IAS 38 Disclosure Compliance by Czech Listed Companies

• Autorzy: David Procházka

Warianty tytułu

MSR 38 zgodność ujawnień przez czeskie spółki notowane na giełdzie

• Języki publikacji: EN

Abstrakty

EN

This paper tests empirically the compliance with IAS 38 disclosure requirements by Czech listed companies. Using a dataset of financial and non-financial firms from the period 2008-2017, we have documented a moderate increase in disclosure quality of the sample firms over the period. Consistently with recent research, the evidence of improvement can be attributed to reporting incentives of the firms, acknowledging the importance of the capital market to raise capital and, thus, to deliver useful information to the users of financial statements. However, the analysis reveals heterogeneity in the level of compliance across the firms, de-\pending on a company's auditor and their ownership structure. Other investigated determinants, such as industry and country of origin of the issuer, are not found as being relevant.(original abstract)

Streszczenie: W artykule zaprezentowano wyniki badania empirycznego dotyczącego zgodności informacji ujawnianych przez czeskie spółki giełdowe z wymogami MSR 38. Na podstawie danych spółek finansowych i niefinansowych z okresu 2008-2017 zauważono umiarkowany wzrost jakości ujawniania badanych spółek w tym okresie. Badania wykazały, że poprawę w zakresie ujawniania informacji zgodnie z wymogami MSR 38 należy przypisać rosnącej roli rynku kapitałowego dla pozyskiwania kapitału, a tym samym dostarczania użytecznych informacji użytkownikom sprawozdań finansowych. Jednak przeprowadzona analiza ujawniła niejednorodność poziomu zgodności w spółkach, w zależności od audytora spółki i jej struktury własności. Inne badane determinanty, takie jak przemysł i kraj pochodzenia emitenta, zostały uznane za nieistotne(abstrakt oryginalny)

Słowa kluczowe

EN

International Accounting Standards (IAS); Stock market companies; Listed companies information; Capital market; Financial statements of listed companies

PL

Międzynarodowe Standardy Rachunkowości (MSR); Spółki giełdowe; Informacja spółek giełdowych; Rynek kapitałowy; Sprawozdanie finansowe spółek giełdowych

• Czasopismo: Studia Oeconomica Posnaniensia
• Rocznik: 2019
• Tom: 7
• Numer: nr 3
• Strony: 134--152

Twórcy

autor

David Procházka

• University of Economics, Prague

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Identyfikatory

DOI

10.18559/SOEP.2019.3.8