Transition to IFRS and compliance with mandatory disclosure requirements: What is the signal?

Tsalavoutas, Ioannis

doi:10.1016/j.adiac.2011.08.006

Cited by 105 publications

(189 citation statements)

References 65 publications

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“…This limits current understanding of the various motivations underlying corporate disclosures. Secondly, although corporate disclosures typically consist of mandatory and voluntary ones, existing studies have focused almost exclusively on understanding the determinants of, and motivations for, corporate voluntary disclosures to the neglect of mandatory disclosures (Abdul Karim, 2005Al-Janadi et al, 2016;Al-Janadi et al, 2013;Abdullah et al, 2015, Choi, 1973, Tsalavoutas, 2011, Shehata et al, 2014. Thirdly, although the majority of corporations are non-listed, existing studies examining the motivations for, and determinants of, corporate disclosures have focused mainly on listed corporations (Barako et al, 2006, Bozec andBozec, 2007).…”

Section: Second the Libyan Legal System Developed From A Combinationmentioning

confidence: 99%

Corporate boards, ownership structures and corporate disclosures

Alnabsha

Abdou

Ntim

et al. 2018

JAAR

137

136

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Purpose: This paper investigates the effect of corporate board attributes, ownership structure and firm-level characteristics on both corporate mandatory and voluntary disclosure behaviour in annual reports of Libyan firms.Design/methodology/approach: Multivariate regression techniques are used to estimate the effect of corporate board and ownership structures on mandatory and voluntary disclosures of a sample of Libyan firms between 2006 and 2010.Findings: First, we find that board size, board composition, the frequency of board meetings and the presence of an audit committee have an impact on the level of corporate disclosure. Second, this study finds an evidence that director ownership, foreign ownership, government ownership and institutional ownership have a non-linear effect on the level of corporate disclosure. Finally, we find that firm age, liquidity, listing status, industry type and auditor type are positively associated with the level of corporate disclosure.Limitation: Future research could investigate disclosure practices using other channels of corporate disclosure, such as corporate websites. Useful insights may be offered also by future studies by conducting in-depth interviews with corporate managers, directors and owners regarding these issues.Implication: Investors may also rely on such corporate governance characteristics to shape expectations about voluntary and/or mandatory information disclosure. Originality/value: Existing disclosure studies have mainly examined governance and voluntary disclosure relationship in non-listed firms. Our study, therefore, extends, as well as contributes to the existing literature by the examining the governance-disclosure nexus relating to both mandatory and voluntary disclosures in both listed and non-listed firms.

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Section: Second the Libyan Legal System Developed From A Combinationmentioning

confidence: 99%

Corporate boards, ownership structures and corporate disclosures

Alnabsha

Abdou

Ntim

et al. 2018

JAAR

137

136

View full text Add to dashboard Cite

show abstract

“…Tsalavoutas (2011) examined conformity with IFRS mandatory disclosure requirements by 153 listed companies in Greece during the 2005 transition year and found that conformity with mandatory disclosure requirements during the first year of IFRS adoption could be explained by the fact that IFRS implementation allows for changes in shareholders' equity and net income. The study concludes that such conformity could be explained not only by the financial measures and other firm characteristics identified in the literature as factors in IFRS compliance, but also by the major change in fundamental financial measures brought about by the new standards.…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

“…Numerous studies have examined the impact of IFRS adoption on firm financial disclosure, both mandatory and voluntary (Cormier, 2013;Barbu, et al, 2011;Demolli and Dufour, 2007;Gabteni, 2011;De La Bruslerie and Gabteni, 2011;Iatridis, 2012;Glaum, et al, 2013;Miihkinen, 2008;Nordlund, 2010;Tsalavoutas, 2011;Viana, 2008;Warwick Stent and Hooks, 2013;Pfeffer et al, 2012;Blanchette et al, 2013;Khan et al, 2014;Gibson, 2014 ;Liu and Sun, 2015;Thornton, 2015). Most of this research was conducted in the European context and led to the conclusion that firm financial disclosures have improved with the implementation of IFRS in adopting countries.…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

The Impact of IFRS Adoption on Canadian Firms’ Disclosure Levels

Mahjoub

Dicko

2017

ijafr

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This study examines a random sample of Canadian firms listed on the S&P/TSX Composite Index to find out whether disclosures in IFRS financial statements increased compared to disclosures based on the former Canadian generally accepted accounting principles. Results show that IFRS adoption has had a positive impact on the amount of information disclosed in financial statements. We conclude that disclosure levels in financial statements based on IFRS are much higher than formerly under Canadian GAAP.

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“…Studies of Carlin and Finch (2010;2011) covered relevant disclosure information according to IAS 36 in sample of 200 listed Australian companies. The results reveal that companies fail in providing information about discount rate, growth rate and specific measurements.…”

Section: Literature Review -Relevance Of Goodwillmentioning

confidence: 99%

“…Even when disclosures are mandatory, firms still have some flexibility in the way they report the information (Chen et al, 2000;Yeoh, 2005;Chavent et al, 2006;Tsalavoutas, 2011).…”

Section: Introductionmentioning

confidence: 99%

Quality of Disclosed Information with Emphasis on Goodwill Impairment

Boučková¹

2016

EFAJ

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Abstract:This paper focuses on an analysis of the mandatory disclosure of goodwill impairment information in compliance with the international accounting standard IAS 36. The international financial reporting standards require a wide range of disclosed information concerning the goodwill impairment such as the carrying amount of goodwill allocated to the cash generating unit, determination of the discount rate applied to areas such as cash flow projections or sensitivity analysis. Prior research on disclosure requirements of goodwill impairment has shown generally low level of compliance within the selected companies. The main goal of this paper is to find out whether companies with higher goodwill intensity disclose the information required by IFRS on the impairment of goodwill. An empirical approach consisted of analysing consolidated financial statements of selected companies listed on DAX 30 1 and FTSE 100 2 . Our sample covered 89 companies and focused on their statements from 2010 to 2013. The results showed generally low compliance that subsequently affected the comparability of statements. The following requirements were identified as critical -determination of growth rate, disclosure of growth rate used to extrapolate cash flow projections, determination of discount rate, discount rates applied to cash flow projections and disclosure of the sensitivity analysis. These findings can be further utilized by regulators in order to increase the quality of disclosures in financial statements.

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Transition to IFRS and compliance with mandatory disclosure requirements: What is the signal?

Cited by 105 publications

References 65 publications

Corporate boards, ownership structures and corporate disclosures

Corporate boards, ownership structures and corporate disclosures

The Impact of IFRS Adoption on Canadian Firms’ Disclosure Levels

Quality of Disclosed Information with Emphasis on Goodwill Impairment

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