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THE EFFECT OF GOVERNANCE SYSTEM AND DEGREE OF CONVERGENCE TO IFRS ON THE QUALITY OF FINANCIAL REPORTING : EVIDENCE FROM ASIA
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Ratna Wardhani 
, Sidharta Utama , Hilda Rossieta
Abstract
This research investigates the effect of governance system and degree of convergence to IFRS on financial reporting quality. With sample of Asian countries, this study concludes that country level and firm level governance systems, both at, and the degree of convergence have positive influence on financial reporting quality.The effect of degree of convergence of local GAAP to IFRS and corporate governance practice to financial reporting quality will be stronger for companies in countries with weak investor protection. Also, we find that in company with weak corporate governance practice, the adoption of international standards will increase the quality of financial reporting.The results indicate that the adoption of international accounting standard become more important in the countries and companies with weak governance system.
Keywords: Financial Reporting Quality, Financial Reporting Quality, Convergence, IFRS, Accounting Standards, Investor Protection, Corporate Governance, Cross-country Analysis, Asia
How to cite this paper: Wardhani, R., Utama, S., & Rossieta, H. (2015). The effect of governance system and degree of convergence to IFRs on the quality of financial reporting: Evidence from Asia. Corporate Ownership & Control, 12(4-3), 409-423. https://doi.org/10.22495/cocv12i4c3p8
