Title: Micro factors affecting the application of International Financial Reporting Standard No. 6: evidence from Vietnamese enterprises

Authors: Malik Abu Afifa; Nha Minh Nguyen; Thuy Nguyen Thi Thanh

Addresses: Department of Accounting, Faculty of Business, Al-Zaytoonah University of Jordan, Amman, Jordan ' Department of Accounting, Faculty of Economic – Law, Tien Giang University, 119 Ap Bac Street, My Tho City, Tien Giang 84000, Vietnam ' Department of Accounting, Faculty of Economic – Law, Tra Vinh University, 126 Nguyen Thien Thanh Street, Ward 5, Tra Vinh City, Vietnam

Abstract: Our study identifies and investigates the micro factors affecting the application of International Financial Reporting Standard No. 6 (IFRS 6) on exploration and evaluation (E&E) of mineral resources for enterprises in Vietnam. At the same time, this study also explores the nexus between the application of IFRS 6 and the benefits of applying IFRS 6. The study data are collected from Vietnamese mining, oil and gas enterprises listed on the financial exchange. Our data are analysed by structural equation modelling which evaluates both measurement and the structural model. The findings show that there are three micro factors, firm's size, administrator's supporting and accountant's qualifications, which are positively linked to the enforcement of IFRS 6, consistent with the initial prediction. Moreover, we find that the application of IFRS 6 positively links with the benefit of applying IFRS 6, such as increasing disclosure quality and accountability.

Keywords: IFRS 6; application of IFRS 6; benefits of applying IFRS 6; exploration and evaluation; minerals; firms size; administrator's supporting; accountant's qualifications; Vietnam.

DOI: 10.1504/IJBIS.2025.150755

International Journal of Business Information Systems, 2025 Vol.50 No.4, pp.532 - 555

Received: 24 Jan 2022
Accepted: 09 Apr 2022
Published online: 23 Dec 2025 *

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