Disclosure Behavior of European Firms around the Adoption of IFRS (PDF)

Michael Erkens analyzes the determinants and
consequences of information disclosure. He presents an empirical investigation
of corporate risk management disclosures of nearly 400 firms from 20 European
countries. The results show that countries' institutional settings and cultural
values are predominant factors why firms disclose information on their risk
management practices. In another study, the author analyzes the economic
consequences associated with the publication of an annual report in English by
European firms from non-English speaking countries. He finds that the release
of English annual reports attracts more analysts and foreign investors to the
firm, and decreases information asymmetries between insiders and outsiders of
the firm.

Contents

• Importance of
  Language for Financial Statements Users
  
• Enforcement
  and the Demand for Accounting Information
  
• Disclosure
  Incentives, Cultural Values, and Institutions
  

Target Groups

• Researchers
  and students in the fields of business economics, accounting, and finance
  
• Accountants
  

The Author

Dr. Michael H. R. Erkens received his
Ph.D. from the University of Trier in 2012. He was a visiting research scholar
at the University of Chicago's Booth School of Business and at HEC Paris, where
he also was a Professor. He is now with the ERASMUS School of Economics at
ERASMUS University Rotterdam (The Netherlands).