International financial reporting standards and SMEs: the effects on firm rating according to Basel II

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2014-02-10 DOI:10.1504/IJAAPE.2014.059182

Monica Bartolini, S. Gardini, Giuseppe Savioli

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引用次数: 1

Abstract

The purpose of this paper is to investigate the potential impact of IFRS on SMEs' annual reporting, considering in particular: 1) the evaluation of their financial performance; 2) their creditworthiness and rating, according to Basel II. In the literature, little attention has been paid to the specific influence of IFRS on firm rating. The empirical evidence reported in this paper demonstrates the potentially important effect on the previous two issues. Accordingly, this research raises some strategic issues for individual firms and banks, as well as for the entire economic system. In fact, the current worldwide economic crisis highlights the perils of alternative sets of standards characterised by a different extent of conservatism. The paper describes the results of a multiple-case study, involving 11 firms and an Italian bank. The empirical evidence highlights the differences in these firms' ratings, implementing alternatively the Italian or the IFRS model.

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国际财务报告准则与中小企业:巴塞尔协议II对企业评级的影响

本文的目的是研究国际财务报告准则对中小企业年报的潜在影响，特别是考虑:1)对其财务绩效的评价;2)根据巴塞尔协议II，它们的信誉和评级。在文献中，很少关注国际财务报告准则对公司评级的具体影响。本文报告的经验证据表明，对前两个问题的潜在重要影响。因此，本研究为个别企业和银行以及整个经济体系提出了一些战略问题。事实上，当前的全球经济危机凸显了以不同程度的保守主义为特征的另类标准的危险。本文描述了一项涉及11家公司和一家意大利银行的多案例研究的结果。经验证据突出了这些公司评级的差异，要么采用意大利模式，要么采用国际财务报告准则模式。

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.