Economic Consequences Of Financial Reporting And Disclosure Regulation
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Economic Consequences Of Financial Reporting And Disclosure Regulation
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Author : Christian Leuz
language : en
Publisher:
Release Date : 2008
Economic Consequences Of Financial Reporting And Disclosure Regulation written by Christian Leuz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper surveys the theoretical and empirical literature on the economic consequences of financial reporting and disclosure regulation. We integrate theoretical and empirical studies from accounting, economics, finance and law in order to contribute to the cross-fertilization of these fields. We provide an organizing framework that identifies firm-specific (micro-level) and market-wide (macro-level) costs and benefits of firms' reporting and disclosure activities and then use this framework to discuss potential costs and benefits of regulating these activities and to organize the key insights from the literature. Our survey highlights important unanswered questions and concludes with numerous suggestions for future research.
The Economics Of Disclosure And Financial Reporting Regulation
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Author : Christian Leuz
language : en
Publisher:
Release Date : 2016
The Economics Of Disclosure And Financial Reporting Regulation written by Christian Leuz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation (including IFRS adoption), drawing on U.S. and international evidence. Given the policy relevance of research on regulation, we highlight the challenges with: (i) quantifying regulatory costs and benefits, (ii) measuring disclosure and reporting outcomes, and (iii) drawing causal inferences from regulatory studies. Next, we discuss empirical studies that link disclosure and reporting activities to firm-specific and market-wide economic outcomes. Understanding these links is important when evaluating regulation. We then synthesize the empirical evidence on the economic effects of disclosure regulation and reporting standards, including the evidence on IFRS adoption. Several important conclusions emerge. We generally lack evidence on market-wide effects and externalities from regulation, yet such evidence is central to the economic justification of regulation. Moreover, evidence on causal effects of disclosure and reporting regulation is still relatively rare. We also lack evidence on the real effects of such regulation. These limitations provide many research opportunities. We conclude with several specific suggestions for future research.
Regulation Of Disclosure And Corporate Governance
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Author : Stephanie Müller-Bloch
language : en
Publisher:
Release Date : 2016
Regulation Of Disclosure And Corporate Governance written by Stephanie Müller-Bloch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The level of regulation of disclosure and corporate governance on the national and supranational level has increased substantially in the last decade. With that in mind, and in the light of the demand for evidence-based financial reporting and disclosure regulation (Buijink, 2006; Gassen and Günther, 2014; Leuz and Wysocki, 2016), this dissertation aims at investigating economic consequences of such regulation. In particular, this dissertation attempts to provide empirical evidence that helps regulators to assess intended and unintended economic consequences of regulating disclosure and cor...
Economic Consequences Of Financial Accounting Standards
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Author : Financial Accounting Standards Board
language : en
Publisher:
Release Date : 1978
Economic Consequences Of Financial Accounting Standards written by Financial Accounting Standards Board and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Accounting categories.
Ias Ifrs
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Author : Vera Palea
language : en
Publisher: FrancoAngeli
Release Date : 2006
Ias Ifrs written by Vera Palea and has been published by FrancoAngeli this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Accounting And Regulation
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Author : Roberto Di Pietra
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-11-05
Accounting And Regulation written by Roberto Di Pietra and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-05 with Business & Economics categories.
Since 1998, the world’s leading experts on accounting and regulation have convened in a series of workshops to explore and analyze emerging issues in the field. They have covered a wide array of topics, including corporate governance, auditing, financial disclosure, international standards boards, and the dynamics of markets and institutions. Most recently, they have focused on the role that accounting practices and policies may have played in the global financial crisis of 2008. In this volume, the editors showcase contributions from the workshops that represent the full spectrum of issues and perspectives relating to accounting and regulation. Each paper incorporates the most current examples and references to reflect the latest insights, with an emphasis on exploring future implications for theory and research, practice, and policymaking.
The Economics And Politics Of Accounting
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Author : Christian Leuz
language : en
Publisher: OUP Oxford
Release Date : 2005-09-15
The Economics And Politics Of Accounting written by Christian Leuz and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-15 with Business & Economics categories.
Accounting and the role of accountants has permeated the modern societies. For the most part we have accepted the impartiality and objectivity of accounting and not recognized how accounting systems are embedded in a country's economic and legal framework, much of which is in turn shaped by political processes. This web of interactions results in complex economic and political questions which require accounting researchers to focus on several related trends: information economics, regulatory economics, sociology, and political science. Although considerable progress has been made in the field of accounting, many fundamental questions are still subject to debate. In this book leading international scholars address a number of important questions: · What is the role of accounting in security valuation, decision making and contracting? · What can we learn from economics-based research in accounting? · What is the role of auditing and how can accounting standards be enforced? · What are the cost and benefits of accounting and disclosure regulation? · What is the role of accounting in society? · How does lobbying affect the political process of standard setting? · What are the consequences of the internationalization of standard setting? This seminal book will be of interest to academics, researchers, and graduate students of Accounting, Finance, Business Studies, Sociology, and Political Economy.
Economics And Political Implications Of International Financial Reporting Standards
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Author : Uchenna, Efobi
language : en
Publisher: IGI Global
Release Date : 2016-03-08
Economics And Political Implications Of International Financial Reporting Standards written by Uchenna, Efobi and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-08 with Business & Economics categories.
International Financial Reporting Standards (IFRS) are internationally-recognized financial reporting guidelines regulated by the International Accounting Standards Board (IASB) to ensure that uniformity exists in the global financial system. In addition to regulating financial reporting, the adoption of IRFS has been shown to impact the flow of foreign capital and trade. Economics and Political Implications of International Financial Reporting Standards focuses on the consequences and determinants of the adoption of the International Financial Reporting Standard (IFRS), which has remained a top issue in International Accounting. This timely publication brings to the forefront issues related to the political and economic influences and impacts of IFRS in addition to providing a platform for further research in this area. Policy makers, academics, researchers, graduate-level students, and professionals across the fields of management, economics, finance, international relations, and political science will find this publication pertinent to furthering their understanding of financial reporting at the global level.
Financial Reports Quality And Transparency
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Author : Joshua Ronen
language : en
Publisher: Eliva Press
Release Date : 2021-03-25
Financial Reports Quality And Transparency written by Joshua Ronen and has been published by Eliva Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-25 with categories.
The recent pandemic has ravished many aspects of our economy, and it may be years until we emerge with a new equilibrium, one which will likely be marked by a high degree of economic volatility and uncertainty. While a clouded future is bad enough for macroeconomic forecasters, it is just as, if not more troubling for managers of firms who need to glimpse the future to make informed business decisions. For this latter group, it is equally imperative to forecast events and for transactions to be folded into estimates that largely populate financial reports. Many, if not most items in financial statements embed estimates that are subject to measurement error or bias, the latter induced by misalignment of incentives. This potentially deleterious consequence of biased estimates has become even more critical in light of the trend of expanding requirements (over the last two decades or so) by the FASB to incorporate forecasts and estimates in the financial statements. Fair values (discussed in the last two papers in this volume) and the allowance for loan losses are examples. Sadly, the pandemic and its aftermath, because of the heightened uncertainty, is likely to amplify the problem: both measurement error and bias would proliferate, the first because of the enhanced fogginess of the future and the second because managers would be afforded the chance to ascribe more biased estimates to the unreliability of forecasts. The five articles in this book are relevant to our contemporary conditions. These works address two not entirely unrelated social arrangements (auditing and accounting standard-setting) that have contributed to opacity and misleading information in financial reports. About the Author: Joshua Ronen is a Professor of Accounting at the Stern School of Business, New York University. His primary research areas include capital markets, disclosure, earning management, economic impact of accounting rules and regulations, financial reporting, legal liability of firms, transfer pricing, agency theory, corporate governance, and fair valuation. Professor Ronen's scheme for financial statements insurance has gained wide publicity. His Op-Ed page article in the New York Times was favorably commented on in the Wall Street Journal and introduced at the Senate Banking Committee.
Disclosure Behavior Of European Firms Around The Adoption Of Ifrs
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Author : Michael H. R. Erkens
language : en
Publisher: Springer
Release Date : 2016-05-12
Disclosure Behavior Of European Firms Around The Adoption Of Ifrs written by Michael H. R. Erkens and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-12 with Business & Economics categories.
Michael Erkens analyzes the determinants and consequences of information disclosure. He presents an empirical investigation of corporate risk management disclosures of nearly 400 firms from 20 European countries. The results show that countries’ institutional settings and cultural values are predominant factors why firms disclose information on their risk management practices. In another study, the author analyzes the economic consequences associated with the publication of an annual report in English by European firms from non-English speaking countries. He finds that the release of English annual reports attracts more analysts and foreign investors to the firm, and decreases information asymmetries between insiders and outsiders of the firm.