scholarly journals INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS AND CHANGES IN THE SEGMENT REPORT STRUCTURE: FROM VOLUNTARY DISCLOSURE TO CPC 22 ADVENT

2014 ◽  
pp. 67-83
Author(s):  
Eliandro Schvirck ◽  
Rogério João Lunkes ◽  
Valdirene Gasparetto ◽  
José Alonso Borba
Keyword(s):  
Voluntary Disclosure ◽  
Accounting Standards ◽  
International Convergence

Cross-Listings and Voluntary Disclosure: International Evidence

2019 ◽  
Vol 4 (2) ◽  
pp. 89-113 ◽  
Author(s):  
Long Chen ◽  
Yashu Dong ◽  
Jeff Ng ◽  
Albert Tsang
Keyword(s):  
Voluntary Disclosure ◽  
Accounting Standards ◽  
Institutional Ownership ◽  
Management Forecasts ◽  
Listed Firms ◽  
International Evidence ◽  
Management Forecast ◽  
Cross Listing ◽  
International Setting ◽  
Foreign Institutional Investors

This paper examines changes in firms' disclosure behavior around cross-listings. Using an international setting, we find significant differences in management forecast likelihood and frequency between cross-listed firms and firms with similar characteristics but that are not cross-listed; particularly when differences in accounting standards between a cross-listed firm's home and target countries are larger. Further, we find that firms choosing to cross-list in target countries with larger accounting standards differences tend to provide more voluntary disclosure during the two years preceding a new cross-listing, rather than during the earlier time periods or the period after cross-listing, and such voluntary disclosure helps firms attract more foreign institutional ownership in their cross-listing target countries. Collectively, our evidence suggests that although differences in accounting standards across countries deter firms' cross-listing activities, cross-listed firms, by providing more management forecasts voluntarily, preemptively alleviate the information disadvantage faced by foreign institutional investors.

Toward a Positive Theory of Disclosure Regulation: In Search of Institutional Foundations

2013 ◽  
Vol 88 (3) ◽  
pp. 789-824 ◽  
Author(s):  
Jeremy Bertomeu ◽  
Edwige Cheynel
Keyword(s):  
Voluntary Disclosure ◽  
Accounting Standards ◽  
Professional Organization ◽  
Accounting Choice ◽  
Unified Framework ◽  
Positive Theory ◽  
Voluntary Disclosures ◽  
Bargaining Process ◽  
Disclosure Rules ◽  
Institutional Foundations

ABSTRACT This article develops a theory of standard-setting in which accounting standards emerge endogenously from an institutional bargaining process. It provides a unified framework with investment and voluntary disclosure to examine the links between regulatory institutions and accounting choice. We show that disclosure rules tend to be more comprehensive when controlled by a self-regulated professional organization than when they are under the direct oversight of elected politicians. These institutions may not implement standards desirable to diversified investors and, when voluntary disclosures are possible, allowing choice between competing standards increases market value over a single uniform standard. Several new testable hypotheses are also offered to explain differences in accounting regulations. JEL Classifications: C78; D02; D04; D71; D72; D79; G28; L51; M41; M48.

scholarly journals Convergence of Chinese accounting standards with IFRS

2018 ◽  
Vol 2018 (98 (154)) ◽  
pp. 167-184
Author(s):  
Teresa Martyniuk ◽  
Celina Bójczuk
Keyword(s):  
Financial Reporting ◽  
Accounting Standards ◽  
Accounting System ◽  
Chinese Market ◽  
Chinese Enterprises ◽  
Information Gap ◽  
Harmonization Process ◽  
International Importance ◽  
International Convergence

The advancing globalization processes and the emergence of international corporations have contributed to the need for internationalization of accounting information. The international convergence of account- ing standards has therefore become a necessity. The concentration of investors on the Chinese market, its development and the growth of international importance caused China to begin reforming its accounting system. This study fills the information gap regarding the evolution of accounting and financial reporting in China. The main goal of the study is to show the evolution of accounting regulations and their effects in China. In order to accomplish the main goal, the following auxiliary objectives were adopted in the article: indication of difficulties and obstacles in the introduction and application of new standards, analy- sis of the scope of changes in relation to previous regulations and indication of differences in Chinese accounting standards in relation to IFRS. In addition, the study recounts ACCA's research to assess the quality of financial statements of Chinese enterprises after the introduction of new standards and the bene-fits of the harmonization process. The conclusions from their analysis are definite: convergence with IFRS has significantly improved the quality of reported financial data. However, it should be emphasized that these benefits are not uniform. They are most visible in the production sector, among companies in which investors have greater demand for information and also among those that are more dependent on external capital.

A Rationale for Imperfect Reporting Standards

2021 ◽  
Author(s):  
Henry L. Friedman ◽  
John S. Hughes ◽  
Beatrice Michaeli
Keyword(s):  
Financial Reporting ◽  
Private Information ◽  
Voluntary Disclosure ◽  
Accounting Standards ◽  
Direct Costs ◽  
General Purpose ◽  
Mandatory Reporting ◽  
Comparative Statics ◽  
Voluntary Disclosures ◽  
Financial Reports

The aim of general purpose financial reporting is to provide information that is useful to investors, lenders, and other creditors. With this goal, regulators have tended to mandate increased disclosure. We show that increased mandatory disclosure can weaken a firm’s incentive to acquire and voluntarily disclose private information that is not amenable to inclusion in mandated reports. Specifically, we provide conditions under which a regulator, seeking to maximize the total amount of information provided to investors via both mandatory and voluntary disclosures, would mandate less informative and more conservative financial reports even in the absence of any direct costs of increasing informativeness. This result is robust to allowing the firm to make reports more informative and to imposing a nondisclosure cost or penalty on the firm. The results and comparative statics analysis contribute to our understanding of interactions between mandatory reporting and voluntary disclosure and demonstrate a novel benefit to setting accounting standards that mandate imperfectly informative reports. This paper was accepted by Suraj Srinivasan, accounting.

scholarly journals Editorial: Challenging issues and fundamental concepts of corporate governance

2018 ◽  
Vol 16 (1-1) ◽  
pp. 110-111
Author(s):  
Domenico Rocco Cambrea
Keyword(s):  
Corporate Governance ◽  
South America ◽  
Financial Institutions ◽  
Voluntary Disclosure ◽  
Accounting Standards ◽  
Gender Quotas ◽  
International Accounting Standards ◽  
Risk Disclosure ◽  
Governance System

The recent volume examines several relevant topics in the international framework such as the role of corporate governance in financial institutions both in Italy and in international contexts, the governance system in Italy, with a specific focus on the adoption of gender quotas and on risk disclosure. Two very interesting researches that highlight, respectively, the determinants of the voluntary disclosure and the importance of international accounting standards in South America, complete the issue.

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