Comment on "Deregulation and risk: Evidence from earnings forecasts and stock prices"
Accounting and Finance
The accounting convergence debate has assumed an Anglo-American vs. Continental European dichotomy. Alexander and Archer (2000) using logical analysis and d’Arcy (2001) using regulations suggest a different truth, an EU group including the U.K. vs. an American-led group. This view has been debated without result in Nobes (2003, 2004), Alexander and Archer (2003), and d’Arcy (2004). This study brings some closure by using actual reported results from recent 20-F filings. It finds the Anglo-American accounting model vs. Continental European dichotomy unsustainable.
Moeller, S. E., Kretovich, D. J., & Ifflander, J. (1993). Comment on “Deregulation and risk: Evidence from earnings forecasts and stock prices.” Financial Management, 22(1), 19.