HCBE Theses and Dissertations

Campus Access Only

All rights reserved. This publication is intended for use solely by faculty, students, and staff of Nova Southeastern University. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, now known or later developed, including but not limited to photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the author or the publisher.

Date of Award

2011

Document Type

Dissertation - NSU Access Only

Degree Name

Doctor of Business Administration (DBA)

Department

H. Wayne Huizenga School of Business and Entrepreneurship

Advisor

Howard Lawrence

Committee Member

Jeffrey Cohen

Committee Member

Yuliya Yurova

Abstract

Does compliance with International Financial Reporting Standards (IFRS) mandatory disclosures appear in form but not substance? This paper examines the conflicting incentives, both national and European, faced by firms in the European Union (EU) when complying with IFRS mandatory disclosures. The purpose of the study was to test Ball's (2006) assertion that international companies used one of two tiers of IFRS compliance: (a) boilerplate disclosures that present a veneer of uniformity with no national enforcement or (b) detailed disclosures backed by a national enforcement regime. This research reviewed annual reports from 3,300 listed companies within the 27 EU member nations and sampled 150 companies within the EU to see if these companies complied with IFRS mandatory disclosures in a consistent and comparable manner. This study compared compliance levels for the original EU15 member nations with New Member States (NMS). The key findings were that most EU companies did comply in form with Level 1 IFRS disclosures regardless of the country of origin or the level of enforcement. An ADR Listing was very important in predicting Level 1 Compliance. For Level 2, compliance in substance, companies from the EU15 member states and from stronger enforcement regimes had better compliance than those companies from NMS or weaker enforcement regimes. Having a Big 4 auditor and an ADR listing also had a positive influence on Level 2 Compliance.

To access this thesis/dissertation you must have a valid nova.edu OR mynsu.nova.edu email address and create an account for NSUWorks.

Free My Thesis

If you are the author of this work and would like to grant permission to make it openly accessible to all, please click the Free My Thesis button.

  Contact Author

  Link to NovaCat

COinS