Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran

Objective: This study was conducted to investigate the exploratory factor analysis of the challenges and obstacles of the implementing IFRS in Iran from the point of view of CFOs of the listed companies, banks and insurance companies. Methods: The research method is descriptive and exploratory. The...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Ahad Hosseini, Saeed Jabbarzade Kangaarloye, Jamal Bahrisals, Rasol Sadi
Formato:	article
Lenguaje:	FA
Publicado:	University of Tehran 2021
Materias:	international financial reporting standards exploratory factor analysis implementation obstacles Accounting. Bookkeeping HF5601-5689 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/3e7ee75f4f2a4d0ab9801dfddf762aa4
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:3e7ee75f4f2a4d0ab9801dfddf762aa4
record_format	dspace
spelling	oai:doaj.org-article:3e7ee75f4f2a4d0ab9801dfddf762aa42021-11-14T05:28:27ZExploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran2645-80202645-803910.22059/acctgrev.2021.319814.1008529https://doaj.org/article/3e7ee75f4f2a4d0ab9801dfddf762aa42021-10-01T00:00:00Zhttps://acctgrev.ut.ac.ir/article_84210_4aa6e54f5816903952edc144683547dc.pdfhttps://doaj.org/toc/2645-8020https://doaj.org/toc/2645-8039Objective: This study was conducted to investigate the exploratory factor analysis of the challenges and obstacles of the implementing IFRS in Iran from the point of view of CFOs of the listed companies, banks and insurance companies. Methods: The research method is descriptive and exploratory. The data of this study was collected from 127 people as the sample. The data collection tool was a 52-questions Non-standard questionnaire. The initial reliability of the questionnaire was 93% by Cronbach's alpha method. After distributing, collecting and analyzing the questionnaire data by exploratory factor analytical method, obstacles were extracted. Results: To evaluate the sampling adequacy, the sampling adequacy index is 0.717 and the value of Chi-square statistic for Bartlett test is 4165.46, which can say that doing exploratory factor analysis is reasonable. After confirming this hypothesis, factor analysis was performed on the subjects' answers to 52 questionnaire questions using principal component method and Varimax rotation. Preliminary statistical characteristics performed by the principal component analysis showed that the special value of 10 factors was greater than 1; Together, these 10 factors explained 62.73% of the total variance of the variables. Conclusion: Based on the results of the study, obstacles to the implementation of the international financial reporting standards in Iran were classified into 10 main components, including: insufficient knowledge about the international financial reporting standards, political and legal factors, ownership structure and capital market, administrative system and cultural characteristics, lack of a comprehensive evaluation system, resistance to change, financial rules and regulations, economic conditions, disagreement between stakeholders, lack of conceptual framework.Ahad HosseiniSaeed Jabbarzade KangaarloyeJamal BahrisalsRasol Sadi University of Tehranarticleinternational financial reporting standardsexploratory factor analysisimplementation obstaclesAccounting. BookkeepingHF5601-5689FinanceHG1-9999FAبررسی‌های حسابداری و حسابرسی, Vol 28, Iss 3, Pp 533-552 (2021)
institution	DOAJ
collection	DOAJ
language	FA
topic	international financial reporting standards exploratory factor analysis implementation obstacles Accounting. Bookkeeping HF5601-5689 Finance HG1-9999
spellingShingle	international financial reporting standards exploratory factor analysis implementation obstacles Accounting. Bookkeeping HF5601-5689 Finance HG1-9999 Ahad Hosseini Saeed Jabbarzade Kangaarloye Jamal Bahrisals Rasol Sadi Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran
description	Objective: This study was conducted to investigate the exploratory factor analysis of the challenges and obstacles of the implementing IFRS in Iran from the point of view of CFOs of the listed companies, banks and insurance companies. Methods: The research method is descriptive and exploratory. The data of this study was collected from 127 people as the sample. The data collection tool was a 52-questions Non-standard questionnaire. The initial reliability of the questionnaire was 93% by Cronbach's alpha method. After distributing, collecting and analyzing the questionnaire data by exploratory factor analytical method, obstacles were extracted. Results: To evaluate the sampling adequacy, the sampling adequacy index is 0.717 and the value of Chi-square statistic for Bartlett test is 4165.46, which can say that doing exploratory factor analysis is reasonable. After confirming this hypothesis, factor analysis was performed on the subjects' answers to 52 questionnaire questions using principal component method and Varimax rotation. Preliminary statistical characteristics performed by the principal component analysis showed that the special value of 10 factors was greater than 1; Together, these 10 factors explained 62.73% of the total variance of the variables. Conclusion: Based on the results of the study, obstacles to the implementation of the international financial reporting standards in Iran were classified into 10 main components, including: insufficient knowledge about the international financial reporting standards, political and legal factors, ownership structure and capital market, administrative system and cultural characteristics, lack of a comprehensive evaluation system, resistance to change, financial rules and regulations, economic conditions, disagreement between stakeholders, lack of conceptual framework.
format	article
author	Ahad Hosseini Saeed Jabbarzade Kangaarloye Jamal Bahrisals Rasol Sadi
author_facet	Ahad Hosseini Saeed Jabbarzade Kangaarloye Jamal Bahrisals Rasol Sadi
author_sort	Ahad Hosseini
title	Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran
title_short	Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran
title_full	Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran
title_fullStr	Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran
title_full_unstemmed	Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran
title_sort	exploratory factor analysis of the challenges and obstacles of the implementing ifrs in iran
publisher	University of Tehran
publishDate	2021
url	https://doaj.org/article/3e7ee75f4f2a4d0ab9801dfddf762aa4
work_keys_str_mv	AT ahadhosseini exploratoryfactoranalysisofthechallengesandobstaclesoftheimplementingifrsiniran AT saeedjabbarzadekangaarloye exploratoryfactoranalysisofthechallengesandobstaclesoftheimplementingifrsiniran AT jamalbahrisals exploratoryfactoranalysisofthechallengesandobstaclesoftheimplementingifrsiniran AT rasolsadi exploratoryfactoranalysisofthechallengesandobstaclesoftheimplementingifrsiniran
_version_	1718429891314057216

Exploratory Factor Analysis of the Challenges and Obstacles of the Implementing IFRS in Iran

Ejemplares similares