This paper contrasts the recent European initiatives on regulating corporate groups with alternative approaches to the phenomenon. In doing so it pays particular regard to the German codified law on corporate groups as the polar opposite to the piecemeal approach favored by E.U. legislation. It...

In the context of increasing regulation and the introduction of harmonized accounting standards, the issue of costs and benefits of changes in accounting standards have been discussed by policy makers, market participants and companies. While it is widely assumed that the harmonisation in...