The (Un)suitability of Fair Value Accounting in Emerging Economies: The Case of Vietnam
aut.relation.journal | Journal of Accounting and Organisational Change | en_NZ |
aut.relation.volume | Fprthcoming | en_NZ |
aut.researcher | Nguyen, Uyen | |
dc.contributor.author | Nguyen, L-U | en_NZ |
dc.date.accessioned | 2019-05-09T23:51:40Z | |
dc.date.available | 2019-05-09T23:51:40Z | |
dc.date.copyright | 2019-04-18 | en_NZ |
dc.date.issued | 2019-04-18 | en_NZ |
dc.description.abstract | Purpose This study aims to explore the suitability and challenges of implementing fair value accounting (FVA) in Vietnam, an emerging/transitioning economy. While such implementation would enable convergence with International Financial Reporting Standards, standard setters and auditors have raised practical concerns about its adoption. Design/methodology/approach This qualitative study uses semi-structured interviews with regulators and auditors, together with an analysis of two fraud cases that illustrate the business environment in Vietnam. Public, private and capture theories guide the analysis. Findings The business and institutional environment in Vietnam creates several impediments to FVA being effectively implemented and transparently applied. Given the major challenges identified regarding the infrastructure necessary for this valuation system, the premature adoption of FVA may become a catalyst for corporate misconduct. Research limitations/implications The findings are derived from data aggregated from two fraud cases and interviews, and as such, the results may not be generalisable to other settings. However, these findings may inform future research, particularly after the Ministry of Finance provides further guidance on the use of FVA in Vietnam. Practical implications A timely and critical examination of the challenges of implementing FVA in a transitioning economy is provided, and the two fraud cases reveal the complexities of the business environment in Vietnam. Originality/value This research gives voice to the tensions that developing countries are confronting as they seek to balance external pressures with internal constraints. The introduction of an assemblage of three theoretical lenses enables insights into contemporary issues associated with applying FVA in such settings. | |
dc.identifier.citation | Journal of Accounting & Organizational Change, https://doi.org/10.1108/JAOC-03-2018-0032 | |
dc.identifier.doi | 10.1108/JAOC-03-2018-0032 | en_NZ |
dc.identifier.issn | 1832-5912 | en_NZ |
dc.identifier.uri | https://hdl.handle.net/10292/12499 | |
dc.publisher | Emerald | en_NZ |
dc.relation.uri | https://www.emeraldinsight.com/doi/full/10.1108/JAOC-03-2018-0032 | |
dc.rights | Copyright © Emerald Group Publishing Limited, 2019. Authors retain the right to place his/her pre-publication version of the work on a personal website or institutional repository for non commercial purposes. The definitive version was published in (see Citation). The original publication is available at www.emeraldinsight.com (see Publisher’s Version). | |
dc.rights.accessrights | OpenAccess | en_NZ |
dc.subject | Vietnam; Accounting harmonization; Fair value accounting; Transitioning economy | |
dc.title | The (Un)suitability of Fair Value Accounting in Emerging Economies: The Case of Vietnam | en_NZ |
dc.type | Journal Article | |
pubs.elements-id | 352568 | |
pubs.organisational-data | /AUT | |
pubs.organisational-data | /AUT/Business, Economics & Law | |
pubs.organisational-data | /AUT/Business, Economics & Law/NZWRI - NZ Work Research Institute | |
pubs.organisational-data | /AUT/Faculty of Business, Economics and Law | |
pubs.organisational-data | /AUT/Faculty of Business, Economics and Law/Accounting | |
pubs.organisational-data | /AUT/Faculty of Business, Economics and Law/NZ Work Research Institute | |
pubs.organisational-data | /AUT/PBRF | |
pubs.organisational-data | /AUT/PBRF/PBRF Business Economics and Law | |
pubs.organisational-data | /AUT/PBRF/PBRF Business Economics and Law/Accounting Department PBRF 2018 | |
pubs.organisational-data | /AUT/PBRF/PBRF Business Economics and Law/Faculty Review Team PBRF 2018 |
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