Scotch Over Bourbon1: How British Principles of Accounting Became the Norm for Financial Reporting in Europe

Isabelle Lescent-Giles
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Isabelle Lescent-Giles: Sorbonne University

A chapter in The European Enterprise, 2008, pp 81-95 from Springer

Abstract: Abstract The creation of the European Economic Community in 1957 triggered a long and painful process of economic integration, at first from the bottom up, through increased exchanges of goods, people and capital, then from the top down, with a renewed move towards common standards from the late 1970s. The euro was the most visible sign of increasing harmonisation. But equally important for European firms was the introduction in 2005 of a set of common accounting standards to ease comparisons between European firms and pave the way for more cross border takeovers.

Keywords: Stock Market; Accounting Standard; European Economic Community; International Accounting Standard; International Account Standard Board (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-74038-4_6

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DOI: 10.1007/978-3-540-74038-4_6

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