Introduction of the IAS/IFRS entails important changes for European companies, characterised by different accounting systems, including assessment and accounting of the impairment test which is one of the most fundamental issues. Our attention focuses on companies listed in the main European...

This paper examines the textual characteristics of firms' 10-K filings over a 20 year time period. We find that investors' reaction to textual characteristics of the MD&A in 10-Ks is much stronger and more timely than their reaction to textual characteristics of the notes to the financial...

The fight against offshore evasion is increasingly becoming a global current topic of fair taxation, specially following the international agreements on automatic exchange of information in tax matters entering into force in the near future. In particular, how to design a voluntary disclosure...

This article focuses on regulation of insider trading and company affirmative disclosure in developed securities markets. First, the U.S. regime is discussed. Thereafter, the securities laws of selected developed markets are addressed in order to provide contrasts to the U.S. approach. Last, the...