This paper examines whether the level of enforcement shapes the complexity in accounting standards. First, in order to identify the level of complexity in accounting standards, we calculated a new measure that conceptualizes accounting complexity based on the theoretical dimensions of...

We examine how the implementation of the K-IFRS No.1116 Lease affects firm value. This new accounting standard mandates capitalization of all leases, resulting in changes in the key accounting leverage ratios and rates of return. The contracting costs hypothesis suggests that changes in...

The mainstream theoretical and empirical research presented in the study is a comparative analysis of comprehensive income reporting by groups listed in the Polish and German capital markets. The theoretical part of the article is dedicated to a scientific discussion on the determinants of the...

This study finds that the requirement of ASC 842 for firms to capitalize operating leases in financial statements beginning in 2019 resulted in firms affected by the standard reducing existing debt amounts on average between 7% and 10% relative to unaffected firms. We also find that firms with...

Die Kodifizierung der deutschen Rechnungslegung reicht bis in das 18. Jahrhundert zurück. 1945 war es bereits zweigliedrig und unterschied zwischen Vorschriften für Aktiengesellschaften und Vorschriften für andere gewerbliche Unternehmen. Bis 1959 änderte sich wenig an der Rechnungslegung....

The purpose of this paper is to examine the effect of the adoption of converged to IFRS national standards on accounting conservatism (AC) and to investigate the effect of corporate governance (CG) attributes (government ownership, management ownership, concentration of ownership, board size,...

While comparability across firms and consistency over time are generally held to be fundamental goals of financial reporting, I provide an analytic representation of a concept that explains why concepts-based accounting standards cannot assure comparability and why their induced consistency may...

This study examines whether financial accounting standards moderate the effectiveness of tax policy. Specifically, we examine whether myopic managers’ focus on short-term financial reporting reduces the effectiveness of tax subsidies that incentivize innovation. We employ a novel setting, the...

While federal administrative agencies are authorized to coordinate with private entities, it is outside their authorization to delegate their authority to the private entity. Accounting standards, which affect how publicly traded companies disclose their financial information to stockholders and...

China’s high income and wealth inequality has long attracted the interest of policymakers and re-searchers, yet surprisingly little has been done since 2010 on inequality trends. Given China’s evolving economic structure and the government’s adoption of new policy tools in recent years, we...

An empirical analysis of various waves of the ALLBUS social survey shows that the level and the structure of unionization has become more and more similar in eastern and western Germany in the period 1992 to 2000. The originally high level of union density in eastern Germany has dropped below...

This research investigates how the adoption, in 2018, of the IFRS 9 standard has affected banks’ loan loss provision and allowance disclosures. This constitutes one of the first post-implementation tests of this new standard. Overall, we found that the introduction of IFRS 9 has translated...

Following its enactment in early 2018, the Banking Executive Accountability Regime (BEAR) came into force for the largest Australian banks from July 2018, and for all other authorised deposit-taking institutions (ADIs) from July 2019. This research examines the experiences of ADIs in...

Die vorliegende Arbeit befasst sich mit dem Verhältnis zwischen handels- und steuerrechtlicher Gewinnermittlung für das am 1. Januar 2015 in Kraft getretene revidierte Rechnungslegungsrecht nach Obligationenrecht. Durch die Anwendung des steuerrechtlichen Massgeblichkeitsprinzips auf die...

The main purpose of this paper is to determine the impact that Big 4 companies have had after the adoption of International Financial Reporting Standards (IFRS) became mandatory on the audit market. Thus, after thorough research of the specialised studies, the impact of the financial reporting...

We investigate how the value of cash holdings changes following the mandatory adoption of International Financial Reporting Standards (IFRS), which is viewed as an exogenous shock to information asymmetry between firms and outside investors. Using firm-level data from 47 countries, we find that...

IASB states that the main objective of financial reporting is to provide information that is useful to investors, creditors and others in making investment, credit and similar resource allocation decisions. This study sought to find out if the adoption of IFRS had affected the financial...

The funding policy for defined benefit pension plans covering government employees represents an important decision for government entities sponsoring those plans. In recent years, a number of state and local governments have experienced extreme funding shortfalls (e.g., New Jersey, Illinois,...

Financial accounting standards require derivatives to be recognized at fair value with changes in value recognized immediately in earnings. However, if specified criteria are met, firms may use an alternative accounting treatment, hedge accounting, which is intended to better represent the...

While it is generally accepted that legitimacy is a desirable feature of accounting standards, ‘legitimacy' remains vaguely defined. Accordingly, I develop a model which highlights the role that accounting plays in classifying a manager's strategically structured transactions. The model...