Abstract

NOEMI, Vásquez-Quevedo  and  MORA-RIVERA, José Jorge. Analysis of Financial Instrument Disclosure Determinants by Means of Main Component Analysis: The Case of Mexican Companies. Cuad. Contab. [online]. 2016, vol.17, n.44, pp.467-492. ISSN 0123-1472.  https://doi.org/10.11144/Javeriana.cc17-44.adri.

The purpose of this research is to identify the main characteristics that determine the compliance level of IFRS 7 (Financial instruments: disclosures) for a group of Mexican companies. Using the main components technique to measure the disclosure index of companies, the econometric results point out that the type of auditor, the multinationality level and, to a lesser extent, the size of companies are the key determinants for companies to comply with the International Financial Reporting Standard regarding the disclosure of financial instruments. These findings are consistent with those obtained with previous methods to measure the disclosure index, which gives robustness and consistency to our results.

Keywords : main components; disclosure index; financial instruments; IFRS.

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