In recent years accounting regulation has internationalized with the extensive use and adoption of IFRS by nation-states which points at least at a formal convergence of accounting systems. But still major differences between national accounting systems persist. In this paper it is argued that...

Purpose: The purpose of this article is to empirically test whether wealthy economies have better accounting quality (AQ) compared to their “poor” counterparts. Design/methodology/approach: To test the formulated hypothesis, this article examines accounting and market data of 40 countries'...

This study provides comparative tests for the decision usefulness of four accounting alternatives for emission rights. In current accounting practice, cost-based net approaches as well as cost- and market-based gross approaches coexist. Modelling the available accounting treatments as reporting...