The current legal analysis on the blockchain technology focuses on the financial regulation of the cryptocurrencies and little investigation is done in the area of privacy regulation of this technology.This research shows that the blockchains are much more nuanced than could be served by a...

This paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly...

Regulations that limit dividend payouts, made by limited liability companies in order to safeguard the interests of creditors, represent important legal constraints as they ensure a minimum level of protection. Hereby, this task, which is performed in Germany by annual financial statements...

The one-sided focus on shareholders' interests inherent in shareholder value-orientated corporate policies presupposes that there is a functioning system to protect the economic interests of the other stakeholder groups (creditors, employees, customers, suppliers, etc.). This is an important...

In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries. The capital-market effects around this change have been extensively studied, but their sources are not yet well understood. This study aims to distinguish between several...

We investigate the way auditor characteristics (i.e., reputation and industry specialization) interact on the consequences of mandatory IFRS adoption in Europe in terms of accounting conservatism. Indeed, a mandatory adoption setting may control for firm-level reporting incentives when gauging...

This study examines the effects of secrecy and mandatory IFRS adoption on earnings quality proxied by signed abnormal accruals and earnings conservatism. Using 19,324 firm-years from 14 countries over the period 1998-2011, we find that firms in a high secrecy country tend to report higher...

I present a summary and analysis of a series of papers from this special issue of Accounting in Europe that examine the role and current status of IFRS in the completion of National Accounting Rules applicable to large ‘non‐listed in a regulated market' non‐financial undertakings trading...

This paper examines earnings management by EU firms that initiate an antidumping investigation. We first document economically and statistically significant income-decreasing earnings management around the initiation of an antidumping investigation. We show that earnings management increases...