The effect of corruption and culture on mandatory disclosure compliance levels: Goodwill reporting in Europe

Mazzi, Francesco; Slack, Richard; Tsalavoutas, Ioannis

doi:10.1016/j.intaccaudtax.2018.06.001

Cited by 62 publications

(65 citation statements)

References 143 publications

(211 reference statements)

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“…The estimation results for Model 1 indicate that SIZE is significantly positively associated with the level of compliance (coef =0.069; p =.0047). This finding is aligned with previous literature that suggests that larger firms are expected to disclose more information than smaller firms (Ajili & Bouri, 2018;Archambault & Archambault, 2003;Cascino & Gassen, 2015;Mazzi et al, 2018;Santos et al, 2014).…”

Section: Determinants Of Level Of Compliancesupporting

confidence: 91%

“…Similarly, firm size is positively associated with the level of disclosure (Ajili & Bouri, 2018;Cascino & Gassen, 2015;Mazzi et al, 2018;Santos et al, 2014). Larger firms tend to be more exposed to public demand for information and are therefore more likely to disclose more to reduce political pressure (Archambault & Archambault, 2003).…”

Section: Explanatory Factors and Empirical Modelsmentioning

confidence: 99%

“…In addition, a stream of literature addresses the motives for mandatory disclosure, especially under IFRS Standards. While expectations are companies disclose mandatory information, a body of literature provides empirical evidence of non-compliance and variation in the level of firms' compliance with IFRS Standards disclosure requirements (e.g., Bepari et al, 2014;Carlin & Finch, 2010;Che Azmi & English, 2016;Glaum et al,;Izzo et al, 2013;Lazar & Velte, 2018;Lucas & Lourenço, 2014;Mazzi et al, 2017Mazzi et al, , 2018Wang, 2019). This literature argues that accounting practices do not develop in a vacuum but are determined by a set of firm and country characteristics.…”

Section: Empirical Literature On Compliance With Ifrs Disclosure Requirementsmentioning

confidence: 99%

See 2 more Smart Citations

Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12

Sarquis

Santos

Lourenço

et al. 2021

Financ Manag Account

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This study provides empirical evidence on changes in entities’ reporting of interests in joint ventures from proportionate consolidation to the equity method following adoption of IFRS 11 and their application of the corresponding IFRS 12 disclosure requirements. The sample includes 551 firms from 26 countries affected by the adoption of IFRS 11 (1,858 financial statements). The findings indicate that many firms are not fully complying with IFRS 12 disclosure requirements and that firm‐level characteristics (e.g., size, leverage, and ownership concentration) contribute more to explaining the level of (non)compliance, when compared to country‐level variables (e.g., legal system and emerging versus developed countries). We also find that the level of materiality of joint ventures is positively associated with the level of compliance with IFRS 12 disclosure requirements. Our results contribute to the literature on the determinants of compliance with IFRS Standards disclosure requirements and bring important insights for the post‐implementation review of IFRS 11 and IFRS 12 occurring between 2020 and 2022.

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Section: Determinants Of Level Of Compliancesupporting

confidence: 91%

Section: Explanatory Factors and Empirical Modelsmentioning

confidence: 99%

Section: Empirical Literature On Compliance With Ifrs Disclosure Requirementsmentioning

confidence: 99%

See 1 more Smart Citation

Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12

Sarquis

Santos

Lourenço

et al. 2021

Financ Manag Account

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“…Our measure of corruption is based on the Corruption Perception Index (CPI) calculated from Transparency International (TI) and has been extensively used by prior literature as a proxy for corruption in a country (e.g. DeBacker, Heim, & Tran, 2015;Liu, 2016;Mazzi, Slack, & Tsalavoutas, 2018). 15 CPI is calculated annually and scores countries based on the perceived level of corruption among public officials and politicians.…”

Section: Corruption As a Determinant Of Development Costs Capitalized (H1 And H3)mentioning

confidence: 99%

Country-level corruption and accounting choice: Research & development capitalization under IFRS

Mazzi

Slack

Tsalavoutas

et al. 2019

The British Accounting Review

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.

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“…Similarly, although as previously mentioned a lot of empirical evidences have been conducted in testing the implication of IFRS implementation, [36] stated that limited studies focused on the factors that may accelerate or decelerate the IFRS implementation. [33] also agreed that firms' compliance levels of IFRS differ across countries and times as well. Based on this, we provide a testable conceptual framework that should provide a path on figuring out the reasons for the conflicting findings of international accounting standards implementation and accounting quality.…”

Section: Introductionmentioning

confidence: 97%

Linking Institutional Environment to the IFRS and Accounting Quality: A Proposed Framework

Fuad¹,

Zulaikha²,

Juliarto³

2021

ujaf

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Debates on whether the new globally adopted accounting standard outperforms national generally accepted accounting principles have not yet reached the final conclusion. Prior researches were mixed and often yield to contradictory findings. Our study believes that there are numerous institutional backgrounds that contribute to these inconclusive findings. The main objective of this study is to propose a testable framework on the impact of implementation of International Financial Reporting Standards on accounting qualities. The proposed framework based on the assumption that accounting should be linked to its social, political influences and culture. In this regard, we proposed whether the positive effects of IFRS implementation to the increase of accounting qualities may also be enhanced (impaired) by the firms' national culture and corruption at the country level. This study should provide further research some preliminary arguments on how the accounting information quality is not affected by the high-quality accounting standards, per se. Rather, our study conveys worth-looking message that IFRS-accounting quality may also be influenced by those institutional environments. Hopefully, this may provide a way out of the intractable debate of prior research.

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The effect of corruption and culture on mandatory disclosure compliance levels: Goodwill reporting in Europe

Cited by 62 publications

References 143 publications

Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12

Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12

Country-level corruption and accounting choice: Research & development capitalization under IFRS

Linking Institutional Environment to the IFRS and Accounting Quality: A Proposed Framework

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