In most of the literature on varieties of capitalism and welfare states as well as within the public policy debates in Europe, the UK is constantly classified alongside the US; the two countries are taken to represent both the so-called Anglo-Saxon liberal market economy model (Hall and Soskice...

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...