Impact of a Global Economic Crisis on Balance Sheet and P&L Quality: Evidence from Slovakia-Journal of Sustainability Research-CSCIED科技核心评价数据库-手机版

Impact of a Global Economic Crisis on Balance Sheet and P&L Quality: Evidence from Slovakia

Impact of a Global Economic Crisis on Balance Sheet and P&L Quality: Evidence from Slovakia

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DOI	10.20900/jsr20250073
刊名	Journal of Sustainability Research JSR
年，卷(期)	2025, 7(4)
作者	Ján Vlčko*,Jitka Meluchová,
作者单位	Department of Accounting and Auditing, Faculty of Economic Informatics, Bratislava University of Economics and Business, Bratislava 852 35, Slovakia ;
摘要	This study aims to determine the impact of an economic crisis on the quality of disclosed financial figures in balance sheet and profit and loss (P&L) statements. Recently, the COVID-19 pandemic caused a global economic crisis, providing a unique opportunity to examine its impact. In the European Union, the requirements for disclosing information in financial statements depend on the enterprise size group. EU directives categorize enterprises into four (or three) size groups. In this study, we demonstrate that the quality of disclosed balance sheets and P&L in financial statements prepared according to the International Financial Reporting Standards and for small enterprises is acyclical, that for micro enterprises it is cyclical, and that for large enterprises it is countercyclical. The results provide significant information not only for financial statement users but also for policymakers and regulatory bodies.
Abstract	This study aims to determine the impact of an economic crisis on the quality of disclosed financial figures in balance sheet and profit and loss (P&L) statements. Recently, the COVID-19 pandemic caused a global economic crisis, providing a unique opportunity to examine its impact. In the European Union, the requirements for disclosing information in financial statements depend on the enterprise size group. EU directives categorize enterprises into four (or three) size groups. In this study, we demonstrate that the quality of disclosed balance sheets and P&L in financial statements prepared according to the International Financial Reporting Standards and for small enterprises is acyclical, that for micro enterprises it is cyclical, and that for large enterprises it is countercyclical. The results provide significant information not only for financial statement users but also for policymakers and regulatory bodies.
关键词	accounting; economic cycle; financial statements; crisis
KeyWord	accounting; economic cycle; financial statements; crisis
基金项目
页码	-

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Ján Vlčko*,Jitka Meluchová. Impact of a Global Economic Crisis on Balance Sheet and P&L Quality: Evidence from Slovakia [J]. Journal of Sustainability Research. 2025; 7; (4). - .

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