Different approaches to corporate reporting regulation: How jurisdictions differ and why

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• The author is the J. Sondheimer Professor of International Economics, Finance and Accounting at the University of Chicago Booth School of Business, a research associate at the National Bureau of Economic Research, Cambridge, MA, and at the European Corporate Governance Institute, Brussels, and a Fellow of the Wharton Financial Institutions Center, Philadelphia, PA. This study was prepared for the ICAEW ‘Information for Better Markets’ Conference in London in December 2009. The author thanks Hans Christensen, Luzi Hail, Arnt Verriest, Ken Wild, and Peter Wysocki for useful discussions and comments. He also thanks the Initiative on Global Markets at Chicago Booth for research support as well as Denis Echtchenko for providing excellent research assistance, and is grateful to an anonymous reviewer for constructive comments. Correspondence should be addressed to: Professor Christian Leuz, The University of Chicago Booth School of Business, 5807 South Woodlawn Avenue, Chicago, IL 60637–1610, USA. E‐mail: [email protected].
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