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Forced IFRS Adoption: Direction of the “EU-15 Parents—CEE Subsidiaries” Links

In: New Trends in Finance and Accounting

Author

Listed:
  • David Procházka

    (University of Economics, Prague)

Abstract

The paper adopts a view of business research on the positive effects of the parent–subsidiary links on the performance of subsidiaries. The paper focuses on the Central and Eastern European subsidiaries and surmises that a high-quality IFRS adoption in a chain “foreign parent—local subsidiary” may positively affect an undeveloped accounting practice in a transition country, if the number of such subsidiaries is significant. Similarly, if subsidiaries from transition countries, experiencing a lower quality of financial reporting, form a significant share of consolidated groups, the expected increase in accounting quality after the IFRS adoption is endangered. This may hold even for parents domiciled in countries with a traditionally transparent capital markets and well-working financial reporting. The paper aims at identifying the subsidiaries of EU listed companies, with a special focus on the assessment of the links between “EU-15 parents and their CEE subsidiaries”.

Suggested Citation

  • David Procházka, 2017. "Forced IFRS Adoption: Direction of the “EU-15 Parents—CEE Subsidiaries” Links," Springer Proceedings in Business and Economics, in: David Procházka (ed.), New Trends in Finance and Accounting, chapter 0, pages 361-371, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-49559-0_34
    DOI: 10.1007/978-3-319-49559-0_34
    as

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