Abstract Financial reporting is an information system of business that should be presented in an understandable language to all the stakeholders. In the era of globalisation, India has become an economic force. To be a global leader, India has to adopt many changes required to interface with the stakeholders of India and abroad and comply with financial reporting standards. In this backdrop, a uniform... Financial reporting is an information system of business that should be presented in an understandable language to all the stakeholders. In the era of globalisation, India has become an economic force. To be a global leader, India has to adopt many changes required to interface with the stakeholders of India and abroad and comply with financial reporting standards. In this backdrop, a uniform international accounting system (International Financial Reporting Standards) has emerged. Many countries have adopted IFRS, and India plans to implement it in a phased manner to improve accounting quality through uniform standards. However, accounting quality is a function of the firm's institutional setting within the legal and political system of the economy in which it exists. IFRS implementation involves technical complexities and legal hurdles. This paper aims to understand the complexities and issues concerned with the delay in the implementation process. Primary data from 198 respondents, academicians, professionals, and business people, was collected using a five-point Likert scale and factor analysis. Kruskal Wallis tests were applied after the validation test. The test results showed no significant difference in the respondent's perceptions. It was found that the expert's view is to implement and make necessary changes for adoption to gain its benefits. The paper suggests training and removing legal hurdles soon. Read More Read Less

Abstract Sustainability is gaining traction across various domains and societies as they evolve and develop while considering societal and environmental concerns. This trend is also making its way into the insurance sector. As insurance companies strive to remain competitive, there is a growing focus on Environmental, Social, andGovernance (ESG) issues. To mitigate risks, these companies are implementing sustainable practices; however, the real... Sustainability is gaining traction across various domains and societies as they evolve and develop while considering societal and environmental concerns. This trend is also making its way into the insurance sector. As insurance companies strive to remain competitive, there is a growing focus on Environmental, Social, andGovernance (ESG) issues. To mitigate risks, these companies are implementing sustainable practices; however, the real challenge lies in determining how willing customers are to embrace and adopt sustainable insurance. This paper has been crafted to tackle these issues, considering several key factors influencing the adoption of sustainable insurance, including awareness of sustainable insurance, customer perceptions towards insurance, and the insurance companies themselves. The purpose is to analyze the adoption and utilization of sustainable insurance by evaluating customer perceptions and awareness. A survey was conducted among insurance clients in Karnataka, India, to assess their acceptance of sustainable insurance. Utilizing regression analysis, a connection was identified among the variables; the findings highlight the importance of increasing customer awareness and encouraging the adoption of sustainable insurance practices. Read More Read Less

Abstract This study investigates the impact of adopting International Financial Reporting Standards (IFRS) on financial reporting quality within emerging economies, specifically focusing on ASEAN nations. We examine the interplay between accounting standards (ACST), accounting disclosure quality (ADQ), sustainability reporting quality (SRQ), and their influence on firm market value (FMV). Utilizing a panel dataset of 3,211 firmyear observations from ASEAN-based companies between 2019 and 2023, sourced... This study investigates the impact of adopting International Financial Reporting Standards (IFRS) on financial reporting quality within emerging economies, specifically focusing on ASEAN nations. We examine the interplay between accounting standards (ACST), accounting disclosure quality (ADQ), sustainability reporting quality (SRQ), and their influence on firm market value (FMV). Utilizing a panel dataset of 3,211 firmyear observations from ASEAN-based companies between 2019 and 2023, sourced from Thomson Datastream, we employ quantitative techniques to analyze the relationships. Our findings reveal a significant negative association between SRQ and FMV, while ADQ exhibits a positive relationship with FMV. Furthermore, ACST plays a crucial moderating role, influencing the ADQ-FMV and SRQ-FMV relationships. These findings lend credence to agency theory, suggesting that adopting IFRS can mitigate agency problems, benefiting stakeholders through enhanced corporate transparency and financial performance. This research contributes to the ongoing discourse surrounding IFRS adoption, offering valuable insights for policymakers, investors, and academics alike. We conclude by acknowledging the limitations of our study and outlining potential avenues for future research. Read More Read Less

Abstract Although China and Central and Eastern European countries are far apart, the two sides have a long history of exchanges and profound traditional friendship. China's strengthening of trade ties with Central and Eastern European countries is significant for Chinese goods to occupy the European market. From the perspective of geospatial distribution, Central and Eastern Europe is generally used for geopolitical expression. The development space... Although China and Central and Eastern European countries are far apart, the two sides have a long history of exchanges and profound traditional friendship. China's strengthening of trade ties with Central and Eastern European countries is significant for Chinese goods to occupy the European market. From the perspective of geospatial distribution, Central and Eastern Europe is generally used for geopolitical expression. The development space is broader to make our Eurasian countries more economically connected, cooperative, and profoundly developed. We can use the innovative cooperation model to build the "Silk Road Economic Belt jointly". This paper calculates the relative trade index using an intelligent optimization algorithm (IOA). It analyses the comparative advantages of specific agricultural industries in China and Central and Eastern Europe. The comprehensive complementarity coefficient of bilateral trade is used to analyze the farm trade complementarity between the two sides. Under the background of "one belt and one road", central and Eastern European countries constitute an essential part of China's westward trade and development. To ensure that foreign trade policies can be carried out smoothly and lay a good foundation for cultural exchanges between China and Central and Eastern European countries in the new trade era. Read More Read Less

Abstract This study explores the direct and indirect influence of concepts such as accounting standards (AS), accounting disclosure quality (ADQ), sustainability reporting quality (SRQ), and firm performance in ASEAN firms. The data includes 3,211 firm-year observations over the 2019-2023 period collected from Thomson Datastream and analyzed by quantitative tools. The results revealed several important findings. First, AS directly and positively impacts SRQ as well as... This study explores the direct and indirect influence of concepts such as accounting standards (AS), accounting disclosure quality (ADQ), sustainability reporting quality (SRQ), and firm performance in ASEAN firms. The data includes 3,211 firm-year observations over the 2019-2023 period collected from Thomson Datastream and analyzed by quantitative tools. The results revealed several important findings. First, AS directly and positively impacts SRQ as well as ADQ. Second, ADQ has a direct and positive impact on firm performance while SRQ exerts a negative influence. Third, AS has an indirect and positive impact on firm performance through the mediation of ADQ and SRQ. The research results contribute to asymmetric information theory as IFRS adoption has reduced information asymmetry, bringing economic benefits to the parties involved in the transaction. Read More Read Less