IFRS without an International Financial Reporting Language (IFRL): Evidence of multiculturalism and a lack of global transparency in the EU

Autor:	Mark D. Crowley, Caitlin Finning Golden, Yulia Yurova
Rok vydání:	2015
Předmět:	education.field_of_study Foreign ownership business.industry Communication media_common.quotation_subject Population Equity (finance) Accounting Transparency (behavior) Lingua franca Multiculturalism Revenue Local language business education computer media_common computer.programming_language
Zdroj:	Studies in Communication Sciences. 15:53-60
ISSN:	1424-4896
Popis:	Since 2005, all EU listed companies use IFRS. This paper examines 5000 EU companies from 2012 and 2013 and found that only 50% voluntarily file in English, the lingua franca or IFRL. We identified three tiers of transparency (High, Medium, Low) and found that Company Size (Equity, Revenue), Country Location (EU15, Population, GDP Rank), Language (Major Language, Number Speaking Local Language) and Trade (Ease in Doing Business, Trading Across Borders) all influenced filing in English. We also found that companies in low transparency countries (Spain, France, and Poland) had low foreign ownership and were not interested in global visibility.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2d6440ab5328c3572f638f069a2819e6 https://doi.org/10.1016/j.scoms.2015.03.011 Zobrazit plný text záznamu