DEVELOPING AN ECONOMETRIC MODEL FOR MEASURING THE
     EVOLUTION OF INFORMATION DISCLOSURE - IAS 23
                 BORROWING COSTS –


               Ioana-Maria Dragu, “Babes-Bolyai” University of Cluj Napoca
               Adriana Tiron Tudor, “Babes-Bolyai” University of Cluj Napoca

ABSTRACT: According to the disclosure requests of IAS 23 Borrowing Costs, companies are
to include the following elements within their annual reports: accounting policies adopted by
the firms, value of capitalization for borrowing costs and capitalization rate. This paper
involves an empirical research, presenting the correlation that might exist at the level of
compliance with IAS 23 and specific variables that characterize the activity of a company.
The purpose of our investigation is to estimate and determine a statistic function that should
connect disclosure index measured for IAS 23 requests and a series of elements, namely:
country of origin, total assets, turnover, ROA, ROE, debt rate and solvency. The research
methodology assumes disclosure index determination and SPSS analysis. The findings suggest
evidence of correlation with respect to the level of compliance in information disclosure and
the mentioned variables.

Key words: information, disclosure, compliance, correlation

JEL Codes: M41