---
_id: '4037'
abstract:
- lang: eng
  text: This study examines the determinants of financial firms' lobbying behaviour
    in the replacement process of International Financial Reporting Standard 4 (IFRS
    4) Insurance Contracts. Based on comment letters in response to International
    Accounting Standards Board's (IASB) Exposure Draft 2010/8, we investigate firms'
    lobbying decisions and their long-term lobbying intensity. Using an international
    sample of publicly listed financial firms, we show that insurance companies and
    financially constrained IFRS firms are more likely to lobby the IASB. We also
    examine the long-term lobbying activity in the IFRS 4 replacement process during
    the years 2007–2010. We find that insurance companies and firms with dispersed
    ownership lobby more. Our results are stronger for IFRS firms compared to US generally
    accepted accounting principles users. Overall, we document intense lobbying by
    financial firms and present results that are largely consistent with economic
    consequences of anticipated accounting changes being the main driver of firms'
    lobbying behaviour. These results are in line with prior findings for non-financial
    firms.
author:
- first_name: Urska
  full_name: Kosi, Urska
  id: '54068'
  last_name: Kosi
- first_name: Antonia
  full_name: Reither, Antonia
  last_name: Reither
citation:
  ama: Kosi U, Reither A. Determinants of corporate participation in the IFRS 4 (insurance
    contracts) replacement process. <i>Accounting in Europe</i>. 2014;11(1):89-112.
    doi:<a href="https://doi.org/10.1080/17449480.2014.897459">10.1080/17449480.2014.897459</a>
  apa: Kosi, U., &#38; Reither, A. (2014). Determinants of corporate participation
    in the IFRS 4 (insurance contracts) replacement process. <i>Accounting in Europe</i>,
    <i>11</i>(1), 89–112. <a href="https://doi.org/10.1080/17449480.2014.897459">https://doi.org/10.1080/17449480.2014.897459</a>
  bibtex: '@article{Kosi_Reither_2014, title={Determinants of corporate participation
    in the IFRS 4 (insurance contracts) replacement process}, volume={11}, DOI={<a
    href="https://doi.org/10.1080/17449480.2014.897459">10.1080/17449480.2014.897459</a>},
    number={1}, journal={Accounting in Europe}, author={Kosi, Urska and Reither, Antonia},
    year={2014}, pages={89–112} }'
  chicago: 'Kosi, Urska, and Antonia Reither. “Determinants of Corporate Participation
    in the IFRS 4 (Insurance Contracts) Replacement Process.” <i>Accounting in Europe</i>
    11, no. 1 (2014): 89–112. <a href="https://doi.org/10.1080/17449480.2014.897459">https://doi.org/10.1080/17449480.2014.897459</a>.'
  ieee: 'U. Kosi and A. Reither, “Determinants of corporate participation in the IFRS
    4 (insurance contracts) replacement process,” <i>Accounting in Europe</i>, vol.
    11, no. 1, pp. 89–112, 2014, doi: <a href="https://doi.org/10.1080/17449480.2014.897459">10.1080/17449480.2014.897459</a>.'
  mla: Kosi, Urska, and Antonia Reither. “Determinants of Corporate Participation
    in the IFRS 4 (Insurance Contracts) Replacement Process.” <i>Accounting in Europe</i>,
    vol. 11, no. 1, 2014, pp. 89–112, doi:<a href="https://doi.org/10.1080/17449480.2014.897459">10.1080/17449480.2014.897459</a>.
  short: U. Kosi, A. Reither, Accounting in Europe 11 (2014) 89–112.
date_created: 2018-08-22T07:55:49Z
date_updated: 2023-01-24T15:33:00Z
department:
- _id: '551'
- _id: '635'
- _id: '186'
doi: 10.1080/17449480.2014.897459
extern: '1'
intvolume: '        11'
issue: '1'
jel:
- D72
- M41
- M48
keyword:
- standard setting
- IASB
- corporate lobbying
- financial firms
- IFRS 4
language:
- iso: eng
page: 89-112
publication: Accounting in Europe
publication_status: published
status: public
title: Determinants of corporate participation in the IFRS 4 (insurance contracts)
  replacement process
type: journal_article
user_id: '54068'
volume: 11
year: '2014'
...