Title
IFRS without an International Financial Reporting Language (IFRL): Evidence of Multiculturalism and a Lack of Global Transparency in the EU
Publication Date
2015
Document Type
Article
Abstract
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.
Original Citation
Crowley, M.D., Yurova, Y., Finning Golden, C. (2015). IFRS without an International Financial Reporting Language (IFRL): Evidence of Multiculturalism and a Lack of Global Transparency in the EU. Studies in Communication Sciences, 15(1), 53-60. https://doi.org/10.1016/j.scoms.2015.03.011
Identifier
Virtual Commons Citation
Crowley, Mark D.; Yurova, Yulia; and Finning-Golden, Caitlin (2015). IFRS without an International Financial Reporting Language (IFRL): Evidence of Multiculturalism and a Lack of Global Transparency in the EU. In Accounting and Finance Faculty Publications. Paper 7.
Available at: https://vc.bridgew.edu/accounting_fac/7