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IFRS implementation in healthcare facilities in the United Kingdom: (un)intended effects

Implementace IFRS ve zdravotnických zařízeních ve Velké Británii - (ne)zamyšlené dopady

Anita Golovkova

Český finanční a účetní časopis, 2020, vol. 2020, issue 3-4, 53-70

Abstract: The article puts into context the issue of information asymmetry with financial reporting, specifically strengthening the information potential from the investors' perspective by adopting IFRS in healthcare facilities in the United Kingdom. The mandatory introduction of IFRS across the public sector from 2009/10 onwards was aimed to increase transparency and improve the comparability of financial information. This step also brought an unintended effect in the form of an impact on the amount of the dividend Public dividend capital (PDC). The performed empirical analysis thus tested the significance of the given effect and influences on its change. Based on the correlation analysis performed using Pearson's correlation coefficient and the significance analysis, carried out by T-test, of publicly available data of 16 NHS Foundation Trusts overreaching university and teaching hospitals, it can be stated that the PDC dividend changed significantly after IFRS adoption mainly due to the Surplus (Deficit) for the year.

Keywords: Financial reporting; IFRS; UK GAAP; Healthcare; Great Britain; NHS; Unintended effects; Účetní výkaznictví; Zdravotnictví; Velká Británie; Nezamýšlené dopady (search for similar items in EconPapers)
JEL-codes: H75 L30 M48 (search for similar items in EconPapers)
Date: 2020
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Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3

DOI: 10.18267/j.cfuc.551

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