This paper inquires into the recent changes of accounting regulation in Germany. To track these changes systematically, we develop a general framework for comparing accounting regimes. Within this framework, we find privatization tendencies in accounting governance which go along with...

Accounting rules affect fundamental areas of social interaction encompassing interest groups that have diverse and conflicting interests regarding financial reporting. In the absence of a coherent social choice theory, concepts of legitimacy can be used to assess the acceptance of accounting...

The European emission trading scheme regulates the pollution of carbon dioxide for more than 11,000 facilities. Nevertheless quickly doubts arose about the efficiency of allocation methods and of the trade in emission allowances. Hence this paper tests for the hypothesis of economic...

We analyse the cross listing behavior of German firms on the world's major stock exchanges. We find that only a very small minority of firms with capital market orientation cross list. The U.S. and Switzerland are the most popular locations. Taking into account the type of listing in the U.S.,...

The European Union (EU) is constructed under the federalist principle of subsidiarity, which this paper con-siders in the policy field of financial reporting. We attempt to answer the question whether the current governance level of accounting regulation in Europe is balanced between centralised...

We test the earnings management behavior of Russian companies in the years 2001 and 2002. We analyze the effects of ownership structure on the extent of tax management. We first hypothesize that Russian firms manage earnings downwards to reduce income taxes. We test for irregularities in the...