Table 1.

Fontes et al.’s (2016) theoretical model for assessing how stakeholders perceive a new financial reporting system

Individuals’ perceptions of the value of a new financial reporting system…Some supporting literature
Individual factors
P1.1… decrease with their ageCaldwell et al. (2004) 
P1.2… increase with their level of educationHeggestad and Kanfer (2000); Uyar and Güngörmüsß (2013) 
P1.3… are related to their level of experience
P1.4… are related to their level of commitment to traditional accounting valuesBurns and Baldvinsdottir (2005); Jermias (2001) 
P1.5… are related to their disposition to changeStrauss et al. (2008) 
P1.6… are related to the personal impact of the new financial reporting system on their job and on satisfaction of their individual needsArmenakis et al. (2007) 
P1.7… are related to the importance they attach to financial statementsSon et al. (2006) 
P1.8… are related to their capacities to implement changeTurgut and Neuhaus (2020) 
P1.9… vary among the different accounting interest groupsDoan et al. (2020) 
Technical factors
P2.1…. increase with the expected operational benefits of the IFRS modelSeo and Creed (2002) 
P2.2… decrease with the perceived complexity of the IFRS-based standardsBrusca et al. (2016) 
P2.3… decrease with the perceived costs of adopting the new financial reporting system
Situational factors
P3.1… are related positively to the perceived suitability of IFRS underlining principles to the national environmentAlbu et al. (2020); Peyrefitte et al. (2022); Silva et al. (2023) 
P3.2… are related positively to the perceived compatibility of IFRS-based standards to the national accounting cultureDiMaggio and Powell (1983); Gray (1988) 
P3.3… are related to the perceived global suitability of the underlining principles of IFRSAlbu et al. (2014); Cameron and Green (2019); Hope et al. (2006) 
P3.4…. are associated with the perceived suitability of IFRS-based standards for the national business contextOliver (1991); Petre and Albu (2020); Silva et al. (2023) 
P3.5… are related positively to the perceived contextual benefits arising from the adoption of the new financial reporting systemGuerreiro et al. (2015); Silva et al. (2023) 
Change process factors
P4.1… increase with the perceived fairness of the change processKatsaros and Tsirikas (2022) 
P4.2…. are related to the perceived quality of the change communicationPeyrefitte et al. (2022); Rodrigues and Craig (2007); Situ et al. (2021) 
P4.3… are related to their perceptions of trust in the national standard setting teamGigliotti et al. (2019) 
P4.4… are related to their perceptions of the adequacy of the timing of the reformSmollan (2006) 
P4.5… are related to their views on the legal legitimacy of the accounting reformCampbell (2020); Chand (2005) 
Source(s): Adapted from Fontes et al. (2016) 

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