Forthcoming articles


International Journal of Managerial and Financial Accounting


These articles have been peer-reviewed and accepted for publication in IJMFA, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


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International Journal of Managerial and Financial Accounting (3 papers in press)


Regular Issues


  • Board Characteristics and the Level of Compliance with IAS 1 in Bahrain   Order a copy of this article
    by Abdalmuttaleb M.A. Musleh Al-Sartawi, Fatema Al Rawahi, Zakeya Sanad 
    Abstract: This paper aims to investigate the association between board characteristics and the level of compliance by 39 firms listed on the Bahrain Bourse for the financial year ending 31 of December 2015 and report the underlying firm characteristics influencing the disclosure compliance of Bahraini firms with International Accounting Standards (IAS 1). A disclosure index is used to measure the extent of compliance with IAS 1. A multiple linear regression model was used to assess the association of board characteristics with the extent of compliance with mandatory IAS 1 disclosure requirements. The findings indicate that there is a significant and negative relationship between CEO non-duality, board size, ownership of top stockholders, and the level of compliance with IAS 1 disclosure. The results of the analysis provided in this research should be particularly relevant to regulatory bodies and standard setters. This study might also help when formulating forward-looking disclosure strategies by managing the composition and characteristics of the board of directors. Additionally, the study contributes to financial reporting literature relating to the GCC countries, mainly Bahrain.
    Keywords: Board Characteristics; IAS; Corporate Governance; Information Asymmetry; Corporate Disclosure; Bahrain.

Special Issue on: Advances in Managerial and Financial Accounting, Theory and Practice Managing the Intangible and Disclosing the Business Performance in Emerging and Traditional Markets

  • IFRS and IPO Underpricing: Evidence from Italy   Order a copy of this article
    Abstract: This study examines the impact of the IFRS adoption on IPO underpricing; the latter is, as known, the positive spread between the first day of trading closing price and the offer price of a newly issued share. The underpricing phenomenon is usually associated with the information asymmetry among the actors involved in the process of listing. Some scholars suppose that IPO firms usage of the IFRS, rather than the domestic GAAP, affects IPO underpricing through two mechanisms: (1) the quality, and (2) the comparability of the financial reports. Our study is the first research that studies the impact of the IAS/IFRS on the IPOs underpricing in the Italian stock market. We find that the IFRS adoption is not associated with a decrease in IPO underpricing and that the trend of the financial market is the only factor associated with this phenomenon. Referring to the Italian stock market, our results suggest that the IFRS adoption does not reduce information asymmetries among investors, probably due to the lax of enforcement which seems to characterize the Italian environment.
    Keywords: IPO; International Financial Resporting Standards; Underpricing; Performance; Financial market;.

  • Determinants of mandatory goodwill disclosure: The case of impairment testing in Germany   Order a copy of this article
    by Laurent Lazar, Patrick Velte 
    Abstract: Goodwill accounting standards, according to International Financial Reporting Standard 3 (IFRS 3) and International Accounting Standard 36 (IAS 36), oblige firms to describe the circumstances that form the basis of the annual impairment testing. We observe that managers interpretation or application of the IFRS is associated with the information content disclosed in financial statements. The use of boilerplate instead of firm-specific information decreases the information quality. This study investigates the disclosure quality of goodwill impairment testing under the IFRS of German listed companies between 2010 and 2015. Our results provide evidence that firm performance and goodwill impairment losses are positively linked to the quality of goodwill impairment disclosure. Furthermore, the results show that the magnitude of reported goodwill is negatively associated with the disclosure quality. Our findings are robust to additional tests and make several contributions to further research, regulation, and practice.
    Keywords: impairment only approach; IAS36; disclosure quality; goodwill.