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EU, US and international accounting standards

A Delicate Balancing Act in Governing Global Finance

Datos Bibliográficos

ID6289929
AutoresPatrick Leblond (0000-0002-9889-7498, autor de correspondencia)
Año2011
Volumen18
Número3
Páginas443-461
Fecha de publicación2011-04-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of European Public Policy (JOURNAL)
Identificadores de la revistaISSN: 1350-1763 • E-ISSN: 1466-4429
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13501763.2011.551083
OpenAlexW2043130600
IdiomaEN
Citas recibidas13
Referencias citadas33

Although the European Union (EU) has been a key global actor in international trade governance since the 1960s, it held no such position in international financial governance until the new millennium. Accounting standards represent one important area of international finance where the EU has finally taken a leadership position alongside the United States, as a result of its adoption of International Financial Reporting Standards (IFRSs) and its corresponding delegation of standard setting to the International Accounting Standards Board (IASB). Surprisingly perhaps, neither the EU nor the US has been able to exercise much influence over the content of IFRSs. This is because the IASB has managed to maintain a delicate balance between American and European interests in devising its standards. Using the principal–agent framework, this contribution explains this dynamic between the IASB, the EU and the US in the period 2002–2010

Accounting information system · Accounting standard · Business · Corporate governance · Delegation · Economics · European union · Financial accounting · International Financial Reporting Standards · International trade · Political science · Position (finance · Credit Risk and Financial Regulations · European Monetary and Fiscal Policies · Global Financial Regulation and Crises · Law · Accounting · Finance

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Obras citantes distintas13
Citas por año0,87
Intervalo de citas2011 - 2025 (15)
Velocidad de citaciónrecent
Altamente citadoNo
Tipos de citaNeutras: 13
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