Hail, Procrustes! Harmonized accounting standards as a Procrustion bed
Journal of Accounting and Public Policy , Volume 31 - Issue 4 p. 341- 355
This article finds that the use of a harmonized accounting standard, such as the International Financial Reporting Standards, increases the information available to markets only if institutional differences across countries using the harmonized standard are insignificant. In all other cases, harmonization of reporting standards destroys information rather than increasing it. This article also contributes to methodology, introducing techniques for studying nonpartitional information structures.
|Journal of Accounting and Public Policy|
|Organisation||Department of Business Economics|
Stecher, J., & Suijs, J.P.M. (2012). Hail, Procrustes! Harmonized accounting standards as a Procrustion bed. Journal of Accounting and Public Policy, 31(4), 341–355. doi:10.1016/j.jaccpubpol.2012.05.003