The Impact of Corporate Governance on IFRS Adoption Choices

Verriest, Arnt; Gaeremynck, Ann; Thornton, Daniel B.

doi:10.1080/09638180.2011.644699

Cited by 115 publications

(33 citation statements)

References 50 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…; Verriest et al. ), but also strengthens the scarce literature on the relevance of goodwill disclosures in capital markets (Paananen ; Tsalavoutas and Dionysiou ; Baboukardos and Rimmel ). Finally, this work may be of interest to standards organisations, regulators and supervisors of capital markets, in that it has the potential to reinforce the importance of the projects in progress or assist with the revision of IFRS 3, or improve the quality of IAS/IFRS disclosures (ESMA , ; EFRAG et al.…”

supporting

confidence: 67%

See 1 more Smart Citation

Goodwill and Mandatory Disclosure Compliance: A Critical Review of the Literature

Carvalho

Rodrigues

Ferreira

2016

Australian Accounting Review

View full text Add to dashboard Cite

The aim of this paper is to critically analyse the literature published from 2002 to mid‐2015 on disclosures of goodwill and their respective impairment tests; identify the main contributions of the literature, as well as its limitations; and suggest new approaches for future research. We also present a summary of the main determinants of disclosures on goodwill in the literature as well as the still scarce studies’ conclusions of those disclosures in the market. After a review of the literature, we discuss the need to reinforce enforcement mechanisms, so as to improve the level of compliance of disclosures on goodwill and their impairment tests. The majority of the analysed literature reveals that the information disclosed about goodwill is incomplete and largely heterogeneous, indicating a reduced level of compliance with the disclosures required by accounting standards. The paper may support the development of future empirical studies about goodwill's disclosures, which will bridge the identified gaps in the literature.

show abstract

supporting

confidence: 67%

“…; Chen and Zhang ; Tsalavoutas ; Verriest et al. ). These studies, which analyse the overall implementation of various regulations, continue to show a high non‐compliance with disclosure requirements and a substantial heterogeneity on disclosure among companies and countries.…”

Section: Compliance Of Goodwill Disclosuresmentioning

confidence: 99%

Goodwill and Mandatory Disclosure Compliance: A Critical Review of the Literature

Carvalho

Rodrigues

Ferreira

2016

Australian Accounting Review

View full text Add to dashboard Cite

show abstract

“…Studies looking at financial reporting effects are grouped into three subcategories: compliance and accounting choice studies, studies analysing the properties of accounting numbers, and value relevance studies. The analysis shows that in compliance and accounting choice studies there is often limited access to appropriate data but a general conclusion is that there exists a cross-country variation (Glaum Schmidt, Street, & Vogel, 2013;Verriest, Gnaeremynck, & Thornton, 2013;Cascino & Gassen, 2012;Kvaal & Nobes, 2010;2012). In regard to studies analysing the properties of accounting numbers the results are inconsistent.…”

Section: Public and Private Information As A Basis For Analysing The mentioning

confidence: 89%

An Empirical Study of the Method Effect in Analysing the Adoption of IFRS

Koch¹,

Nilsson²,

Jönsson³

et al. 2014

AFR

View full text Add to dashboard Cite

This study investigates the consequences of using different methods when making conclusions about the effect of IFRS. The study's contribution is related to the suggestion that research design must be considered when analysing the results of prior studies on the adoption of IFRS. In summary, our results demonstrate that the impact of IFRS on accounting quality measured as financial analysts' information environment depends on the model used. Using the same model as in prior research (the BKLS model) our results confirm earlier studies that IFRS adoption improves the information environment for analysts. However, when using a more sophisticated model no such improvement can be found.

show abstract

“…For instance, with respect to qualification, several studies underline that isolating essential technical factors in complex inadequate decisions is impossible. In this sense, the expertise called upon to obtain trusted financial reporting is affected by other characteristics of the board of directors such as the governance context (DeFond & Francis, ; DeZoort et al, ; Verriest, Gaeremynck, & Thornton, ). Badolato, Donelson, and Ege () find that financial expertise does not deter irregularities unless the AC also has high status.…”

Section: The Ac As An Example Of a Harmonized Approachmentioning

confidence: 99%

Can compliance restart integrity? Toward a harmonized approach. The example of the audit committee

Calderón

Piñero

Redín

2018

Business Ethics: A Eur Rev

View full text Add to dashboard Cite

The compliance‐based approach and the integrity approach have been the mainstream responses to corporate scandals. This paper proposes that, despite each approach comprising necessary elements, neither offers a comprehensive solution. Compliance and integrity, far from being mutually exclusive, reinforce each other. Working together, in a correct relationship, they build a harmonized system that yields positive synergies and which also advocates prudence (phrónesis). It enables the generation of a culture of compliance that tends to minimize the technical and ethical errors in decision making. In order to explore an applied harmonized approach, we analyze the audit committee, a specific and broadly accepted regulatory instrument. Formed by non‐executive members, regulation requires these members to be dedicated, qualified, and independent as a guarantee of efficiency. We show how the compound of those elements produces positive effects in a context of solid governance. We conclude that it is the strong relationship between efficiency and prudence, in the creation of a culture of compliance, which enables the minimization of errors.

show abstract

The Impact of Corporate Governance on IFRS Adoption Choices

Cited by 115 publications

References 50 publications

Goodwill and Mandatory Disclosure Compliance: A Critical Review of the Literature

Goodwill and Mandatory Disclosure Compliance: A Critical Review of the Literature

An Empirical Study of the Method Effect in Analysing the Adoption of IFRS

Can compliance restart integrity? Toward a harmonized approach. The example of the audit committee

Contact Info

Product

Resources

About