Summary of literature and identified research gaps
| Research area | Key findings in literature | Research gap |
|---|---|---|
| IFRS reporting | Enhances transparency, lowers capital costs, increases investment efficiency (Brüggenmann et al., 2013; Armstrong et al., 2010; Horton and Serafeim, 2010) | Prior studies focus on jurisdictions with a single reporting standard; little is known about the effects of IFRS in dual-reporting markets |
| Corporate tax reporting | Can reduce tax evasion and increase transparency but may also trigger negative investor reactions due to regulatory scrutiny (Hoopes et al., 2018; Luo et al., 2024; Genest and Wu, 2022) | Studies primarily analyze single-reporting contexts, overlooking how tax disclosures interact with corresponding IFRS reports |
| Dual-reporting systems | Limited empirical research on markets requiring both tax-based and IFRS financial statements (Allen and Uysal, 2023) | No comprehensive study has assessed how the disclosure process of tax and IFRS reports influences investor behavior |
| Research area | Key findings in literature | Research gap |
|---|---|---|
| IFRS reporting | Enhances transparency, lowers capital costs, increases investment efficiency ( | Prior studies focus on jurisdictions with a single reporting standard; little is known about the effects of IFRS in dual-reporting markets |
| Corporate tax reporting | Can reduce tax evasion and increase transparency but may also trigger negative investor reactions due to regulatory scrutiny ( | Studies primarily analyze single-reporting contexts, overlooking how tax disclosures interact with corresponding IFRS reports |
| Dual-reporting systems | Limited empirical research on markets requiring both tax-based and IFRS financial statements ( | No comprehensive study has assessed how the disclosure process of tax and IFRS reports influences investor behavior |
Note(s): This table provides the justification of the research gap
Source(s): Authors’ own work
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