Determinants of Financial Statement Comparability: A Systematic Review and Future Research Directions

Purpose: This study aims to synthesize state-of-the-art evidence from 2011 to 2025 on the drivers of financial statement comparability (FSC). Design/methodology/approach: A systematic literature review was conducted following PRISMA guidelines, using data sources from Scopus and Web of Science. Findings: The findings reveal that FSC is influenced by both internal firm-specific characteristics, such as managerial attributes and audit functions, and external factors like digitalization and corporate social responsibility (CSR) engagement. Research limitations/implications: This study suggests several directions for future research on Financial Statement Comparability. Future studies should focus on developing integrated theoretical frameworks, conducting cross-country comparisons, especially in emerging markets, and exploring the role of external stakeholders and regulatory factors. Mixed-methods approaches are also recommended to better understand the impacts of these factors on FSC. Originality/value: This study provides a comprehensive synthesis of the determinants of Financial Statement Comparability, identifying key gaps in the literature and suggesting future research directions. It contributes to a better u nderstanding o f FSC and i ts impact on f inancial r eporting t ransparency.