Determinants of corporate lobbying intensity in the leasestandard-setting process

  1. Lucia Mellado 1
  2. Laura Parte 1
  1. 1 Departamento de Economía de la Empresa y Contabilidad, Facultad de Ciencias Económicas y Empresariales, Universidad Nacional de Educación a Distancia (UNED)
Revista:
Revista de contabilidad = Spanish accounting review: [RC-SAR]

ISSN: 1138-4891

Año de publicación: 2017

Volumen: 20

Número: 2

Páginas: 131-142

Tipo: Artículo

DOI: 10.1016/J.RCSAR.2016.09.001 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Otras publicaciones en: Revista de contabilidad = Spanish accounting review: [RC-SAR]

Objetivos de desarrollo sostenible

Resumen

The highly controversial lease standard-setting project that will replace the standards currently in place,establishes a new approach that includes the recognition of all assets and liabilities associated with leasecontracts on the balance sheet, regardless of their classification. The complex standard-setting processand the heated debate among stakeholders makes the analysis of the lobbying phenomenon an importantmatter for study. The aim of this paper is to find explanatory factors that predict the behaviour of corporategroups with respect to the lease standard-setting process. To achieve this objective, we scrutinize thesubmission of comment letters by 306 non-financial listed companies in response to the discussion paper(DP 2009) and two exposure drafts (ED 2010 and ED 2013) elaborated jointly by the IASB and the FASBby distinguishing among three degrees of intensity in lobbying activities, depending on participation inthe different discussion periods. Our empirical study is conducted through a multivariate analysis thatshows the intensity of lobbying by considering participation in the three consultation periods. The resultsshow that the intensity of lobbying is associated with size, profitability, age, industry and managerialownership. The evidence can be used to predict lobbying behaviour. The research has implications forstandard setters and contributes to prior lobbying research.

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