Compliance Scorecard on Financial Risk Management Disclosure (IFRS 7) : Evidences among Publicly-Listed Banks in the Philippines
This paper determines the compliance rate of financial institutions listed in the Philippine Stock Exchange (PSE) on the financial risk management disclosure requirement as specified under the International Financial Reporting Standard (IFRS 7). Specifically, it aimed to establish the relationship between the level of compliance to company characteristics as indicated by age, asset size and profitability rate. The study employed descriptive-correlation design and Cramer's V model to achieve the objectives of the study. Through purposive sampling technique, 15 annual reports for the year 2012 of selected listed banks in the Philippines were downloaded from the Philippine Stock Exchange (PSE) website. Findings of the study revealed that while financial risk management disclosure was generally high and manifested from this set of respondents, no significant relationship had been observed when the compliance level was analyzed according to profile. This suggests that company age, size and profitability cannot predict or influence adherence to IFRS 7. Further, it implies that the compliance attitude of banks towards reporting standards are driven by and can be explained by other variables or factors apart from plain demographics
Year of publication: |
2017
|
---|---|
Authors: | Biolon, Jocelyn |
Other Persons: | Gambong, Sarah Mae (contributor) ; Ocoy, Virgilio (contributor) ; Quibal, Phix (contributor) ; Tan, Joel (contributor) |
Publisher: |
[2017]: [S.l.] : SSRN |
Subject: | Philippinen | Philippines | Risikomanagement | Risk management | IFRS | Unternehmenspublizität | Corporate disclosure | Bank |
Saved in:
freely available
Extent: | 1 Online-Ressource (8 p) |
---|---|
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 25, 2017 erstellt |
Other identifiers: | 10.2139/ssrn.2992243 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012953534
Saved in favorites
Similar items by subject
-
Risikopublizität von Kreditinstituten : integrative Umsetzung der Transparenzanforderungen
Weber, Dieter, (2009)
-
A tale of two supervisors : compliance with risk disclosure regulation in the banking sector
Bischof, Jannis, (2022)
-
The value relevance of risk disclosure : an analysis of the banking sector
Giner Inchausti, Begoña, (2020)
- More ...
Similar items by person