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Segment Information: What Do European Small and Mid-Caps Disclose?

Author

Listed:
  • Frederic Demerens
  • Pascale Delvaille
  • Anne Le Manh
  • Jean-Louis Paré

Abstract

The adoption of the IFRS 8 accounting standard symbolises the IASB's dual commitment: an effort toward convergence and harmonisation with the American standard, but also an effort to optimise the standardisation process through an unprecedented study: a post-implementation review. Many studies have laid the groundwork for an implementation review of the standard, mostly focusing on large firms. However, intermediate-size companies – which are much more numerous – are also faced with the application of IFRS standards. In this context, our study aims to analyse the implementation of IFRS 8 by a sample of intermediate-size European listed companies. Our research questions mainly focus on issues of compliance with the standard and the comparability of segment information reported by intermediate-size European companies. Our findings reveal a lower level of compliance than that observed in previous studies on samples of multinationals. The intermediate-size European companies in our sample use fewer segments and provide less information per segment, without however neglecting voluntary disclosures. Some significant differences emerge between companies depending on their country of domicile and their economic sector.

Suggested Citation

  • Frederic Demerens & Pascale Delvaille & Anne Le Manh & Jean-Louis Paré, 2017. "Segment Information: What Do European Small and Mid-Caps Disclose?," International Business Research, Canadian Center of Science and Education, vol. 10(11), pages 42-57, November.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:11:p:42-57
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    References listed on IDEAS

    as
    1. Street, Donna L. & Bryant, Stephanie M., 2000. "Disclosure Level and Compliance with IASs: A Comparison of Companies With and Without U.S. Listings and Filings," The International Journal of Accounting, Elsevier, vol. 35(3), pages 305-329, September.
    2. Alessandro Mechelli, 2009. "Accounting Harmonization and Compliance in Applying IASB Standards: An Empirical Survey about the First Time Adoption of IAS 7 by Italian Listed Groups," Accounting in Europe, Taylor & Francis Journals, vol. 6(2), pages 231-270, December.
    3. Nichols, Nancy B. & Street, Donna L. & Cereola, Sandra J., 2012. "An analysis of the impact of adopting IFRS 8 on the segment disclosures of European blue chip companies," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 21(2), pages 79-105.
    4. Sabrina Pisano & Loris Landriani, 2012. "The determinants of segment disclosure: an empirical analysis on Italian listed companies," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2012(1), pages 113-132.
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    More about this item

    Keywords

    segment information; IFRS 8; intermediate-size company; compliance;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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