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Impact of Accounting Traditions, Ownership and Governance Structures on Financial Reporting by Italian Firms

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  • Bikki Jaggi

    (School of Business, Rutgers University – Newark/New Brunswick-NJ, USA)

  • Alessandra Allini

    (Department of Economics, Management, Institutions, University of Naples Federico II, Italy)

  • Francesca Manes Rossi

    (Department of Management and Information Technology, University of Salerno, Italy)

  • Adele Caldarelli

    (Department of Economics, Management, Institutions, University of Naples Federico II, Italy)

Abstract

Institutional differences across countries present special challenges to achieve uniformity or at least harmony in financial reporting across countries. We evaluate in this paper how accounting traditions, ownership and governance structures of Italian companies affect implementation of the European Union mandated International Financial Reporting Standards (IFRS) by Italian companies. This evaluation will enable investors, especially international investors, to have a better understanding of financial reporting by Italian companies and it will also highlight the problems and issues facing Italian companies to implement IFRS.

Suggested Citation

  • Bikki Jaggi & Alessandra Allini & Francesca Manes Rossi & Adele Caldarelli, 2016. "Impact of Accounting Traditions, Ownership and Governance Structures on Financial Reporting by Italian Firms," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 19(01), pages 1-29, March.
    • Handle: RePEc:wsi:rpbfmp:v:19:y:2016:i:01:n:s0219091516500016
    DOI: 10.1142/S0219091516500016
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    References listed on IDEAS

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