IDEAS home Printed from https://ideas.repec.org/p/uto/dipeco/201614.html
   My bibliography  Save this paper

Which Financial Reporting Standards Does the European Union Need?

Author

Listed:

Abstract

After years of laissez-fair approaches, economists and policy-makers are now looking back at industrial policies to support long-lasting recovery in the European Union. European institutions also acknowledge industrial policies as key for implementing an economic model based on sustainable development and social market economy, which are two of the founding principles of the EU. Many scholars have highlighted that financial reporting plays an important role in constructing socio-economic reality. Accordingly, this paper discusses whether current financial reporting regulation in the EU has the characteristics needed to support longterm investments for industrial recovery as long as an economic model based on social market economy and sustainable development. Financial reporting regulation as well as industrial policies are part of the EU’s competences. It is therefore key to determine whether current financial reporting standards in the EU are consistent with industrial policies and, more widely, with the founding principles of the Union.

Suggested Citation

  • Palea, Vera & Biancone, Paolo Pietro, 2016. "Which Financial Reporting Standards Does the European Union Need?," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201614, University of Turin.
    • Handle: RePEc:uto:dipeco:201614
    as

    Download full text from publisher

    File URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2016dip/wp_14_2016.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uto:dipeco:201614. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Piero Cavaleri or Marina Grazioli (email available below). General contact details of provider: https://edirc.repec.org/data/detorit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.