• Castellano
  • Valencià
  • Share

University of Valencia logo Logo Scientific Technological Offer Logo del portal

Description

The mandatory adoption of the International Financial Reporting Standards (IFRS) in 2005 made it a priority in the European regulatory and institutional framework to address the analysis of the economic effects of IFRS. This involves examining the economic consequences of the accounting changes that occur when the International Accounting Standards Board (IASB) issues new standards, as well as analysing the standard-setting process itself. A key aspect is to analyse how stakeholders, as well as standard-setters, interact and to analyse the extent to which there is compatibility between the objective of increasing the quality of information (transparency, relevance, reliability and comparability) to facilitate users' decision-making and the achievement of other objectives, such as financial stability. All this in a context with diverse institutional characteristics, which nevertheless directly affect accounting practices.

On the other hand, as a result of the changes in the attitude of organisations and stakeholders in relation to corporate social responsability, it is a priority to analyse how the new proposals on Non-Financial Reporting-NFR (which include social, environmental, intangible assets, staff, corporate governance, human rights, corruption and bribery aspects) derived mainly from Directive 2014/95/EU are going to be formalised and transformed into standards equivalent to those currently existing on financial information (IFRS) in the EU. These aspects are acquiring a significant importance, as revealed in the consultation paper “Sustainability Reporting” issued by the IFRS Foundation (2020), the IASB’s parent foundation. In relation to this type of reporting, we could compare the current situation with the one before 2005 when there were no single accounting/financial standards. The development of NFRs will depend on the steps taken in the coming years.

Goals CT

To analyse both the effects of financial reporting to guide accounting standards, and the content and impact of non-financial reporting to guide the development of these standards. In relation to NFR, also known as sustainability reporting, the aim is to contribute to the debate on its orientation: should it capture how the company is affected by social and environmental aspects, i.e. how these aspects translate into risks and opportunities for the company, as proposed by the IFRS Foundation for example, or should it refer to the impact of the company on the social and environmental aspects that affect the company, as proposed by Directive 2014/95/EU. 

In relation to the NFR, it is a priority to examine the following aspects: What are the information needs of the different stakeholders; Is it appropriate to issue standards? Or is it preferable to leave entities free?; Should SMEs also report on these aspects?; What characteristics should the NFR have? 

As a complement to the analysis of standards and their impact, it is also intended to examine to which extent information influences business behaviour.

Research lines
  • Accounting strategy

    Given the economic effects that the provision of accounting/financial information causes, organisations are not indifferent to it. For this reason, they adopt different information strategies, and even modify their actual activities to avoid the undesired effects that the standards may have on them. They also engage in lobbying practices to influence the bodies that issue standards in order to influence their design. Like the previous one, this is a consolidated research line.

  • Financial reporting and capital markets

    The provision of financial information is extensively regulated. This is intended to enable investors to make more informed decisions and thus to make the capital market function more efficiently. This research line examines how investors react to different forms of reporting and which information is most relevant to them. This is a well-established research line.

  • Disclosure of non-financial reporting: social and environmental

    To some extent, disclosure of non-financial reporting has responded to corporate social responsibility derived from the existence of a "social contract". However, some studies suggest that this is due to an interest in pretending rather than being socially responsible. In view of the new information requirements related mainly to social and environmental information, it is required an exhaustive analysis of the needs of users and the impact that such financial reporting may have on the entities obliged to provide it. This is an emerging research line.

Management
  • GINER INCHAUSTI, BEGOÑA
  • PDI-Catedratic/a d'Universitat
View details
 Contactebegona.giner@uv.es
Members
  • ARCE GISBERT, MIGUEL
  • PDI-Titular d'Universitat
  • Coordinador/a Curs
View details
 Contactemiguel.arce@uv.es
  • MERELLO GIMENEZ, PALOMA
  • PDI-Titular d'Universitat
  • Coordinador/a Curs
  • Secretari/a de Departament
View details
 Contactepaloma.merello@uv.es
  • PARDO PEREZ, FRANCISCA
  • PDI-Titular d'Universitat
View details
 Contactefrancisca.pardo@uv.es
Collaborators
  • MORA ENGUIDANOS, ARACELI
  • PDI-Catedratic/a d'Universitat
View details
 Contactearaceli.mora@uv.es
Non-UV research staff

Collaborators

  • Belen Gill De Albornoz Nnoguer - Universitat Jaume I of Castelló.

 

 

 

Scientific production by UV researcher
  • GINER INCHAUSTI, BEGOÑA
    PDI-Catedratic/a d'Universitat
    Expandir
  • ARCE GISBERT, MIGUEL
    PDI-Titular d'UniversitatCoordinador/a Curs
    Expandir
  • MERELLO GIMENEZ, PALOMA
    PDI-Titular d'UniversitatCoordinador/a CursSecretari/a de Departament
    Expandir
  • MORA ENGUIDANOS, ARACELI
    PDI-Catedratic/a d'Universitat
    Expandir
CNAE

Accounting, bookkeeping and auditing activities; tax consultancy

Associated structure
Inter-university Institute of International Economics

iei.uv.es

iei-secretaria@uv.es

Contact group details
Corporate Information: Transparency and Disclosure (INCOTRAD)

Tarongers Campus

Edificio Departamental Occidental. Av. dels Tarongers, s/n

46022 València (Valencia)

+34 963 828 271

Geolocation

begona.giner@uv.es

Contact people
  • GINER INCHAUSTI, BEGOÑA
  • PDI-Catedratic/a d'Universitat
View details
 Contactebegona.giner@uv.es