Abstract
In this article, I examine current financial reporting policy initiatives to improve the access of international companies to the U.S. capital market, one of the largest and lowest cost source of equity funding for non-U.S. registrants. The conventional wisdom underlying the management of international reporting standards is that active pursuit of a unified set of accounting and reporting standards is desirable (Sharpe 1999). The unanswered question at this point is, what constitutes an internationally-acceptable threshold? The major point of this article is the following. If the quest for an international reporting benchmark is to amount to something other than a theoretical goal, policymakers should embrace the realities of the marketplace.
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Choi, F.D.S. (1999). The Management of International Reporting Standards. In: Engelhard, J., Oechsler, W.A. (eds) Internationales Management / International Management. Gabler Verlag, Wiesbaden. https://doi.org/10.1007/978-3-663-07840-1_17
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DOI: https://doi.org/10.1007/978-3-663-07840-1_17
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