Mandatory Financial Reporting Environment and Voluntary Disclosure: Evidence from Mandatory IFRS Adoption

Li, Xi; Yang, Holly

doi:10.2139/ssrn.2172014

Cited by 8 publications

(4 citation statements)

References 77 publications

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“…In this sense, convergence, being an exogenous event, creates an attractive setting for analysis of relationship between voluntary and mandatory disclosure, such as analyzed by LaBruslerie and Gabteni (2012), Balakrishnan, Li and Yang (2012) and Almeida and Rodrigues (2015).…”

Section: Hypothesis Variables E Modelmentioning

confidence: 99%

Voluntary disclosure in the context of convergence with International Accounting Standards in Brazil

Consoni

Colauto

2016

RBGN

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Purpose -The purpose of this paper is to verify the influence of the convergence process to International Financial Reporting Standards on the voluntary disclosure of listed Brazilian companies.Design/methodology/approach -A voluntary disclosure metric was designed and collected from a random sample of 66 companies registered as active in BM&FBovespa during the 2005-2012 period. For the hypothesis test it was used panel data regressions with random effects.Findings -The convergence process to International Financial Reporting Standards is presented as an exogenous factor that affected positively and significantly voluntary disclosure in the analyzed period. It leads to the complementary rationale between mandatory disclosure and the voluntary disclosure.Originality/value -The study presents a new metric for measuring the voluntary disclosure level, with the potential to understand the nature of the relationship between this and the mandatory disclosure. In the Brazilian capital market context, governed by the stakeholder model, convergence to International Financial Reporting Standards induced an increase on voluntary disclosure quality.

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Section: Hypothesis Variables E Modelmentioning

confidence: 99%

Voluntary disclosure in the context of convergence with International Accounting Standards in Brazil

Consoni

Colauto

2016

RBGN

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“…In the manager's incentives theory according to von Alberti-Alhtaybat (2012) includes the agency theory, signaling theory, and the theory of capital need. The previous study on the effect of voluntary disclosure to the asymmetry of information carried by Oluwagbemiga, (2014); Shroff et al (2013), Purwanti and Kurniawan (2013), Balakrishnan et al (2012) demonstrate the relationship.…”

Section: Elements Of Integrated Reporting and Information Asymmetrymentioning

confidence: 81%

The Accuracy of Earning Forecast Analysis, Information Asymmetry and Integrated Reporting – Case of Indonesia

Indrawati¹

2017

Journal of Accounting and Business Dynamics

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The purpose of this study is to examine factors that affect companies presents the elements of integrated reporting in their annual reports and how its effect on the accuracy of earnings forecast analysis and information asymmetry. The independent variables tested were institutional ownership, company size, profitability, international activities, and industry type and growth opportunity. The study population is non-financial companies listed on the Indonesia Stock Exchange in 2015. The samples were taken by using purposive sampling i.e. with some specific criteria. The data was analysed by using multiple regression analysis to examine the factors affecting the company presents the elements of integrated reporting in the annual report, and a simple regression to see how the presentation of the elements of integrated reporting affect the asymmetry of information and the accuracy of earnings forecast analysis. This study found that only the size of the companies determines the presentation of the elements ofintegrated reporting in the annual report. In addition, this study does not confirm the effect of the presentation of the elements of integrated reporting on the information asymmetry and the earnings forecast analysis accuracy.

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“…Um quase-experimento caracteriza-se como um evento não natural, que não foi controlado em um laboratório; este costuma ocorrer após um evento exógeno, não previsível, como, por exemplo, leis e políticas públicas. Para este artigo, o evento do IFRS foi divulgado como lei em 28 de dezembro de 2007 com início efetivo em Janeiro de 2008; por isso, foi considerado aqui como exógeno, assim como nos artigos que mesuraram o impacto da adoção do IFRS: por exemplo, Li (2010), Balakrishnan et al (2012), Silva (2013), Carvalho (2014) e Gasparini (2015).…”

Section: Relação Entre Ifrs E Criação De Valorunclassified

Relação Entre Ifrs Mandatório E Criação De Valor

Mendes¹,

Rabêlo

Nakamura

et al. 2020

Contab. Vista & Rev.

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Com o intuito de alcançar a convergência contábil, melhorar a comparabilidade e mensuração do valor econômico da firma, as normas IFRS - Internacional Financial Reporting Standards (Normas Internacionais de Informações Financeiras, em português), estabelecidas de forma mandatória no Brasil no ano de 2010, refletem menor custo de capital e consequente criação de valor para as firmas. O objetivo principal da pesquisa foi investigar empiricamente a relação entre IFRS mandatório e criação de valor das empresas de capital aberto não financeiras brasileiras. Foi utilizada uma amostra de empresas brasileiras regularmente negociadas na B3 (Brasil, Bolsa e Balcão) entre 2003 e 2014. O método econométrico utilizado foi diff-in-diff, que isola o efeito do IFRS por meio das características não observadas. Estimaram-se modelos com dados agrupados e painel com efeito aleatório. Para as métricas de criação de valor, foram encontrados efeitos positivos e significantes nas variáveis Q de Tobin e Market-to-Book. Os dados evidenciam que o IFRS mandatório impacta positivamente a criação de valor e mostram o aumento da qualidade nos demonstrativos financeiros.

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Mandatory Financial Reporting Environment and Voluntary Disclosure: Evidence from Mandatory IFRS Adoption

Cited by 8 publications

References 77 publications

Voluntary disclosure in the context of convergence with International Accounting Standards in Brazil

Voluntary disclosure in the context of convergence with International Accounting Standards in Brazil

The Accuracy of Earning Forecast Analysis, Information Asymmetry and Integrated Reporting – Case of Indonesia

Relação Entre Ifrs Mandatório E Criação De Valor

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