Understanding adoption of Anglo-American models of corporate governance and financial reporting in emerging economies : an integrated institutional perspective

The complexity of diffusion of internationally acceptable practices of corporate governance and financial reporting requires a holistic and an in-depth understanding. Recognizing that institutions are shapers of organizational arrangements and organizational players have an active role in reconfiguring institutional settings, this paper sets out an integrated institutional framework for understanding the implementation of Anglo-American models in emerging economies, which incorporates international influences, domestic influences and intra-organizational dynamics. The emphasis on the interplay between institutional context and organizational actions assists in understanding how organizational players respond to, interpret and practise the imported ideas. The framework is offered as a starting point for researchers interested in studying corporate governance related financial reporting issues associated with the convergence process in emerging economies.