Event Title
Poster: International Financial Reporting Standards (IFRS) Without an International Financial Reporting Language (IFRL): Evidence of Multiculturalism and a Lack of Global Transparency in the EU
Location
Moakley Atrium
Start Time
13-5-2015 4:00 PM
End Time
13-5-2015 5:00 PM
Description
Since 2005, all EU-listed companies use IFRS. This paper examined 5,000 EU companies from 2012 and 2013 and found that only 50% voluntarily file in English, the lingua franca of 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 percentages and were not interested in global visibility.
Poster: International Financial Reporting Standards (IFRS) Without an International Financial Reporting Language (IFRL): Evidence of Multiculturalism and a Lack of Global Transparency in the EU
Moakley Atrium
Since 2005, all EU-listed companies use IFRS. This paper examined 5,000 EU companies from 2012 and 2013 and found that only 50% voluntarily file in English, the lingua franca of 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 percentages and were not interested in global visibility.