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Transparency in Financial Statements (IAS/IFRS)


  • Gheorghe V. Lepadatu
  • Mironela Pirnau


The provision of transparent and useful information on market partici-pants and their transaction is essential for an orderly and efficient market, and it is one of the most important preconditions for imposing market discipline. Left to themselves, markets may not generate sufficient levels of disclosure. Market forces would normally balance the marginal benefits and marginal costs of addi-tional information disclosure and the end result may not be what the market par-ticipants really need.

Suggested Citation

  • Gheorghe V. Lepadatu & Mironela Pirnau, 2009. "Transparency in Financial Statements (IAS/IFRS)," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 101-108.
  • Handle: RePEc:ers:journl:v:xii:y:2009:i:1:p:101-108

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    References listed on IDEAS

    1. Eleftherios THALASSINOS, 2008. "Trends and Developments in the European Financial Sector," European Financial and Accounting Journal, University of Economics, Prague, vol. 2008(3), pages 44-61.
    2. Panayiotis Curtis & Jonh Thalassinos, 2005. "Equity fund raising and “creative” accounting practices: Indications from Athens Stock Exchange for the 1999-2000 period," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 127-127.
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    More about this item


    Financial statements; balance sheet; income statements; cash flow statement; IAS/IFRS;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration


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