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Transnational regulations, often established by private bodies, play a large and important role in the international political economy. This paper makes two contributions to the literature on transnational regulation. First, governments and international organization often legitimate the...
Persistent link: https://www.econbiz.de/10014159582
This commentary reviews the status of the global use of International Financial Reporting Standards (IFRS), including in the US, and offers thoughts on prospects for global financial reporting. Many countries require or permit the use of IFRS, but the goal of truly global, high quality financial...
Persistent link: https://www.econbiz.de/10011862091
instability, competition with other currencies (the euro), and trade flows, along with the usual suspects such as country size … informal sector. Finally, we find a pattern of elasticities consistent with substitution from the dollar to the euro as a … secondary currency in countries with significant trade with the euro area …
Persistent link: https://www.econbiz.de/10013134235
Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation. Given a new risk situation, whether a revision of the...
Persistent link: https://www.econbiz.de/10010305427
Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation. Given a new risk situation, whether a revision of the...
Persistent link: https://www.econbiz.de/10010506638
This intends to be a very “empirical” paper. We want to let the facts (legal facts, but facts nevertheless) speak by themselves. We simply present them in an organized way and limit to the minimum our own comments. The overall objective is to show, “by getting the legal facts right”,...
Persistent link: https://www.econbiz.de/10014168424
Despite an extensive literature on the determinants of the foreign location choices by multinational companies, researchers have only recently begun to systematically examine how these companies form their location consideration sets. When considering new foreign locations, do firms evaluate the...
Persistent link: https://www.econbiz.de/10013148582
Persistent link: https://www.econbiz.de/10002717652
Persistent link: https://www.econbiz.de/10011642817
This article is focused on the Court's decision in Hornbach-Baumarkt (Case C-382/16) (Hornbach) which is an important clarification of the conditional compatibility of arm's length-based domestic transfer pricing legislation with the freedom of establishment. Hornbach follows and confirms the...
Persistent link: https://www.econbiz.de/10014095435