Transcription of Why do countries adopt International Financial Reporting ...
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Copyright 2009 by Karthik Ramanna and Ewa Sletten Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Why do countries adopt International Financial Reporting standards ? Karthik Ramanna Ewa Sletten Working Paper 09-102 Why do countries adopt International Financial Reporting standards ?* Karthik Ramanna Harvard Business School and Ewa Sletten MIT Sloan School of Management This draft: March 24, 2009 Original Draft: January 5, 2009 Abstract In a sample of 102 non-European Union countries , we study variations in the decision to adopt International Financial Reporting standards (IFRS).
1 1. Introduction The International Accounting Standards Board (IASB) was established in 2001 to develop International Financial Reporting Standards (IFRS).
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