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Factors Influencing The Extent Of Corporate Compliance With Ifrs. The Case Of Hungarian Listed Companies

Author

Listed:
  • Szilveszter Fekete

    () (Babes-Bolyai University of Cluj-Napoca)

  • Dumitru Matis

    () (Babes-Bolyai University of Cluj-Napoca)

  • János Lukács

    () (Corvinus University of Budapest)

Abstract

Since 2005 European listed companies report their financial figuresbased on IFRSs. This paper investigates whether Hungarian listed companies complywith IFRS disclosure requirements, identifying some factors associated with the levelof compliance. Although the issue of consolidation is not a new topic for Hungarianspecialists, the analysis focuses on the disclosure aspects of consolidation becausepublishing consolidated accounts is considered still a problematic field (Fekete,2008).Findings suggest that corporate size and industry type (more specifically being in theIT&C sector) are statistically associated with the extent of compliance with IFRSdisclosure requirements. This suggest that big, high tech companies comply best toIRFS rules, possibly because they can benefit the most from them.

Suggested Citation

  • Szilveszter Fekete & Dumitru Matis & János Lukács, 2008. "Factors Influencing The Extent Of Corporate Compliance With Ifrs. The Case Of Hungarian Listed Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(10), pages 1-2.
  • Handle: RePEc:alu:journl:v:1:y:2008:i:10:p:2
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    References listed on IDEAS

    as
    1. Begoña Giner Inchausti, 1997. "The influence of company characteristics and accounting regulation on information disclosed by Spanish firms," European Accounting Review, Taylor & Francis Journals, vol. 6(1), pages 45-68, May.
    2. Debreceny, Roger & Rahman, Asheq, 2005. "Firm-specific determinants of continuous corporate disclosures," The International Journal of Accounting, Elsevier, vol. 40(3), pages 249-278.
    3. Leuz, C & Verrecchia, RE, 2000. "The economic consequences of increased disclosure," Journal of Accounting Research, Wiley Blackwell, vol. 38, pages 91-124.
    4. repec:bla:joares:v:13:y:1975:i:1:p:16-37 is not listed on IDEAS
    5. Holger Daske & Luzi Hail & Christian Leuz & Rodrigo Verdi, 2008. "Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences," Journal of Accounting Research, Wiley Blackwell, vol. 46(5), pages 1085-1142, December.
    6. T. E. Cooke, 1998. "Regression Analysis in Accounting Disclosure Studies," Accounting and Business Research, Taylor & Francis Journals, vol. 28(3), pages 209-224, February.
    7. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
    8. Street, Donna L. & Gray, Sidney J. & Bryant, Stephanie M., 1999. "Acceptance and Observance of International Accounting Standards: An Empirical Study of Companies Claiming to Comply with IASs," The International Journal of Accounting, Elsevier, vol. 34(1), pages 11-48.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    IAS/IFRS; compliance; disclosure; Hungary;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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