Disclosure Level and Compliance with IFRS: An Investigation of Ghanaian Firms
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F21%3A43921555" target="_blank" >RIV/62156489:43110/21:43921555 - isvavai.cz</a>
Výsledek na webu
<a href="https://doi.org/10.7176/RJFA/12-23-04" target="_blank" >https://doi.org/10.7176/RJFA/12-23-04</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7176/RJFA/12-23-04" target="_blank" >10.7176/RJFA/12-23-04</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Disclosure Level and Compliance with IFRS: An Investigation of Ghanaian Firms
Popis výsledku v původním jazyce
IFRS is a timely response to the globalization of business activities in the area of financial reporting practice. This study empirically examines the extent of compliance of Ghanaian listed firms with IFRS disclosure requirements. It secondly identifies the firm-specific factors stated as company size, profitability, leverage, auditor type, company age, and the type of industry that influence the variation in the level of compliance. The study uses a longitudinal dataset of 2008 to 2017 annual reports of 35 listed firms. The study adopts both the dichotomous approach (DA) and partial compliance approach (PA) of measuring compliance in other to make an informative outcome. The findings reveal an average compliance score of 86.4% (DA) and 85.8% (PA). On records, there is still significant non-compliance with IFRS mandatory disclosure. When the corporate attributes are regressed, the study shows that larger firms and firms audited by the BIG 4 accounting firms have a significant positive association with the level of compliance. Profitability shows a significant negative association also under both compliance measures. On the flip side, there is no statistical significance identified for leverage and company age. To test the sensitivity of the regression analysis, a robustness test is conducted and the outcome rarely differs. The study is essential as investors' decisions lean on this knowledge and also, this study is the first of its kind to use both compliance methods side by side.
Název v anglickém jazyce
Disclosure Level and Compliance with IFRS: An Investigation of Ghanaian Firms
Popis výsledku anglicky
IFRS is a timely response to the globalization of business activities in the area of financial reporting practice. This study empirically examines the extent of compliance of Ghanaian listed firms with IFRS disclosure requirements. It secondly identifies the firm-specific factors stated as company size, profitability, leverage, auditor type, company age, and the type of industry that influence the variation in the level of compliance. The study uses a longitudinal dataset of 2008 to 2017 annual reports of 35 listed firms. The study adopts both the dichotomous approach (DA) and partial compliance approach (PA) of measuring compliance in other to make an informative outcome. The findings reveal an average compliance score of 86.4% (DA) and 85.8% (PA). On records, there is still significant non-compliance with IFRS mandatory disclosure. When the corporate attributes are regressed, the study shows that larger firms and firms audited by the BIG 4 accounting firms have a significant positive association with the level of compliance. Profitability shows a significant negative association also under both compliance measures. On the flip side, there is no statistical significance identified for leverage and company age. To test the sensitivity of the regression analysis, a robustness test is conducted and the outcome rarely differs. The study is essential as investors' decisions lean on this knowledge and also, this study is the first of its kind to use both compliance methods side by side.
Klasifikace
Druh
J<sub>ost</sub> - Ostatní články v recenzovaných periodicích
CEP obor
—
OECD FORD obor
50205 - Accounting
Návaznosti výsledku
Projekt
—
Návaznosti
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Ostatní
Rok uplatnění
2021
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Research Journal of Finance and Accounting
ISSN
2222-1697
e-ISSN
2222-2847
Svazek periodika
12
Číslo periodika v rámci svazku
23
Stát vydavatele periodika
CN - Čínská lidová republika
Počet stran výsledku
14
Strana od-do
26-39
Kód UT WoS článku
—
EID výsledku v databázi Scopus
—