IFRS adoption in the United States: An analysis of the role of the SEC’s Chairs

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dc.citation.articleNumber107016en_US
dc.citation.issueNumber3en_US
dc.citation.journalTitleJournal of Accounting and Public Policyen_US
dc.citation.volumeNumber42en_US
dc.contributor.authorBecker, Kirstinen_US
dc.contributor.authorDaske, Holgeren_US
dc.contributor.authorPelger, Christophen_US
dc.contributor.authorZeff, Stephen A.en_US
dc.date.accessioned2023-07-21T16:13:29Zen_US
dc.date.available2023-07-21T16:13:29Zen_US
dc.date.issued2023en_US
dc.description.abstractIn this paper, we study the role of the SEC’s Chairs in the possible adoption of IFRS in the United States between 2005 and 2017. We mobilize the theoretical framework of institutional entrepreneurship to analyze the multidimensional institutional process which involves the streams of problem recognition, policy development and politics. Our qualitative empirical study finds that the SEC Chairs attempted to couple the three streams to different extents to achieve policy breakthroughs on IFRS adoption. We show how the coupling endeavors of Chair Cox opened a temporal window of opportunity for IFRS adoption, while Chairs Schapiro and White were unsuccessful in coupling the streams due to limited recognition of IFRS adoption as a central problem for the SEC, the inability to develop a practicable policy solution and unfavorable conditions in the policy stream. Our paper offers insights into the reasons for the SEC’s substantial efforts to introduce IFRS to U.S. capital markets and why these efforts never resulted in a formal decision on adopting IFRS for U.S. issuers. Our findings contribute to literatures on IFRS adoption, the temporal dimension of institutional entrepreneurship and the U.S. debate on IFRS.en_US
dc.identifier.citationBecker, Kirstin, Daske, Holger, Pelger, Christoph, et al.. "IFRS adoption in the United States: An analysis of the role of the SEC’s Chairs." <i>Journal of Accounting and Public Policy,</i> 42, no. 3 (2023) Elsevier: https://doi.org/10.1016/j.jaccpubpol.2022.107016.en_US
dc.identifier.digital1-s2-0-S0278425422000795-mainen_US
dc.identifier.doihttps://doi.org/10.1016/j.jaccpubpol.2022.107016en_US
dc.identifier.urihttps://hdl.handle.net/1911/114958en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.rightsExcept where otherwise noted, this work is licensed under a Creative Commons Attribution (CC BY) license.  Permission to reuse, publish, or reproduce the work beyond the terms of the license or beyond the bounds of Fair Use or other exemptions to copyright law must be obtained from the copyright holder.en_US
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en_US
dc.titleIFRS adoption in the United States: An analysis of the role of the SEC’s Chairsen_US
dc.typeJournal articleen_US
dc.type.dcmiTexten_US
dc.type.publicationpublisher versionen_US
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