Sequence as explanation: The international politics of accounting standards

  title={Sequence as explanation: The international politics of accounting standards},
  author={Elliot Posner},
  journal={Review of International Political Economy},
  pages={639 - 664}
  • Elliot Posner
  • Published 2010
  • Economics
  • Review of International Political Economy
ABSTRACT The gravitational pull of US capital markets in the early 1990s created incentives for foreign multinational companies and governments to adopt or converge to American accounting standards, US Generally Accepted Accounting Standards (US GAAP). Fifteen years later, more than a hundred countries had accepted (or planned to accept) a single set of accounting standards – yet not the American ones. Instead, a London-based private body had become the world's standard setter, and even in the… Expand
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