The use of derivative instruments such as futures, options and swaps has become increasingly widespread in the last twenty years, particularly among large companies in economies with well-developed financial markets. This paper examines the impact of Financial Reporting Standard 13: Derivatives and Other Financial Instruments – Disclosures (FRS 13 hereafter) on isues relating to corporate governance. In particular, the researchers employ an interview survey to investigate: (i) UK institutional investors’ general attitudes towards the recent introduction of FRS 13; and (ii) whether the introduction of FRS 13 has any implications for corporate governance. The results to date indicate that institutional investors may not be treated as a homogeneous group with respect to their expressed views of FRS 13.
- Corporate governance
- Financial reporting
- Fund management
Mallin, C., Dunne, T., Helliar, C., & Ow-Yong, K. (2004). FRS13 and corporate governance: a fund management perspective. Qualitative Research in Accounting & Management, 1(2), 17-42. https://doi.org/10.1108/11766090410813346