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Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12
Journal of International Financial Management & Accounting ( IF 2.808 ) Pub Date : 2021-05-01 , DOI: 10.1111/jifm.12130
Raquel Wille Sarquis 1 , Ariovaldo Santos 1 , Isabel Lourenço 2 , Guillermo Oscar Braunbeck 1
Affiliation  

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.

中文翻译:

合资企业投资:对符合IFRS 12披露要求的水平的分析

本研究为采用IFRS 11并采用相应的IFRS 12披露要求后,实体在合资企业中的权益报告从比例合并到权益法的变化提供了经验证据。该样本包括来自26个国家的551家公司,这些公司受到采用IFRS 11(1,858财务报表)的影响。调查结果表明,与国家/地区级别相比,许多公司未完​​全遵守IFRS 12披露要求,并且公司级别的特征(例如规模,杠杆和所有权集中度)对解释(不)遵从级别的贡献更大。变量(例如法律制度以及新兴国家与发达国家)。我们还发现,合资企业的重要性水平与对IFRS 12披露要求的遵守程度呈正相关。我们的结果为有关是否遵循IFRS标准披露要求的决定因素的文献做出了贡献,并为2020年至2022年间对IFRS 11和IFRS 12的实施后审查提供了重要的见解。
更新日期:2021-05-13
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