Artikel
IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
The adoption of International financial reporting standards (IFRS) has been presented in several empirical literature as a factor that could improve the quality of financial reports. However, Ghana has not attained the desired levels of financial reporting quality after the adoption of IFRS. Literature reveals that lack of proper enforcement of these high-quality standards may result in limited compliance and will undermine the effectiveness of these standards in terms of attaining high-quality financial reports. This study therefore argues that the relationship between IFRS compliance and reporting quality revolves around some enforcement mechanisms like corporate governance structures. In view of that, by using random effect estimation technique, this study examined the role of corporate governance in the relationship between IFRS compliance and the reporting quality of firms listed on the Ghana Stock Exchange (GSE). The study found that the right corporate governance mechanisms will enhance the positive effect of IFRS compliance on reporting quality. This study further recommends that to gain an appreciable level of public confidence in the annual reports of firms listed on the GSE, the audit committee's independence and the board's independence should be strengthened to ensure that management does not only adopt IFRS, but that the standards are actually complied with.
- Language
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Englisch
- Bibliographic citation
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Journal: Cogent Business & Management ; ISSN: 2331-1975 ; Volume: 7 ; Year: 2020 ; Issue: 1 ; Pages: 1-18 ; Abingdon: Taylor & Francis
- Classification
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Management
- Subject
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IFRS
compliance
reporting quality
corporate governance
- Event
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Geistige Schöpfung
- (who)
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Mbir, Deborah Esi Gyanba
Agyemang, Otuo Serebour
Tackie, George
Junior, Mac
- Event
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Veröffentlichung
- (who)
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Taylor & Francis
- (where)
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Abingdon
- (when)
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2020
- DOI
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doi:10.1080/23311975.2020.1759856
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Mbir, Deborah Esi Gyanba
- Agyemang, Otuo Serebour
- Tackie, George
- Junior, Mac
- Taylor & Francis
Time of origin
- 2020
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Non-financial reporting and reputational risk in the Romanian financial sector
Non-financial reporting: Standardization options for SME sector
Encompassing non-financial reporting in a coercive framework for enhancing social responsibility: Romanian listed companies' case
Financing decision, ownership type and financial performance of listed non-financial companies in Ghana
Empirical analysis of non-financial reporting by Spanish companies
Sustainable Tourism, between social Responsibility and non-financial Reporting
Market risk and financial performance of non-financial companies listed on the Moroccan Stock Exchange
Non-Financial Reporting Directive - The effects of the Non-Financial Reporting Directives with special regard to human rights in the European apparel industry