MARKET RISK REPORTING BY THE WORLD'S TOP BANKS by ProQuest

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									MARKET RISK REPORTING BY THE WORLD’S TOP BANKS:
EVIDENCE ON THE DIVERSITY OF REPORTING PRACTICE
AND THE IMPLICATIONS FOR INTERNATIONAL
ACCOUNTING HARMONISATION
INFORMACIÓN SOBRE RIESGO DE MERCADO POR LOS MAYORES BANCOS MUNDIALES:
EVIDENCIA SOBRE LA DIVERSIDAD EN LA ELABORACIÓN DE INFORMACIÓN
FINANCIERA E IMPLICACIONES PARA LA ARMONIZACIÓN CONTABLE INTERNACIONAL


MARGARET WOODS, Nottingham University Business School
KEVIN DOWD, Nottingham University Business School
CHRISTOPHER HUMPHREY, Manchester Business School




ABSTRACT
The increasing adoption of international accounting standards and global convergence of
accounting regulations is frequently heralded as serving to reduce diversity in financial
reporting practice. In a process said to be driven in large part by the interests of
international business and global financial markets, one might expect the greatest degree
of convergence to be found amongst the world’s largest multinational financial corporations.

This paper challenges such claims and presumptions. Its content analysis of longitudinal data
for the period 2000-2006 reveals substantial, on going diversity in
								
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