Consolidated financial reporting and the effect of mandatory IFRS adoption on the information content of earnings announcements: evidence from Korea

Kim, Joonhyun; Jung, Sukyoon; Ha, Mi-Hye

doi:10.1080/16081625.2018.1517601

Cited by 4 publications

(4 citation statements)

References 51 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Regulatory compliance with minimum cost can be promoted by applying such technologies in a business reporting environment (Ilias et al, 2020;Hoitash et al, 2021). XBRL eliminates more repetitive clerical tasks by an accountant, which eliminates errors in financial reports and promotes accuracy (Kim and Park, 2015). Further, it also enhances the overall quality of financial reporting that fulfils the varied information requirements of all the stakeholders (Chen and Gao, 2021).…”

Section: Discussion and Contributionsmentioning

confidence: 99%

The influence of XBRL technology on the quality of financial reporting: exploring mediating variables in the Indian context

N.,

Divyashree,

Rahiman

et al. 2024

View full text Add to dashboard Cite

Purpose This study aims to examine the impact of extensible business reporting language (XBRL) technology and its functionality on various aspects of financial reporting and its overall quality. Design/methodology/approach To conduct this study, data was collected from a variety of professionals, including accountants, auditors, tax advisors and others. A structured research instrument was developed, and the collected data were analysed using structural equation modelling and mediation analysis techniques. Findings The study’s results showed that XBRL technology and its functionality have a noteworthy impact on different aspects of financial reporting. Moreover, the various aspects of financial reporting positively affect the overall quality of financial reporting. Research limitations/implications This study solely relied on the opinions of various professionals regarding the current issue under investigation and did not empirically assess the reporting practices of companies by examining their XBRL-based reports. Additionally, it concentrated solely on financial reporting aspects and did not account for non-financial aspects. The main theoretical contributions of this paper to technology in financial reporting, XBRL and accounting literature are that it sheds light on the influence of the use of technologies in the business reporting process and their influence on various aspects of business reporting, which has only received confined focus from earlier studies so far. Practical implications This study’s findings could provide valuable insights to the managerial teams of organizations seeking to digitize their business reporting practices, specifically in areas such as regulatory compliance, integrated reporting and timely dissemination of reports in a sustainable way. Furthermore, it could help these teams reap the benefits of technology for various regulatory compliance matters. Originality/value This study could assist business organizations and regulatory authorities in adopting and implementing technology such as XBRL for accounting and business reporting. Furthermore, the study’s findings can aid in enhancing financial reporting practices by considering emerging aspects such as ESG and sustainability aspects.

show abstract

Section: Discussion and Contributionsmentioning

confidence: 99%

The influence of XBRL technology on the quality of financial reporting: exploring mediating variables in the Indian context

N.,

Divyashree,

Rahiman

et al. 2024

View full text Add to dashboard Cite

show abstract

“…We obtain financial data from the OSIRIS database and focus on the manufacturing industry as two US SIC codes (20)(21)(22)(23)(24)(25)(26)(27)(28)(29)(30)(31)(32)(33)(34)(35)(36)(37)(38)(39). The manufacturing industry differs from service industries in terms of higher plant and machinery types and debt-equity structure patterns.…”

Section: Methodology and Datamentioning

confidence: 99%

“…Myers [29] proposed that POT addresses market timing, adverse section, and signaling effects to make financial decisions under the umbrella of asymmetric information opportunities and threats related to shares, bonds, and other financial loans. Information plays a critical role in capital markets, particularly in disclosing earnings announcements, mostly cited in accounting literature [38]. The firm prefers to issue new equities instead of debt to capture the asymmetric information opportunity for the overvalued shares [29].…”

Section: Pecking Order Theory and Speed Of Capital Adjustmentmentioning

confidence: 99%

Unleashing the Moderating Influence of Firms’ Life Cycle Stages and National Income on Capital Structure Targeting Behavior: A Roadmap towards Sustainable Development

et al. 2023

View full text Add to dashboard Cite

Firms adjust their capital structures to avoid financial distress and bankruptcy to sustain in the market. Asian firms have significantly different financial patterns than their USA and European counterparts. The moderation model gains a better understanding of the relationship between the model variables. We tested the moderating roles of life cycle stages and macro-economic factor gross national income per capita to find their moderating impacts on the speed of adjustment towards target capital structures of Asian manufacturing firms from 2010 to 2018. Our sample of manufacturing industries comes from the eleven Asian economies. We used the dynamic GMM model to estimate moderating impacts and applied the pooled OLS and fixed effect estimations to test the validity of the coefficient of lagged leverage. We find that life cycle stages have positive moderating impacts, and different gross national incomes per capita have no significant effects in adjusting the capital structure. We test the combined moderating impacts of the life cycle and gross national income by applying the full model. The results reveal that moderator variables significantly impact adjusting the target capital structure. From the policy perspective, it is recommended that investors should consider the firms’ life cycle stages and per capita income of the economy in making their international investment portfolios. The government should ensure requisite finance for firms at subsidized interest rates to financially support them at critical stages like introduction and decline.

show abstract

“…The increasing accuracy of the analysis of financial analysts is because international accounting standards require disclosure of financial conditions that are more detailed than local accounting standards. Implementation of IFRS in general can facilitate understanding of financial statements with the use of internationally known Financial Accounting Standards (Kim et al 2018). Financial reports can also increase the flow of global investment through transparency and reduce capital costs by opening opportunities through the capital market globally (Kurt, 2018).…”

Section: Introductionmentioning

confidence: 99%

Audit Lag Criteria Report as a Determination of the Reliability and Quality of Auditor's Report in Indonesia

Muda¹,

Davis²,

Erlina³

et al. 2020

RWE

View full text Add to dashboard Cite

This paperaims to knowthe quality indicatorsof the financial statements which consist of profitability, solvency and reputation of Registered Public Accountant (KAP)to the audit lagwith company size as a moderation variable either partially or simultaneously in LQ45 companies. This research is a comparative causal research with ex post facto approach. Purposive sampling technique is used in this research and there are 18 samples collected by this technique from LQ45 in Indonesia Company Issueryear 2010-2016. The data analyzed research is 126. Data analysis technique used Moderated Regression Analysis (MRA) with the Application ofEviews Software. The study concluded thatstudy showed that solvency, reputation of the public accounting firm and company size had a significant effect on Audit Lag, while profitability had no significant effect on Audit Lag. The size of a company able to moderate the effect of independent variablesto the Audit Lag and not haveto moderate the effect of the profitability to the Audit Lag.

show abstract

Consolidated financial reporting and the effect of mandatory IFRS adoption on the information content of earnings announcements: evidence from Korea

Cited by 4 publications

References 51 publications

The influence of XBRL technology on the quality of financial reporting: exploring mediating variables in the Indian context

The influence of XBRL technology on the quality of financial reporting: exploring mediating variables in the Indian context

Unleashing the Moderating Influence of Firms’ Life Cycle Stages and National Income on Capital Structure Targeting Behavior: A Roadmap towards Sustainable Development

Audit Lag Criteria Report as a Determination of the Reliability and Quality of Auditor's Report in Indonesia

Contact Info

Product

Resources

About