Authors: Julie Thies; Sebastian Andreas Tideman; Jochen Zimmermann
Addresses: Department of Business Administration, Accounting and Control, University of Bremen, Max-von-Laue-Straße 1, 28359 Bremen, Germany ' Department of Business Administration, Accounting, Auditing and Sustainability, University of Hamburg, Germany; Whitman School of Management, Syracuse University, 721 University Ave, Syracuse, NY 13244, USA ' Department of Business Administration, Accounting and Control, University of Bremen, Max-von-Laue-Straße 1, 28359 Bremen, Germany
Abstract: This leximetric study covers trends in a broad range of disclosure and enforcement activities in Brazil, Russia, India, China and South Africa (BRICS) countries from 1991 to 2017. Using institutional theory, we find increasing similarities between the five countries, explained by isomorphism. We also distinguish a pattern between the countries' use of disclosure and enforcement regulation. Disclosure leads enforcement, and enforcement remains less intense and more varied. Institutional rigidities and associated costs serve as an explanation.
Keywords: BRICS; accounting regulation; disclosure; enforcement; emerging economies; institutional change patterns.
International Journal of Economics and Accounting, 2020 Vol.9 No.3, pp.181 - 220
Received: 09 Sep 2019
Accepted: 02 Nov 2019
Published online: 25 Sep 2020 *