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Institutions and Accounting Practices After the Financial Crisis; International Perspective (2019)
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Institutions and Accounting Practices After the Financial Crisis Financial globalization, paired with the relaxation of constraints on capital flows between countries before the 2008 crisis, increased merger activities among the world? largest stock exchanges. The financial crisis of 2008 had a severe impact on the development of equity markets, corporate financial stability, and corporate governance, and a multi-step approach is needed to fully appreciate the causes and effects of this event.…