Reporting behavior and transparency in European banks' country-by-country reports:
The public CbCR requirement for EU financial institutions leaves leeway to the reporting firms as regards the calculating and presentation of the data. Based on a sample of CbCRs published by EU-headquartered multinational bank groups, we analyze the reporting behavior and the degree of transparency...
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| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Mannheim, Germany
ZEW - Leibniz Centre for European Economic Research
2021
|
| Series: | ZEW discussion papers
21-019 (02/2021) |
| Online Access: | Volltext |
| Summary: | The public CbCR requirement for EU financial institutions leaves leeway to the reporting firms as regards the calculating and presentation of the data. Based on a sample of CbCRs published by EU-headquartered multinational bank groups, we analyze the reporting behavior and the degree of transparency across the reports. We observe a large heterogeneity with respect to the place of publication of the CbCR, its content, the readability of the data tables as well as the list of entities that should be published together with the by-country data. We also identify differences between headquarter countries, with CbCRs prepared by bank groups from the United Kingdom and Germany being the most transparent. Inconsistencies in reporting inhibit the interpretability and the comparability of the data. We conclude that the specification of the underlying data source and of the applicable consolidation scope as well the establishment of uniform definitions of the reportable items are essential for an appropriate consideration of the reports by all addressees. Our analyses are particularly important in light of the proposal for a public CbCR for large multinational firms in the EU. |
| Physical Description: | 1 Online-Ressource (71 Seiten) Diagramme |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T16:55:44Z |
| indexdate | 2024-07-10T09:05:53Z |
| institution | BVB |
| language | English |
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| spelling | Dutt, Verena K. 1992- Verfasser (DE-588)1230166130 aut Reporting behavior and transparency in European banks' country-by-country reports Verena K. Dutt, Katharina Nicolay, and Christoph Spengel Mannheim, Germany ZEW - Leibniz Centre for European Economic Research 2021 1 Online-Ressource (71 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier ZEW discussion papers 21-019 (02/2021) The public CbCR requirement for EU financial institutions leaves leeway to the reporting firms as regards the calculating and presentation of the data. Based on a sample of CbCRs published by EU-headquartered multinational bank groups, we analyze the reporting behavior and the degree of transparency across the reports. We observe a large heterogeneity with respect to the place of publication of the CbCR, its content, the readability of the data tables as well as the list of entities that should be published together with the by-country data. We also identify differences between headquarter countries, with CbCRs prepared by bank groups from the United Kingdom and Germany being the most transparent. Inconsistencies in reporting inhibit the interpretability and the comparability of the data. We conclude that the specification of the underlying data source and of the applicable consolidation scope as well the establishment of uniform definitions of the reportable items are essential for an appropriate consideration of the reports by all addressees. Our analyses are particularly important in light of the proposal for a public CbCR for large multinational firms in the EU. Nicolay, Katharina Verfasser (DE-588)1084132796 aut Spengel, Christoph 1964- Verfasser (DE-588)113955006 aut Erscheint auch als Druck-Ausgabe ZEW discussion papers 21-019 (02/2021) (DE-604)BV046176481 21-019 (02/2021) http://ftp.zew.de/pub/zew-docs/dp/dp21019.pdf kostenfrei Volltext |
| spellingShingle | Dutt, Verena K. 1992- Nicolay, Katharina Spengel, Christoph 1964- Reporting behavior and transparency in European banks' country-by-country reports ZEW discussion papers |
| title | Reporting behavior and transparency in European banks' country-by-country reports |
| title_auth | Reporting behavior and transparency in European banks' country-by-country reports |
| title_exact_search | Reporting behavior and transparency in European banks' country-by-country reports |
| title_exact_search_txtP | Reporting behavior and transparency in European banks' country-by-country reports |
| title_full | Reporting behavior and transparency in European banks' country-by-country reports Verena K. Dutt, Katharina Nicolay, and Christoph Spengel |
| title_fullStr | Reporting behavior and transparency in European banks' country-by-country reports Verena K. Dutt, Katharina Nicolay, and Christoph Spengel |
| title_full_unstemmed | Reporting behavior and transparency in European banks' country-by-country reports Verena K. Dutt, Katharina Nicolay, and Christoph Spengel |
| title_short | Reporting behavior and transparency in European banks' country-by-country reports |
| title_sort | reporting behavior and transparency in european banks country by country reports |
| url | http://ftp.zew.de/pub/zew-docs/dp/dp21019.pdf |
| volume_link | (DE-604)BV046176481 |
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