The application of international financial reporting standards (IFRS) plays an important role in improving the quality enterprises’ statements. At same time, adopting IFRS makes it easier for companies to access foreign capital. Therefore, use is indispensable Vietnamese enterprises, especially listed on stock market. This study was conducted evaluate effects benefits and costs choice adopt IFR...

We examine whether regulation intended to improve disclosure can itself lead to higher disclosure quality in the absence of a change in preparer incentives. We exploit a setting involving a sequence of two similar regulatory changes, which have one key difference – while both regulatory changes mandate improvements to disclosure (specifically, on pension asset allocation), only one removes prep...

We show real effects in the banking sector that emanate from transparency in the industrial sector. Transparent financial reporting by industrial firms facilitates access to arm’s-length financing from capital markets and diminishes these firms’ reliance on banks. Banks, as a result, face increased competition in their product markets and seek to offset their lost rents by – (i) taking on more ...

This paper relates to the financial effects of official adoption International Financial Reporting Standards (IFRS) in US. IFRS is a set unique, high-quality accounting standards that listed firms have been obliged implement since 2005 Europe. However, 2007, SEC decided allow foreign US stock markets publish their financials under without need reconciliate GAAP. That fact increased proportion c...

For many larger multinational companies, unfunded pensions represent an unmanaged risk and a growing liability. With the removal of the ‘corridor’ in the new IFRS IAS19R accounting regulations, unfunded pensions have become an increased source of volatility on the corporate balance sheet. Despite this, until today, funding unfunded pensions locally has either been too expensive or not possible....

be geared to modern requirements. Unlike the present solvency regime, Solvency II is designed to reflect a prospective and risk-oriented economic view. It will be based on a total balance sheet approach and harmonised with accounting rules and regulations. Assets and liabilities will consistently be recognised at market values. In principle, IFRS provisions can be used as a basis for valuing th...