Taxation of financial transactions and currency exchange has been discussed and debated by economists and politicians ever since John Keynes first called for a taxation of stock market transactions. The financial crisis 2008-2009 and the vast expansion of currency exchange markets have...

The comply-or-explain principle is a central element in the EU corporate governance framework which was put in place by Directive 2006/46/EC. Whilst avoiding an inflexible “one size fits all” approach, the principle has lately been questioned because of the quality of corporate governance...

We examine how the transition from local GAAPs to IAS/IFRS of companies that are publicly traded on a European stock exchange affects earnings management. To measure earnings management we apply 15 different proxies. In analyzing 17 European countries and more than 18,000 firm-year observations...