After adoption of International Financial Reporting Standards (IFRS) for consolidated financial statements by European-listed companies, a number of European countries still require the use of local standards in the preparation of legal entity financial statements. This study investigates...

This paper provides an overview of why, and how, academic research can assist regulators and standard setters in evaluating <italic>ex ante</italic> and <italic>ex post</italic> the effects of standardization and regulation of corporate financial reporting and disclosure. We argue that academic research is a valuable and often...