The Evolution of International Accounting Systems: Accounting System Adoptions by Firms from a Network Perspective

ISBN-13: 9783631383230 / Angielski / Miękka / 2001 / 244 str.

Mark Waehrisch; Mark Weahrisch

Opis

Until now we have different accounting or financial reporting systems in different countries. This may be detrimental for capital market participants with worldwide activities who expect advantages in the application of only one system. The use of one system may provide network effects. If they exist, the benefits for users increase the more users adopt the same system. When accounting systems compete in terms of network effects, the decisions for using a system are interdependent and can be modeled by means of game theory. This book analyses how network effects in terms of accounting systems can be defined, how those effects may affect investors, corporations and standard setters, how adoption patterns of accounting systems may be modeled and what drives adoption decisions.

Spis treści

Contents: International Diversity of Accounting Systems and Harmonization - Accounting System Adoptions by Firms in Presence of Network Effects - Potential Costs and Benefits of Cross Border Listings - Disclosure of Accounting Information on Capital Markets.

O autorze

The Author: Mark Währisch studied Business Administration at the University of Frankfurt/Main, Germany, and at the University of Wisconsin/Madison, USA. After receiving his university degree he worked as an assistant for Professor Dieter Ordelheide at his Seminar for International Accounting at the University of Frankfurt/Main. In 1999 he joined KPMG Corporate Finance in Frankfurt/Main.