Purpose – This paper seeks to assess the feasibility and desirability of a major emerging economy adopting and implementing fair value accounting (FVA), as codified in the International Financial Reporting Standards (IFRS), by studying China's recent experience. Design/methodology/approach –...

Purpose – The purpose of this paper is to examine the history and development of the automobile industry Furthermore the paper discusses convergence in the context of discontinuous competitive environment and possible management responses to changes. Design/methodology/approach – The...

Modern day business is beset with changing operating paradigms. Economies with efficient economic policies and stable political systems are a big draw among the investors. Countries that have opened themselves to world markets and that have good legal systems in place, providing protection to...

Purpose – The purpose of this paper is to examine corporate governance mechanisms' influence on governance and enterprise restructuring in Southeast Europe (Western Balkans) transition economies: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro and Serbia. Hence, the basic...

Purpose – This review paper aims to compare the various dimensions in the finance literature pertaining to the Anglo-Saxon Model (Stockholder Model) prevalent in the USA and the UK with the German Model (Stakeholder Model) of corporate governance prevalent in Germany and continental Europe....

Purpose – The purpose of this paper is to explore the competitiveness and convergence of the G7 and big emerging markets (BEM) nations using various economic, demographic, trade, investment, and freedom and governance criteria. Design/methodology/approach – The two groups of nations, G7 and...

By 2005 the group financial statements of companies listed on a stock exchange in an EU member state must be prepared in accordance with International Accounting Standards (IASs). The adoption of IASs should, inter alia : facilitate the movement of capital; remove barriers to cross‐border...

Empirical convergence analyses have helped provide insight as to whether economies are converging. Previous works on convergence have tended to focus on a particular economic indicator exclusively, even though the convergence process has multiple components. Improved estimates of convergence are...

Purpose – The purpose of this paper is to examine whether futures markets play a dominant role in the price discovery process. The rate of convergence of information from one market to another is analyzed to infer the efficiency of futures as an effective hedging tool....

Purpose – The aim of the paper is to highlight the differences between the corporate governance systems in Anglo‐Saxon and Continental European countries, and to argue that legal convergence or isomorphism may become more of a problem than a solution in countries where an issue like minority...