Publicación: Determinants of corporate lobbying intensity in the lease standard-setting process
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2017-07
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info:eu-repo/semantics/openAccess
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Asociación Española de Profesores Universitarios de Contabilidad, ASEPUC
Resumen
El proyecto de NIIF de arrendamientos, elaborado conjuntamente por el IASB y el FASB, ha sido objeto deuna gran controversia debido a que propone el registro de los activos y pasivos derivados de los contratosde arrendamientos en el balance, con la única excepción de los contratos a corto plazo. En este artículo sepresenta un estudio empírico para identificar los factores explicativos de la intensidad de la participaciónen el proyecto de las entidades cotizadas no financieras a través de las cartas de comentarios. Para ello, seanalizan las cartas de comentarios presentadas por 306 sociedades cotizadas no financieras, en respuestaa los 3 documentos publicados hasta el momento de la emisión definitiva de la norma por los reguladores(DP 2009, ED 2010 y ED 2013) y se realiza un análisis multivariante. Los resultados muestran que el gradode intensidad de la participación de las empresas se ve influido por características corporativas como eltama˜no, la rentabilidad, la antigüedad, el sector económico y la propiedad de acciones o participacionesde los directivos. La investigación tiene implicaciones para los emisores de normas y contribuye a la líneade investigación del lobby.
The highly controversial lease standard-setting project that will replace the standards currently in place,establishes a new approach that includes the recognition of all assets and liabilities associated with leasecontracts on the balance sheet, regardless of their classification. The complex standard-setting processand the heated debate among stakeholders makes the analysis of the lobbying phenomenon an importantmatter for study. The aim of this paper is to find explanatory factors that predict the behaviour of corporategroups with respect to the lease standard-setting process. To achieve this objective, we scrutinize thesubmission of comment letters by 306 non-financial listed companies in response to the discussion paper(DP 2009) and two exposure drafts (ED 2010 and ED 2013) elaborated jointly by the IASB and the FASBby distinguishing among three degrees of intensity in lobbying activities, depending on participation inthe different discussion periods. Our empirical study is conducted through a multivariate analysis thatshows the intensity of lobbying by considering participation in the three consultation periods. The resultsshow that the intensity of lobbying is associated with size, profitability, age, industry and managerialownership. The evidence can be used to predict lobbying behaviour. The research has implications forstandard setters and contributes to prior lobbying research.
The highly controversial lease standard-setting project that will replace the standards currently in place,establishes a new approach that includes the recognition of all assets and liabilities associated with leasecontracts on the balance sheet, regardless of their classification. The complex standard-setting processand the heated debate among stakeholders makes the analysis of the lobbying phenomenon an importantmatter for study. The aim of this paper is to find explanatory factors that predict the behaviour of corporategroups with respect to the lease standard-setting process. To achieve this objective, we scrutinize thesubmission of comment letters by 306 non-financial listed companies in response to the discussion paper(DP 2009) and two exposure drafts (ED 2010 and ED 2013) elaborated jointly by the IASB and the FASBby distinguishing among three degrees of intensity in lobbying activities, depending on participation inthe different discussion periods. Our empirical study is conducted through a multivariate analysis thatshows the intensity of lobbying by considering participation in the three consultation periods. The resultsshow that the intensity of lobbying is associated with size, profitability, age, industry and managerialownership. The evidence can be used to predict lobbying behaviour. The research has implications forstandard setters and contributes to prior lobbying research.
Descripción
Categorías UNESCO
Palabras clave
contabilidad de arrendamientos, grupos de interés, cartas de comentarios, IASB-FASB, proceso normativo contable
Citación
Lucia Mellado, Laura Parte, Determinants of corporate lobbying intensity in the lease standard-setting process, Revista de Contabilidad, Volume 20, Issue 2, 2017, Pages 131-142, ISSN 1138-4891, https://doi.org/10.1016/j.rcsar.2016.09.001
Centro
Facultad de Ciencias Económicas y Empresariales
Departamento
Economía de la Empresa y Contabilidad