International Financial Reporting Standards Adoption In Africa: The Role of International Power Politics

摘要

The primary objective of the paper is to investigate the influence of internationaludPower Politics (IPP) on adoption of International Financial Reporting Standardsud(/FRS) in Africa. The cluster sampling and simple random sampling techniques wereudadopted in this study. From a population of fifty four countries making up the Africanudcontinent, a sample of forty six countries was selected. A cross-sectional data ofudcountries for the year 2011 was collected from World Bank world developmentudmdicators data base and world almanac and book of facts. The data collected wereudanalysed using the ordered logistic regression technique. The study reveals thatudinternational power politics has a positive but not significant relationship with ·udadoption of /FRS in Afnca. The implication of this result is a policy shift towardsudgrowth in gross domestic product in Africa and the need for the InternationaludAccounting Standards Board (IASB) to revisit the present composition oftlre board ofudthe IASB if adoption of international financial reporting standards is to be enhancedudin Africa