International Organizations and Lifelong Learning

Abstract

By exploring how financial, legal and wider socio-economic systems can accelerate or decelerate the harmonization in financial markets, this book connects issues both of contemporary political science and accounting research. This book charts the regulatory changes at the heart of capitalist economies; the financial reporting on financial markets. It is a unique contribution interconnecting issues both of contemporary political science and accounting research. The book contains in-depth descriptions of regulatory settings (and changes) in six countries: Canada, France, Germany, Japan, the United Kingdom and the United States and aims to takes a close look at drivers of change such as crises and globalization. The book also links these drivers of change with moderating institutional structures such as the legal and financial systems, but also the welfare states in place. Taken together, it shows how a trend to more transnationalization in accounting emerges but also its likely limits. pt. I. Introduction -- Explaining the evolution of a new accounting framework -- pt. II. Accounting between global convergence and national preference -- Information accounting : the global IFRS revolution -- Variations in functions : a barrier to harmonisation -- The transformation of accounting regimes : six country cases -- pt. III. Explaining global convergence -- Coercive isomorphism : reporting demands in a globalised world -- Mimetic isomorphism : crises as a driver of change and convergence -- Normative isomorphism : the role of the international networks for convergence in accounting regulation -- pt. IV. Explaining national preference -- Legal backing of equity investment -- Financial systems and corporate credit arrangements -- National values and political systems -- pt. V. Conclusion -- The hybridisation of accounting.