Accounting for globalization: evaluating the potential effectiveness of country-by-country reporting

Dariusz Wójcik

Environment and Planning C, 2015, vol. 33, issue 5, 1173-1189

Abstract: The new European Union Accounting and Capital Requirements directives and the US Dodd-Frank Act include provisions on country-by-country reporting, which significantly improve the availability of geographical information on corporate activities. They are, however, a far cry from the idea of full country-by-country reporting, which involves the publication of simplified financial statements by companies for each country in which they operate. This paper outlines the trajectory of the political struggle for countryby- country reporting, and presents an exploratory analysis of potential effectiveness of different versions of country-by-country reporting in terms of policy objectives, the nature of information, as well as the behavior of users and disclosers. It argues that although partial country-by-country reporting offers benefits for the fight against corruption and the assessment of corporate reputational risks by investors and other stakeholders, full country-by-country reporting could offer a greater value to investors and other users, and make a change in disclosers' behavior more likely.

Keywords: accounting standards; public policy; governance; Europe; resources; corporate social responsibility (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envirc:v:33:y:2015:i:5:p:1173-1189

DOI: 10.1177/0263774X15612338

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