen

N1 - Conference code: 44

PY - 2022

Y1 - 2022

N2 - In this paper, we analyze the SEC’s deliberations on adopting IFRS in the United States between 2005 and 2017. We mobilize the theoretical framework of institutional entrepreneurship to study the role of the SEC’s Chairs in promoting IFRS adoption and how they were enabled and con-strained in these endeavors by the institutional environment. Based on archival as well as interview material, we show how the Chairs’ characteristics influenced their respective motivation to pro-mote IFRS adoption. We also show how the presence or absence of economic and political pres-sures, the political and regulatory environment, the SEC’s organizational structure and the general political climate enabled or constrained the Chairs’ efforts. Our paper contributes to literatures on determinants of IFRS adoption, regulatory decision-making and the U.S. debate on IFRS.

AB - In this paper, we analyze the SEC’s deliberations on adopting IFRS in the United States between 2005 and 2017. We mobilize the theoretical framework of institutional entrepreneurship to study the role of the SEC’s Chairs in promoting IFRS adoption and how they were enabled and con-strained in these endeavors by the institutional environment. Based on archival as well as interview material, we show how the Chairs’ characteristics influenced their respective motivation to pro-mote IFRS adoption. We also show how the presence or absence of economic and political pres-sures, the political and regulatory environment, the SEC’s organizational structure and the general political climate enabled or constrained the Chairs’ efforts. Our paper contributes to literatures on determinants of IFRS adoption, regulatory decision-making and the U.S. debate on IFRS.

M3 - Paper

T2 - The 44th Annual Congress of the European Accounting Association 2022

Y2 - 10 May 2022 through 12 May 2022

ER -