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Political Systems, Lobbying, and the Adoption of International Financial Reporting Standards
Johnson, Derek C. - 2011
Reporting Standards (IFRS). To the extent that accounting standards influence economic behavior, a sweeping change in accounting … influence the political system, then, is predicted to explain how quickly a country adopts IFRS; specifically, countries with … activity – as measured by the relation between legal political contributions and policy decisions – are expected to adopt IFRS …
Persistent link: https://www.econbiz.de/10013130665
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Stability and Regime Change : The Evolution of Accounting Standards
Chen, Hui - 2019
We regard accounting regulation as a politico-economic institution and analyze its evolution in the presence of changing investor sentiment. When the market sentiment is moderate, if most of the business projects in the economy are successful, the economy will enter a stable high-disclosure...
Persistent link: https://www.econbiz.de/10012900743
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Signalling under Uncertainty : The Case of IFRS Adoption
Ghani, Osman - 2019
This paper examines the liquidity, Tobin's Q, and cost of equity effects from voluntary and mandatory IFRS adoption. In … avoidance in the host country. We find that prior to the mandatory adoption of IFRS by the EU member states, voluntary adopters … across countries that have adopted IFRS …
Persistent link: https://www.econbiz.de/10012905363
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A Rationale for Imperfect Reporting Standards
Friedman, Henry L. - 2020
The aim of general purpose financial reporting is to provide information that is useful to investors, lenders, and other creditors. With this goal, regulators have tended to mandate increased disclosure. We show that increased mandatory disclosure can weaken a firm's incentive to acquire and...
Persistent link: https://www.econbiz.de/10012852249
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A Rationale for Imperfect Reporting Standards
Friedman, Henry L. - 2020
The aim of general purpose financial reporting is to provide information that is useful to investors, lenders, and other creditors. With this goal, regulators have tended to mandate increased disclosure. We show that increased mandatory disclosure can weaken a firm's incentive to acquire and...
Persistent link: https://www.econbiz.de/10012829877
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Optimal vs satisfactory transparency : the impact of global macroeconomic fluctuations on corporate competitiveness
Oxelheim, Lars - 2018
firm does not equal satisfactory transparency for the outside shareholder.However, the implementation of IFRS/IAS 1 in the …
Persistent link: https://www.econbiz.de/10011952135
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Boon or bane of advance tax rulings as a measure to mitigate tax uncertainty and foster investment
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2015
Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used as a measure to provide tax certainty. Rulings are currently controversially discussed in the context of tax planning activities of multinational firms (Luxembourg Leaks). We analyze ATRs as tax...
Persistent link: https://www.econbiz.de/10010511375
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Do investors request advance tax rulings to alleviate tax risk (and do tax authorities provide them)? : a joint taxpayers' and tax authorities' view on investment behavior
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2014
Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used to provide tax certainty. We analyze ATRs from the taxpayers' and tax authorities' perspectives. Investors request ATRs if the fee does not exceed a certain threshold. We integrate this finding into...
Persistent link: https://www.econbiz.de/10010357916
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Do investors request advance tax rulings to alleviate tax risk (and do tax authorities provide them)? : a joint taxpayers' and tax authorities' view on investment behavior
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2014
Politicians and tax practitioners often claim that tax uncertainty negatively affects investment. In many countries, firms can request fee-based Advance Tax Rulings (ATRs) to mitigate tax uncertainty. We analyze theoretically the circumstances under which investors request ATRs, how tax...
Persistent link: https://www.econbiz.de/10010422137
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Analytical evaluation of cost elements and their influence on productivity of manufacturing firms
Effiong, Sunday Asuquo; Oti, Peter A. - In: Journal of finance and investment analysis 1 (2012) 3, pp. 171-180
This study aimed at establishing the degree of influence of cost elements on the productivity of manufacturing companies. The study made used of a survey research design method and data were obtained through questionnaire and analyzed with the Ordinary Least Square (OLS) method. The study...
Persistent link: https://www.econbiz.de/10009671887