Disclosure Behavior of European Firms around the Adoption of IFRS
BücherAngebote / Angebote:
Michael Erkens analyzes the determinants and
consequences of information disclosure. He presents an empirical investigation
of corporate risk management disclosures of nearly 400 firms from 20 European
countries. The results show that countries’ institutional settings and cultural
values are predominant factors why firms disclose information on their risk
management practices. In another study, the author analyzes the economic
consequences associated with the publication of an annual report in English by
European firms from non-English speaking countries. He finds that the release
of English annual reports attracts more analysts and foreign investors to the
firm, and decreases information asymmetries between insiders and outsiders of
the firm.ContentsImportance of
Language for Financial Statements UsersEnforcement
and the Demand for Accounting InformationDisclosure
Incentives, Cultural Values, and Institutions
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