Factors Influencing the Extent of Corporate Compliance with IFRS - The Case of Hungarian Listed Companies

17 Pages Posted: 5 Nov 2008

See all articles by Szilveszter Fekete

Szilveszter Fekete

Babes-Bolyai University; Corvinus University of Budapest

Dumitru Matis

Babes-Bolyai University

János Lukács

Budapest Corvinus University

Date Written: October 25, 2008

Abstract

Since 2005 European listed companies report their financial figures based on IFRSs. This paper investigates whether Hungarian listed companies comply with IFRS disclosure requirements, identifying some factors associated with the level of compliance. Although the issue of consolidation is not a new topic for Hungarian specialists, the analysis focuses on the disclosure aspects of consolidation because publishing consolidated accounts is considered still a problematic field (Fekete, 2008).

Findings suggest that corporate size and industry type (more specifically being in the IT&C sector) are statistically associated with the extent of compliance with IFRS disclosure requirements. This suggest that big, high tech companies comply best to IRFS rules, possibly because they can benefit the most from them.

Keywords: IAS/IFRS, compliance, disclosure, determinants, Hungary

JEL Classification: M41, M44, M45, M47

Suggested Citation

Fekete, Szilveszter and Matis, Dumitru and Lukács, János, Factors Influencing the Extent of Corporate Compliance with IFRS - The Case of Hungarian Listed Companies (October 25, 2008). Available at SSRN: https://ssrn.com/abstract=1295722 or http://dx.doi.org/10.2139/ssrn.1295722

Szilveszter Fekete (Contact Author)

Babes-Bolyai University ( email )

58-60 Th. Mihali Street, Room 223
Cluj-Napoca, Cluj 400591
Romania
00 40 742 074 985 (Phone)
00 40 364 104 253 (Fax)

HOME PAGE: http://www.econ.ubbcluj.ro/~szfekete/

Corvinus University of Budapest ( email )

8 Fovam Square, Room 300
Budapest, 1093
Hungary

Dumitru Matis

Babes-Bolyai University ( email )

58-60 Teodor Maniu street, Cluj-Napoca
67 Iuliu Maniu street, Sighetu Marmatiei
RO-3400 Cluj-Napoca, Cluj 435500
Romania

János Lukács

Budapest Corvinus University ( email )

Budapest H-1093
Hungary

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