publication . Article . 2017

Mandated Disclosures Under IAS 36 Impairment of Assets and IAS 38 Intangible Assets: Value Relevance and Impact on Analysts’ Forecasts

Paul André; Dionysia Dionysiou; Ioannis Tsalavoutas;
Open Access
  • Published: 26 Jun 2017 Journal: Applied Economics, volume 50, pages 707-725 (issn: 0003-6846, eissn: 1466-4283, Copyright policy)
  • Publisher: Informa UK Limited
  • Country: India
Abstract
Drawing on a large sample of European firms, we examine whether variant compliance levels with mandated disclosures under IAS 36 Impairment of Assets and IAS 38 Intangible Assets are value relevant and affect analysts’ forecasts. Our results indicate a mean (median) compliance level of about 84% (86%) but high variation among firms and disclosure levels regarding IAS 36 being much lower than those regarding IAS 38. In depth, analysis reveals that non-compliance relates mostly to proprietary information and information that reveals managers’ judgment and expectations. Furthermore, we find a positive (negative) relationship between average disclosure levels and ma...
Subjects
free text keywords: Appeal, Economics, Financial statement, Accounting, business.industry, business, Economic consequences
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