Disclosure Level and Compliance with IASs: A Comparison of Companies With and Without U.S. Listings and Filings

Street, Donna L.; Bryant, Stephanie M.

doi:10.1016/s0020-7063(00)00060-1

Cited by 195 publications

(190 citation statements)

References 13 publications

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“…This finding is consistent with Chalmers and Godfrey (2004), who also document a significantly positive relationship between size and FI disclosure. However, this result is inconsistent with a number of studies where the company size variable is insignificant (Glaum and Street, 2003;Hodgdon, 2004;Street and Bryant, 2000;Street and Gray, 2001;Tower et al, 1999). One possible explanation for the difference is that firm size is more heterogeneous among the current Jordanian sample than in other studies of developed countries.…”

Section: Insert Tables 4 and 5 Herecontrasting

confidence: 75%

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

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Abstract:The current study investigates factors affecting Financial Instruments (FI) disclosure for a sample of Jordanian listed companies (82 firms) over two consecutive years (2013 and 2014). An un-weighted disclosure index is used to examine the extent of FI disclosure. In addition, the study employs a number of multiple regression models to examine the determinants of FI disclosure. The findings indicate that the level of FI disclosure provided by the sample firms is relatively low with only 52% of FI-related items being supplied. In addition, the results illustrate that the level of FI-related disclosure has a statistically positive association with firm size, the audit firm employed and corporate governance attributes. However, the current study fails to document significant associations between FI disclosure and firm industry or ownership structure variables. This research provides a number of insights for policy makers. First, the results of the current study could help the IASB when revisiting FI-related accounting standards to consider an emerging country's perspective. In addition, it provides some insights to accounting regulators in Jordan about how Jordanian listed firms respond to IFRS 7 requirements.

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Section: Insert Tables 4 and 5 Herecontrasting

confidence: 75%

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

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“…They find evidence that the decision to apply IAS is significantly associated with financing policy and performance, foreign operations and multiple international listings. Street and Bryant (2000), Ashbaugh (2001) find support for these findings by identifying differences between non US-companies preparing reporting financial information in accordance with IAS or US GAAP with and without US listing and filings. In particular, their results show that companies traded in US financial markets disclose IAS or US GAAP financial information because they can provide more standardized information than information prepared under national GAAP.…”

Section: Prior Researchmentioning

confidence: 87%

“…The studies on the adoption of IAS/IFRS by European companies investigate the implications of the introduction of this set of international accounting standards by adopting two main research approaches: a first group of studies focuses on the transition and implementation of IAS/IFRS and in particular it highlights their effects for firms (Jermakowicz, 2004;Street and Larson, 2004;Sucher and Jindrichovska, 2004;Vellam, 2004) and for local and international regulators (Weißenberger et al, 2004;Haller and Eierle, 2004;Shipper, 2005;Whittington, 2005); a second category investigates the financial reporting under IAS/IFRS with reference to the compliance to IAS/IFRS (Emenyonu and Gray, 1996;Dumontier and Raffounier, 1998;El-Gazzar et al, 1999;Murphy, 1999;Street and Bryant, 2000;Ashbaugh, 2001;Glaum and Street 2003;Tarca, 2004;Cuijpers and Buijink, 2005) and the quality of information under IAS/IFRS (Ashbaugh and Pincus, 2001;Hung and Subramanyam, 2004;Barth et al, 2005;Van Tendeloo and Vanstraelen, 2005).…”

Section: Prior Researchmentioning

confidence: 99%

Conceptual Issues and Challenges in IFRS Research : Towards a Comprehensive Research Framework

Kulkarni

Aanand

2017

Indian Journal of Finance

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Abstract:The European Commission has required the adoption of IAS/IFRS in order to harmonize financial reporting standards for European listed companies as of 1 January 2005. Converting to IAS/IFRS has represented much more than a change in accounting rules, and firms' main concern has been to understand the extent to which accounting differences between national GAAP and IAS/IFRS could affect their reported performance. The purpose of the paper is to address this concern by providing empirical evidence of the nature and the size of the differences between Italian GAAP and IAS/IFRS. The total and individual differences between Italian accounting principles and IAS/IFRS are identified in the reconciliations of net income and shareholders' equity of Italian listed companies in order to show the major impacts of the conversion to IAS/IFRS. The findings indicate a more relevant total impact of such a transition on net income than shareholders' equity. The individual adjustments show a more significant discrepancy between the two set of standards in the accounting treatment of business combination, provisions, financial instruments and intangible assets with reference to both net income and shareholders' equity; while the individual accounting differences in income taxes, and property, plant, and equipment show a significant difference only on shareholders' equity.

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“…before the IASB was founded, when IAS/IFRS were voluntarily adopted (Chatham, 2008 ;Street & Gray,2002 ;Street & Bryant, 2000 ).…”

Section: Conformity Of the Information Reported With The Ifrs Standardmentioning

confidence: 99%

Segment Information: What Do European Small and Mid-Caps Disclose?

Demerens¹,

Delvaille²,

Manh³

et al. 2017

IBR

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The adoption of the IFRS 8 accounting standard symbolises the IASB's dual commitment: an effort toward convergence and harmonisation with the American standard, but also an effort to optimise the standardisation process through an unprecedented study: a post-implementation review. Many studies have laid the groundwork for an implementation review of the standard, mostly focusing on large firms. However, intermediate-size companies -which are much more numerous -are also faced with the application of IFRS standards. In this context, our study aims to analyse the implementation of IFRS 8 by a sample of intermediate-size European listed companies. Our research questions mainly focus on issues of compliance with the standard and the comparability of segment information reported by intermediate-size European companies. Our findings reveal a lower level of compliance than that observed in previous studies on samples of multinationals. The intermediate-size European companies in our sample use fewer segments and provide less information per segment, without however neglecting voluntary disclosures. Some significant differences emerge between companies depending on their country of domicile and their economic sector.

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Disclosure Level and Compliance with IASs: A Comparison of Companies With and Without U.S. Listings and Filings

Cited by 195 publications

References 13 publications

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Conceptual Issues and Challenges in IFRS Research : Towards a Comprehensive Research Framework

Segment Information: What Do European Small and Mid-Caps Disclose?

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