Applicability of IFRS in Vietnam stock exchange listed companies: Perspective from Theory of Planned Behavior

Nguyen Thi Ngoc Diep

doi:10.46223/HCMCOUJS.econ.en.11.1.1237.2021

Authors

Nguyen Thi Ngoc Diep diep.ntn@ou.edu.vn
Ho Chi Minh City Open University

DOI:

https://doi.org/10.46223/HCMCOUJS.econ.en.11.1.1237.2021

Keywords:

IFRS, ability of IFRS adoption

Abstract

The research, based upon data collected from 273 enterprises, uses the Theory of Planned Behavior (TPB) to identify and estimate the degree to which factors the ability to apply IFRS in listed non-financial enterprises has been affected. Through Exploratory Factor Analysis (EFA) and multivariate linear regression approach, the research proves that there are four factors placing impacts on IFRS adoption in listed companies in Vietnam. Those are management’s attitude, costs, economic integration, accounting staff’s knowledge and skills. The research results are the foundation for businesses to be fully prepared for the favorable and successful application of IFRS. In addition, the results of this study are also useful references for policy-making agencies and professional associations in promoting IFRS application in Vietnam the next time.

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