Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7412971 | Journal of International Accounting, Auditing and Taxation | 2018 | 60 Pages |
Abstract
While responding to calls for research and regulatory concerns regarding the influence of country level characteristics on the completeness and quality of financial statements, we examine the simultaneous influences of corruption and culture on levels of compliance with mandatory disclosure requirements. We use a panel dataset of European companies, for 2008-2011, and measure compliance with IFRS goodwill disclosure requirements utilising a disclosure index. Corruption is measured using the Corruption Perception Index (CPI) and Schwartz (2008) bipolar cultural dimensions are used as measures of culture. We find that compliance levels vary significantly across sample firms, countries and over time. The level of corruption and two of the three cultural dimensions (Hierarchy and Mastery) are significantly related to these levels of compliance. These findings also hold for the changes in compliance levels over time. On that basis, the paper makes original contributions to our understanding of determinants of compliance levels with IFRS mandatory disclosure requirements.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Francesco Mazzi, Richard Slack, Ioannis Tsalavoutas,