The decision to present comparative financial statements in a mandatory IFRS adoption setting
Impacto
Scholar |
Otros documentos de la autoría: Sánchez, Francisco; GIner, Begoña; Gill-de-Albornoz Noguer, Belen
Metadatos
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https://doi.org/10.1108/BJM-03-2022-0090 |
Metadatos
Título
The decision to present comparative financial statements in a mandatory IFRS adoption settingFecha de publicación
2023-06-01Editor
EmeraldISBN
1746-5265Cita bibliográfica
Sánchez, F., Giner, B. and Gill-de-Albornoz, B. (2023), "The decision to present comparative financial statements in a mandatory IFRS adoption setting", Baltic Journal of Management, Vol. 18 No. 3, pp. 350-365. https://doi.org/10.1108/BJM-03-2022-0090Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.emerald.com/insight/content/doi/10.1108/BJM-03-2022-0090/full/htmlVersión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
Purpose:
This study analyzes the factors behind the decisions made by the largest listed Chilean companies that mandatorily adopted the International Financial Reporting Standards (IFRS) in 2009 to present comparative ... [+]
Purpose:
This study analyzes the factors behind the decisions made by the largest listed Chilean companies that mandatorily adopted the International Financial Reporting Standards (IFRS) in 2009 to present comparative IFRS financial statements that year. The authors focus on the role of the expected impact of the change in the accounting standards on a company's financial position as a determinant of this decision.
Design/methodology/approach:
The sample comprises 105 nonfinancial companies, of which 57 decided to present comparative IFRS financial statements (full adoption) and 48 did not (proforma adoption). Logistic regression is employed to model the decision of interest.
Findings:
The decision for full adoption is positively associated with the company's expectation that the change in the accounting standards would improve its financial position, albeit only up to a certain threshold, as evidenced by their inverse U-shaped association.
Originality/value:
IFRS adoption in Chile creates a unique scenario that allows us to contribute to the literature on the determinants of voluntary disclosure by focusing on a specific case in which the decision to disclose comparative financial statements is associated with mandatory IFRS adoption. The present study provides evidence that opportunistic behavior influences this decision. [-]
Publicado en
Baltic Journal of Management, 2023, vol. 18, no 3Entidad financiadora
Ministerio de Ciencia, Innovación y Universidades | Universitat Jaume I
Identificador de la entidad financiadora
http://dx.doi.org/10.13039/501100011033
Código del proyecto o subvención
MICIU/ICTI2017-2020/PID2020-117792RA-I00 | MICIU/ICTI2017-2020/PID2019-111143GB-C33 | UJI-B2020-26
Título del proyecto o subvención
Dinámicas de decisión no racionales: la economía del comportamiento en la información financiera y no financiera | Multifaceted accounting: from keeping a healthy financial system to ESG reporting
Derechos de acceso
Copyright © Emerald Publishing Limited
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info:eu-repo/semantics/restrictedAccess
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
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- COFIN_Articles [218]