Jump to ContentJump to Main Navigation
The New Global RulersThe Privatization of Regulation in the World Economy$
Users without a subscription are not able to see the full content.

Tim Büthe and Walter Mattli

Print publication date: 2011

Print ISBN-13: 9780691144795

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691144795.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 28 September 2021

Private Regulators in Global Financial Markets

Private Regulators in Global Financial Markets

Institutional Structure and Complementarity in Accounting Regulation

(p.60) Chapter Four Private Regulators in Global Financial Markets
The New Global Rulers

Tim Büthe

Walter Mattli

Princeton University Press

This chapter examines the role of private regulators in global financial markets, with particular emphasis on institutional structure and complementarity in accounting regulation. It first provides an overview of how the International Accounting Standards Board (IASB) became the focal institution for setting financial reporting standards at the international level before discussing the institutional structures of IASB and corresponding institutions at the domestic level in the United States and in three European countries: Germany, France, and the United Kingdom (as well as pertinent European Union-level regional institutions). It compares accounting standard-setting in the United States and in these three countries and shows that the resulting differences in institutional complementarity put U.S. firms in an advantageous position over their European counterparts when standard-setting shifts to the international level.

Keywords:   private regulators, global financial markets, institutional structure, accounting regulation, International Accounting Standards Board, financial reporting standards, United States, Germany, United Kingdom, institutional complementarity

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.