Transparency in Financial Statements (IAS/IFRS)

Gheorghe V. Lepadatu and Mironela Pirnau

European Research Studies Journal, 2009, vol. XII, issue 1, 101-108

Abstract: The provision of transparent and useful information on market partici-pants and their transaction is essential for an orderly and efficient market, and it is one of the most important preconditions for imposing market discipline. Left to themselves, markets may not generate sufficient levels of disclosure. Market forces would normally balance the marginal benefits and marginal costs of addi-tional information disclosure and the end result may not be what the market par-ticipants really need.

Keywords: Financial statements; balance sheet; income statements; cash flow statement; IAS/IFRS (search for similar items in EconPapers)
JEL-codes: H83 M41 M42 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ersj.eu/repec/ers/papers/09_1_p6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xii:y:2009:i:1:p:101-108

Access Statistics for this article

More articles in European Research Studies Journal from European Research Studies Journal
Bibliographic data for series maintained by Marios Agiomavritis ().