Abstract
This article examines the extent to which the disclosure requirements of IAS 36 Impairment of Assets are fulfilled. Apart from the mandatory disclosure, the analysis also includes an assessment of the potential impact on market liquidity and investment decisions of mainly smaller investors. The analysed data relate to publicly traded companies on the Prague Stock Exchange during the period 2015–2017 and cover impairment information on goodwill, property, plant, equipment and investments in subsidiaries. The results of the investigation confirmed the continuing historically observed non-compliance with information obligations and identified this deficiency as one of the causes of the underdevelopment of the securities market.
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The article is processed as an output of the research project “Nové výzvy Corporate Finance v České republice” by the Grant Agency under registration number F1/42/2019.
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Huňáček, P. (2022). How Czech Companies Comply with IAS 36 Disclosure Requirements. In: Procházka, D. (eds) Regulation of Finance and Accounting. ACFA ACFA 2021 2020. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-99873-8_18
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DOI: https://doi.org/10.1007/978-3-030-99873-8_18
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