Abstract

FERREIRA DA COSTA, Fernando Jorge  and  MORAIS DE OLIVEIRA, Lídia Cristina Alves. DISCLOSURE OF TANGIBLE FIXED ASSETS ACCORDING TO IAS 16 AND ITS COMPLIANCE. Innovar [online]. 2015, vol.25, n.spe, pp.47-60. ISSN 0121-5051.  https://doi.org/10.15446/innovar.v25n1spe.53193.

This study analyzes the degree of compliance in disclosures according to International Accounting Standard 16 "Tangible Fixed Assets" in the Notes to the Consolidated Financial Statements of the companies listed on the Euronext Lisbon, for the period 2005-2010, as well as their evolution and determination of potential corporate factors that explain this degree of compliance. By using a compliance index, a middle intermediate degree of compliance of the requirements for disclosure in accordance with IAS 16 (67.3%) was found. The experience in the application of these regulations had a positive impact, although it was not significant. Based on a literature review and the concepts of the Agency Theory, the Political Costs Theory, the Signaling Theory, and the Capital Theory, six hypotheses were developed in order to explain the degree of compliance already mentioned. Results show that the company's size and the amount of tangible fixed assets are corporate factors that explain the degree of compliance of the disclosure requirements stated in IAS 16.

Keywords : IAS 16; tangible fixed assets; mandatory disclosure; degree of compliance; Euronext Lisbon.

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