In banking industry, equity investments classified as available for sale (AFS) are a relevant portion of financial assets. According to IAS 39, they must be measured (“at” and “after” recognition) at fair value. Increases or decreases in this value have to be recognized in the other...

This study analyzes the information conveyed by the management report for a sample of firms listed on the Italian Stock Exchange at the end of 2010. Using a self-constructed checklist, we examined the determinants affecting the extent of disclosure compliance with IASB's Management Commentary...