Role of Country-Level Characteristics in Segment Reporting: EU Evidence

IF 2 Q2 BUSINESS, FINANCE

International Journal of Accounting Pub Date : 2019-07-19 DOI:10.1142/s1094406021500189

Ahmed Aboud, Akrum Helfaya

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引用次数: 1

Abstract

Based on a country-level-characteristics framework, we empirically tested the impact of IFRS 8 adoption, the country’s legal system and level of legal enforcement, investor protection, conservatism, and closeness between national GAAP and IFRS on both the quantity and quality of segment reporting. Using a sample of companies from 15 EU countries covering four years (two years preadoption and two years postadoption of IFRS 8), we found that the adoption of IFRS 8 is associated with a decrease in the quantity and an increase in the quality of segment reporting. Moreover, we report that a common-law system, the country-level legal enforcement, and investor protection have a significant and positive impact on the quantity and quality of segment reporting. Meanwhile, country-level conservatism and closeness between national GAAP and IFRS are negatively related to the quantity and quality of segment reporting. In addition to firm-level characteristics, this study extends the prior limited literature by documenting the importance of country-level characteristics as factors that enhance segment reporting practices in Europe. We also discuss the research contributions and implications for research, professional practice, and policymakers.

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国家层面特征在分部报告中的作用：欧盟证据

基于国家层面的特征框架，我们实证检验了采用《国际财务报告准则第8号》、国家法律体系和法律执行水平、投资者保护、保守主义以及国家公认会计原则和《国际财务报表准则》之间的紧密性对分部报告数量和质量的影响。使用来自15个欧盟国家的公司样本，涵盖四年（采用IFRS 8之前两年和之后两年），我们发现采用IFRS 8与分部报告的数量减少和质量提高有关。此外，我们报告称，普通法体系、国家层面的执法和投资者保护对分部报告的数量和质量有着重大而积极的影响。同时，国家层面的保守性以及国家公认会计准则和国际财务报告准则之间的紧密性与分部报告的数量和质量呈负相关。除了公司层面的特征外，本研究还通过记录国家层面的特征作为增强欧洲分部报告实践的因素的重要性，扩展了先前有限的文献。我们还讨论了研究贡献以及对研究、专业实践和决策者的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Accounting BUSINESS, FINANCE-

CiteScore

1.20

自引率

0.00%

发文量

期刊介绍： The aim of The International Journal of Accounting is to advance the academic and professional understanding of accounting theory, policies and practice from the international perspective and viewpoint. The Journal editorial recognizes that international accounting is influenced by a variety of forces, e.g., governmental, political and economic. Thus, the primary criterion for manuscript evaluation is the incremental contribution to international accounting literature and the forces that impact the field. The Journal aims at understanding the present and potential ability of accounting to aid in analyzing and interpreting international economic transactions and the economic consequences of such reporting. These transactions may be within a profit or non-profit environment. The Journal encourages a broad view of the origins and development of accounting with an emphasis on its functions in an increasingly interdependent global economy. The Journal also welcomes manuscripts that help explain current international accounting practices, with related theoretical justifications, and identify criticisms of current policies and practice. Other than occasional commissioned papers or special issues, all the manuscripts published in the Journal are selected by the editors after the normal double-blind refereeing process.