Disclosure Behavior of European Firms around the Adoption of IFRS

1. Front Matter

   Pages i-xv

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2. Introduction

   • Michael H. R. Erkens

   Pages 1-8

3. The Economic Consequences of Increasing the International Visibility of Financial Reports

   • Michael H. R. Erkens

   Pages 9-52

4. Disclosure Incentives, Enforcement, and Culture: Impact on Corporate Risk Disclosure

   • Michael H. R. Erkens

   Pages 53-149

5. Conclusions

   • Michael H. R. Erkens

   Pages 151-153

6. Back Matter

   Pages 155-166

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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.

• Enforcement
• Economic Consequences
• Reporting Incentives
• Visibility
• Corporate Risk Management

• Department of Business Economics, Erasmus School of Economics, Rotterdam, The Netherlands

  Michael H. R. Erkens

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). His main research field is financial accounting.

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