This paper re-visits the state of decentralised banking in Germany, Spain and the UK. The cross-country comparison we … Germany. Our comparison has identified three factors of success contributing to the persistence of decentralised banking: I … conducted has identified Germany as having the most decentralised banking system, followed by Spain and the UK, as expected. The …

an enterprise. It aims to argue that SMEs reporting according to IFRS can – in some cases – benefit from better credit … conditions in comparison with reporting according to the German Commercial Code (German-GAAP). Therefore the analysis focuses on … can be a motivation for SMEs to change the system of financial reporting from German-GAAP to IFRS. Surprisingly …