An analysis of the firms-specific determinants influencing the voluntary IFRS adoption: evidence from Italian private firms

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2018-01-24 DOI:10.1504/IJAAPE.2018.089418

S. Pichler, Michela Cordazzo, Paola Rossi

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引用次数: 4

Abstract

The EU regulation 1606/2002 enhances the financial statement comparability by requiring the IFRS mandatory application. In Italy, the implementation of EU regulation states that listed firms are required to prepare their financial statements in accordance with IFRS, then extended to private firms on a voluntary basis. The study aims to examine the influence of some firm-specific characteristics on voluntary IFRS adoption by analysing a selected sample of Italian private firms over 2006-2010. The results show that firms are more likely to adopt IFRS in their separate financial statements if there is the presence of ownership diffusion and a Big-4 along with greater profitability. Such adoption is not influenced by whether firms register a high level of capital intensity and leverage, and it does not increase with the firm size or level of foreign sales. Our findings may also represent a primary approach to investigate whether IFRS adoption could be beneficial for SMEs, as a large part of sampled firms may be classified according to the EU definition of SME.

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影响自愿采用《国际财务报告准则》的企业特定决定因素分析：来自意大利私营企业的证据

欧盟法规1606/2002通过要求国际财务报告准则的强制性应用来增强财务报表的可比性。在意大利，欧盟法规的实施规定，上市公司必须按照国际财务报告准则编制财务报表，然后在自愿的基础上扩展到私营公司。本研究旨在通过分析2006-2010年选定的意大利私营公司样本，检验一些公司特定特征对自愿采用国际财务报告准则的影响。结果表明，如果存在所有权扩散和Big-4以及更高的盈利能力，公司更有可能在其单独的财务报表中采用国际财务报告准则。这种采用不受公司是否登记高水平的资本密集度和杠杆率的影响，也不随公司规模或对外销售水平的增加而增加。我们的研究结果也可能代表了调查采用国际财务报告准则是否对中小企业有益的主要方法，因为大部分抽样公司可能根据欧盟对中小企业的定义进行分类。

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, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.