Accounting for financial instruments according to international standards is one of the most sophisticated tasks for standard setters and preparers. Existing empirical research on this topic is rare and mainly concentrates on industry or national situations. Therefore, further research and...

Since the formation of the International Accounting Standards Board (IASB), the use of International Financial Reporting Standards (IFRS) has spread and they have become global standards for financial reporting. However, they are not used unanimously all over the world. This paper focuses on...

Europe is set to witness a ‘constitutional moment'. At issue is whether illiberal democracies become part of the European public order as laid out in Article 2 TEU, or are opposed by it. In the first case, the conventional self-understanding of Europe can no longer be maintained because the...