The Impact of Legal and Voluntary Investor Protection on the Early Adoption of International Financial Reporting Standards (IFRS)

Renders, Annelies; Gaeremynck, Ann

doi:10.1007/s10645-006-9041-y

Cited by 64 publications

(40 citation statements)

References 47 publications

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“…Suavização de resultados é definida como um grau relativamente baixo de variabilidade dos lucros (Rouchon, 1994). De acordo com a hipótese da suavização de resultados (income smoothing), escolhas contábeis são utilizadas para reduzir flutuações dos lucros, em vez de maximizar ou mini-mizar lucros divulgados.…”

Section: Gerenciamento De Resultados Por Meio Do Income Smoothingunclassified

Convergência ao padrão IFRS e suavização de resultados em empresas de energia elétrica

Silva

Borges

Gonçalves

et al. 2017

BASE

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Este é um artigo de acesso aberto, licenciado por Creative Commons Atribuição 4.0 Internacional (CC BY 4.0), sendo permitidas reprodução, adaptação e distribuição desde que o autor e a fonte originais sejam creditados. RESUMOO objetivo da pesquisa é o de analisar se houve um aumento no nível de gerenciamento de resultados (GR) pelo método income smoothing nas companhias do subsetor de energia elétrica listadas na B3 com a adoção das normas contábeis do IASB. A referida proposta é oportuna, uma vez que, em razão da maior flexibilidade das normas, há possibilidade de maior GR. Por outro lado, trata-se de subsetor fortemente regulamentado, instigando, por seu turno, se esse fator poderia inibir tais práticas. et al. (2008), com adaptações, em que uma menor variabilidade no lucro líquido é vista como prática de maior suavização de resultados e maior GR. Os achados da pesquisa evidenciam uma redução no nível de income smoothing a partir da adoção das IFRS (International Financial Reporting Standards). Com efeito, as conclusões permitem inferir que a adoção dessas normas nas empresas do referido subsetor pode melhorar a qualidade da informação contábil e, por conseguinte, reduzir os níveis de gerenciamento de resultados, principalmente pela exigência de maior evidenciação e qualidade dos relatórios contábeis, o que corrobora os resultados das pesquisas de Barth et al. (2008), Iatridis (2010) e Chen et al. (2010.Palavras-chave: suavização de resultados, setor elétrico, normas internacionais. ABSTRACTThe objective of this research is to analyze if there has been an increase in earnings management level (GR) using the income smoothing method in the electricity sector companies listed on the B3 with the adoption of the accounting standards of the IASB. The proposal is timely, since, due to the greater flexibility of the rules, there is the possibility of a greater GR. On the other hand, it is a heavily regulated industry, prompting, in turn, the possibility of this factor inhibiting such practices. Were analyzed the financial statements from 2003 to 2007 as the preconvergence period, and 2010 to 2014 as the post-convergence period. As GR proxy, the variance of waste equation proposed by Chen et al.

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Section: Gerenciamento De Resultados Por Meio Do Income Smoothingunclassified

Convergência ao padrão IFRS e suavização de resultados em empresas de energia elétrica

Silva

Borges

Gonçalves

et al. 2017

BASE

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“…Differentiation can be possible at the outset of (i.e., even before enactment of) new mandatory requirements or related to voluntary disclosures. In relation to new mandatory requirements companies may become "first movers" as suggested by prior research on early adopters of financial reporting requirements (e.g., Daske, 2006;Hoogendoorn, 2006;Renders and Gaeremynck, 2007). It could be that they are seeking to benefit from first mover advantages, while the "followers" are trying to benefit from "free rider" advantages (Lieberman and Montgomery, 1988).…”

Section: Differentiation In a Harmonisation Environmentmentioning

confidence: 99%

“…In relation to voluntary disclosure the differentiation is a matter of certain companies deciding to disclose more financial information (e.g., Gray, Meek and Roberts, 1995;Renders and Gaeremynck, 2007) and/or non-financial information (e.g., Berglöf and Pajuste, 2005;Eng and Mak, 2003) than other companies. Paradoxically, the companies are trying to be exceptional by making reporting decisions which make them similar in a global environment.…”

Section: Differentiation In a Harmonisation Environmentmentioning

confidence: 99%

“…In prior studies the level of corporate governance disclosure has been considered as the appropriate choice variable (Berglöf and Pajuste, 2005;Eng and Mak, 2003;Holm and Schøler, 2010;Renders and Gaeremynck, 2007). The reason is that corporate governance disclosure is not an absolute but rather a relative issue, i.e., all companies disclose corporate governance related items to a certain extent.…”

Section: Differentiation In a Harmonisation Environmentmentioning

confidence: 99%

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Board Competency Explanations for Differentiation in a Harmonisation Environment

Holm

Schøler

2012

RES

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Some companies decide to differentiate from others even though the regulatory establishments such as the European Union and IASB constantly strive to encourage comparability and the need for harmonisation of reporting behaviour and governance structures. Under the harmonization regime, decisions to differentiate become strategic in nature and are placed in the hands of the (supervisory) board. We examine the influence of the competency and background of supervisory board members on decisions to differentiate in reporting and governance structure. We use data from 100 listed Danish companies. We find that early IFRS implementation is related to board competency in the form of international experience, while corporate governance disclosure level is related to internationalisation, professional background in accounting/finance and gender diversity. We also find that differentiation through voluntary implementation of audit committees is related to international experience, while board decisions to abandon the Danish joint audit regime are unrelated to competency measures.

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“…Reduction of earnings management is a consequence of the firms IFRS implementation (Render and Gaeremynck, 2007).…”

Section: Introductionmentioning

confidence: 99%

The Effect of the International Accounting Standards on the Related Party Transactions Disclosure

Antonios¹

2011

American Journal of Applied Sciences

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Problem statement: Several recent North American corporate scandals have brought attention to the potential for accounting manipulations associated with Related Party Transactions (RPTs), which have lead to a decline in perceived earnings quality. We examine the value relevance of disclosed RPTs in Greek corporations. Approach: We focus on two types of RPTs: sales of goods and sales of assets, using a value relevance approach. Results: From 2002-2007, we find that the reported earnings of firms selling goods or assets to related parties exhibit a lower valuation coefficient than those of firms in Greece without such transactions. This result is not observed during 2005-2007 after a new fair value measurement rule for RPTs came into effect. Conclusion: Our evidence suggests that the new RPT regulation in Greece is perceived to be effective at reducing the potential misuse of RPTs for earnings management purposes. Since RPTs have been the subject of numerous scandals in North America, our evidence from the Greek stock markets suggests that new RPT accounting standards could prove an efficient solution to this issue.

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The Impact of Legal and Voluntary Investor Protection on the Early Adoption of International Financial Reporting Standards (IFRS)

Abstract: corporate governance, IFRS adoption, legal investor protection, private benefits of control,

Cited by 64 publications

References 47 publications

Convergência ao padrão IFRS e suavização de resultados em empresas de energia elétrica

Convergência ao padrão IFRS e suavização de resultados em empresas de energia elétrica

Board Competency Explanations for Differentiation in a Harmonisation Environment

The Effect of the International Accounting Standards on the Related Party Transactions Disclosure

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