Dirk Beerbaum

Towards an XBRL-enabled corporate governance reporting taxonomy.

An empirical study of NYSE-listed Financial Institutions

• Gebundenes Buch

Produktbeschreibung

Corporate Governance failures of large corporations such as Lehman Brothers have evoked a plethora of calls for changes in Corporate Governance Principles. Despite the fact that after the financial crisis, a number of transnational institutions have called for wide-scale changes related to Corporate Governance Principles by further protecting share-holders' rights, it has been proven that theoretical extension and reform of Corporate Governance Principles is not enough, because it does not ensure successful implementation. According to a report from Isaksson (2009), corporate disclosures were not in line with OECD principles on good Corporate Governance. Moreover, according to Isaksson (2009), the financial crisis can also be traced back to incomplete Corporate Governance disclosures. One major implementation topic involves Corporate Governance Reporting, which is very complex for multinational companies, as it involves statutory compliance with multiple rules and laws, coping with heterogeneous "Systems of Corporate Governance" (Weimer and Pape, 1999; Leuz et al., 2003; Tylecote and Visintin, 2007) and additionally the compilation of codes (Cadbury, 1993) and industry-specific standards (Mach et al., 2006; Bebchuk and Spamann, 2010). Extensible Business Reporting Language (XBRL) is assumed as a benchmark related to interactive business disclosures (Chen and Sun, 2009; Debreceny et al., 2010; Alles and Piechocki, 2012). Does XBRL have the potential to help to reduce the complexity of companies' Corporate Governance Reporting (Alles and Piechocki, 2012)? In the academic literature, there are many articles which conclude that it is possible for XBRL to enhance transparency and improve Corporate Governance for financial reporting (Abdullah et al., 2009; Roohani et al., 2010; Alles and Piechocki, 2012; Müller-Wickop et al., 2013): therefore, an additional question is whether the application of XBRL to the non-financial reporting of Corporate Governance can also contribute to enhanced transparency.Within the peer group of listed Foreign Private Issuers on the New York Stock Exchange there is no adequate Taxonomy available.

Produktdetails

• Verlag: Books on Demand
• Seitenzahl: 376
• Erscheinungstermin: 25. Mai 2016
• Englisch
• Abmessung: 303mm x 215mm x 28mm
• Gewicht: 1356g
• ISBN-13: 9783741205552
• ISBN-10: 3741205559
• Artikelnr.: 45088750

Autorenporträt

Dr. Dirk Beerbaum hat an der University of Surrey Business School (Vereinigtes Königreich) zum Thema Corporate Governance Berichterstattung und XBRL promoviert. Er erlangte seinen Diplom-Kaufmann an der European Business School (ebs) in Oestrich-Winkel und ist als European Financial Analyst (CEFA) der Deutschen Vereinigung für Finanzanalyse (DVFA) zertifiziert. Seine Forschungsschwerpunkte umfassen die externe finanzielle und nicht-finanzielle Unternehmensberichterstattung. Corporate Governance und die Entwicklung von XBRL-Taxonomien. Er ist Mitglied der Beratungsgruppe für die IFRS Taxonomie (IFRS Taxonomy Consultative Group, ITCG) und unterstützt dort das International Accounting Standards Board (IASB) in London bei der Anwendung der IFRS Taxonomie. Dr. Beerbaum verfügt über besondere Expertise in den Bereichen der internen und externen Unternehmensberichterstattung und der Implementierung von Regulierungsvorschriften und deren Corporate Governance. Er hält regelmäßig Vorlesungen und Fachvorträgen an Universitäten über die Auswirkungen von regulatorischen Änderungen auf die Corporate Governance und Änderungen bei der Externen Finanzberichterstattung nach IFRS, US GAAP und SEC Regularien. Er verfügt über mehr als 15 Jahre praktische Erfahrungen in der deutschen Kreditwirtschaft.