Financial globalization paired with the relaxation of constraints on capital flows between countries before the 2008 crisis, increased merger activities among the World’s largest stock exchanges. The financial crisis of 2008 had a severe impact on the development of equity markets, corporate financial stability, and corporate governance, and a multi-step approach is needed to fully appreciate the causes and effects of this event. This book engages the separate strands of literature to advance a more holistic understanding of whether and how the national institutional environments in selected countries around the world has been changed after the crisis.

Institutions and Accounting Practices after the Financial Crisis: International Perspective sets out a framework for the analysis of institutional environments and accounting practices in in selected countries around the world during the pre-crisis period, followed by an examination of the impact of the crisis. It scrutinizes the changing roles of debt and equity markets; the shift in accounting practices and capital financing choices due to the economic downturn; and the lessons that can be obtained from the financial crisis, while considering the institutional architecture of international business environments. This ongoing process of integration and globalization increases interdependence between world markets, and allows shocks to propagate across national and continental lines, making the understanding of international markets vitally important to American investors.

Aimed at primarily researchers, academics and students in the fields of international accounting, management and finance, Institutions and Accounting Practices after the Financial Crisis: International Perspective will additionally be of value to practitioners and policy makers, supplying them with information regarding the changes in accounting practices and risk evaluation due to the crisis.

part 11|111 pages

chapter 1|10 pages

The Causes of the 2008 Financial Crisis

The Prospects of IFRS Adoption in the US
ByVictoria Krivogorsky

chapter 2|47 pages

Corporate Characteristics Motivating Convergence

International Sample
ByVictoria Krivogorsky

chapter 3|19 pages

Change in Business Objective

Shareholder Value vs. Stakeholder Value Primacy Concepts
ByVictoria Krivogorsky

chapter 4|33 pages

The Impact of Crisis on the Determinants of Leverage

European Evidence
ByVictoria Krivogorsky

part 1132|119 pages

chapter 5|28 pages

Consolidation of Investees Under IFRS

ByPaul Munter

chapter 6|11 pages

The Impact of IFRS 9 on Banks Across the EU and Implementation Challenges

BySamuel Da-Rocha-Lopes

chapter 7|26 pages

Analysis of Changing Regulatory Conditions, New Accounting Policies, and the Global Financial Crisis

The Case of Swedish Banks
ByHenrik Andersson, Niclas Hellman

chapter 8|31 pages

The Financial Crisis Impact on Institutions and Accounting Practices in Spain 1

ByJosé Luis Ucieda, José A. Gonzalo-Angulo

chapter 9|21 pages

The Impact of the Economic Crisis on the Financial System and Accounting in Brazil

ByMarcelo Botelho C. Moraes