| Autor: |
PUCCI, Sabrina, TUTINO, MARCO |
| Přispěvatelé: |
Pucci, Sabrina, Tutino, Marco |
| Jazyk: |
angličtina |
| Rok vydání: |
2013 |
| Předmět: |
|
| ISSN: |
2008-2010 |
| Popis: |
"This paper has a double aim, to give a theoretical evaluation of the disclosure model chosen by IASB referring to market risks of financial instruments and to analyse the practical solutions adopted in the case of a sample of listed banks and compliance of the information referring to risk in the “Notes” to the requirements of IFRS 7. . In order to investigate on the the effectiveness of IFRS 7 Financial Instruments, the research has been conducted considering Annual Report of a sample of 17 banking companies, all listed in the three-year period (2008-2010) in Italian financial markets. Studying a three-year period should reveal the performance of IFRS 7 in fostering market discipline by pressing banks to disclose more information regarding risk profile elements, mainly considering market risks such as interest rate risk, currency risk and price risk, and then making financial disclosure more transparent. A content analysis has been adopted through a cross-sectional and time series study.. The results underline that IFRS 7 improves the disclosure of market risks in financial statements compared to previous years even if a better equilibrium between qualitative and quantitative information could be found. . In the sample analysed, substantial compliance to IFRS 7 requirements has been found, except for some particularly sensitive information. In some cases quantitative information cannot be considered sufficient to inform in order of potential impact in changing in risks exposure on the actual and expected value of income and equity of entities." |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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