Impact of globalization on the human resource management function in developing countries: a case study of Kenya public corporations

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dc.creatorGachoka, Hazel
dc.date07/04/2013
dc.dateThu, 4 Jul 2013
dc.dateThu, 4 Jul 2013 18:23:48
dc.dateYear: 2008
dc.dateThu, 4 Jul 2013 18:23:48
dc.date.accessioned2015-03-18T11:29:02Z
dc.date.available2015-03-18T11:29:02Z
dc.descriptionKCA Journal of Business Management > Vol 1, No 1 (2008)
dc.descriptionThis study seeks to establish if the adoption of International Financial Reporting Standards (IFRS) in Kenya has been associated with higher accounting quality for listed companies. The International Accounting Standards Board (IASB), in its objectives and preamble, supposes that the beneficial effects from IFRS adoption include transparency, accounting quality and reduced cost of capital. Based on these assumptions, this study applied accounting quality measures; earnings management, timely loss recognition and value relevance to find out whether the adoption of IFRS has led to improvements in accounting quality in companies listed in Kenya. The methodology is based on prior literature definition of metrics of accounting quality mainly earnings management, timely loss recognition and value relevance. The study differs from the previous ones by overcoming difficulties in controlling for confounding factors faced in previous studies which could have led to less reliable results. Three out of the eight metrics indicated that quality had marginally improved while five indicated that it had marginally declined. These mixed outcomes are very much in line with findings in other studies and the study contributes to the debate by explaining why accounting quality outcomes are still not consistent with IFRS promises in spite of improved test conditions.
dc.description.abstractThis study seeks to establish if the adoption of International Financial Reporting Standards (IFRS) in Kenya has been associated with higher accounting quality for listed companies. The International Accounting Standards Board (IASB), in its objectives and preamble, supposes that the beneficial effects from IFRS adoption include transparency, accounting quality and reduced cost of capital. Based on these assumptions, this study applied accounting quality measures; earnings management, timely loss recognition and value relevance to find out whether the adoption of IFRS has led to improvements in accounting quality in companies listed in Kenya. The methodology is based on prior literature definition of metrics of accounting quality mainly earnings management, timely loss recognition and value relevance. The study differs from the previous ones by overcoming difficulties in controlling for confounding factors faced in previous studies which could have led to less reliable results. Three out of the eight metrics indicated that quality had marginally improved while five indicated that it had marginally declined. These mixed outcomes are very much in line with findings in other studies and the study contributes to the debate by explaining why accounting quality outcomes are still not consistent with IFRS promises in spite of improved test conditions.
dc.formatVolumes:1
dc.formatVolume Number:1
dc.identifier
dc.identifier.urihttp://hdl.handle.net/11071/3632
dc.languageeng
dc.publisherAfrica Journals Online (AJOL)
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dc.subjectIFRS
dc.subjectIAS
dc.subjectaccounting quality
dc.subjectearnings management
dc.subjecttimely loss recognition
dc.titleImpact of globalization on the human resource management function in developing countries: a case study of Kenya public corporations
dc.typeArticle
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