Accounting Association DOI: 10.2308 / accr.2010.85.1.31 Market Reaction to the Adoption of IFRS in Europe Christopher S. Armstrong University of Pennsylvania Mary E. Barth Alan D. Jagolinzer Stanford University Edward J. Riedl Harvard University ABSTRACT: This study examines European stock market reactions to 16 events associated with the adoption of International Financial Reporting Standards (IFRS) in Europe. European IFRS adoption represented a major milestone toward financial reporting convergence
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Western Europe changed rapidly during the Early Modern Period‚ from around 1450 to 1750: very little remained the same. The shift from feudalism to the development of defined nation states that looked to colonize the New World continued with more centralized forms of parliamentary and absolute monarchies. Colonies helped increase revenue for the West‚ fundamentally altering the economy from its agricultural base during the feudal period to a capitalist world economy with a rising middle class‚ though
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advances such as the steam engine. This transferred the balance of political power from the landowner to the industrial capitalist and created an urban working class. From 1830 to the early 20th century‚ the Industrial Revolution spread throughout Europe and the USA and to Japan and the various colonial empires. The term `Industrial Revolution´ has been criticized on the grounds that it implies a sudden and dramatic change‚ whereas the process of industrialization was long drawn out‚ erratic‚ and
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Jimmy Carter once said‚ “I have one life and one chance to make it count for something... My faith demands that I do whatever I can‚ wherever I am‚ whenever I can‚ for as long as I can with whatever I have to try to make a difference.” A heartbreaking experience that occurred almost 3 years ago changed my overall perspective on life and created a new vision for me. My aunt‚ whom‚ I was extremely close to suddenly became very ill. It all started when she went into the hospital for a simple procedure
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one‚ he became the king of the Macedonian Empire at the age of 20‚ a year later he started the expedition to the Persian Empire‚ he conquered the Persia‚ Egypt‚ and northern India before 33 years old‚ and then dead on the way back .His influence on Europe is very large‚ affecting many of the great men later. Alexander’s father is the king of Macedonia Philip. Philip created an elite professional force‚ improved the organization of the infantry squares‚ making Macedonia a strong power of the Greek
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The 19th century in Europe is characterized as one of the most peaceful centuries there was. Currently we are living in America in the 21st century and the violence rate as raised drastically‚ every time you turn the television on there has been a shooting‚ certain amount of people dead or a terrorist attack. The news today only talks about violence and our “president” ignoramus actions. During the 19th century in Europe they had two key principles to obtain relative peace‚ they are legitimacy and
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HIS1012: Europe Re-made Did the status of Women in European Society improve or decline during the 19th Century? The 19th Century was a time of mass change across the European map‚ both industrially and socially. The situation of women differed from country to country‚ yet the emergence of new ideas‚ revolutionaries and socialists allowed women to progress in society. Gaining vital freedoms and responsibilities which they had not experienced in the previous Centuries. However‚ this does not
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Modern society has always debated on the idea of whether Martin Luther was a gleaming figure in Renaissance Europe or a destroyer of structure and function of society in the 16th century. By standing up for what he believed was right‚ Luther was able to dramatically change the social‚ religious‚ and political structure in Europe. His criticism of the pope and his clergy helped to revive the need for reform of the Roman Catholic Church and led to every individual person feeling more valued inside
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Baroque Art in Europe and North America Throughout this research paper the topic is going to be along the lines of the Baroque Art in Europe and North America‚ which comes from chapter nineteen of our Art History book. The main purpose is to review major ideas and principles in this chapter by writing an analysis of certain points that were highlighted. For example‚ certain techniques that were used to define the Baroque Art‚ major sculptures‚ architectures‚ and paintings‚ and also just some
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Feudalism in Medieval Europe Feudalism has historically been a major source of debate and controversy among historians. The main issue is the ambiguity of the term. There is no accepted definition of what the term feudal is‚ how this differs from feudalism and what constitutes a feudal society. In this essay I will initially focus on the different definitions of the word and consider whether feudalism actually existed and was there such thing as a feudal’ society. I will then spend the second
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