Global Regulation and Institutional Change in European Governance
Annotatsiya
The literature on institutional innovation in European governance has been dominated by an inward-looking focus on the European integration process. However, in the context of a highly integrated and interdependent world, it is not possible to understand the evolution of European governance without taking into account developments in the international institutional environment. This article aims to contribute to the study of the interaction between global and European modes of governance by examining the impact of EU's engagement with the International Accounting Standards Board (IASB), and its predecessor the International Accounting Standards Committee (IASC) on the institutions of European accounting regulation. Following an analysis of the politics of international accounting harmonisation, it is demonstrated that EU's decisions to adopt the standards produced by the IASB, and to establish a new, differentiated European accounting regulatory mechanism, were driven by its desire to bolster European influence in the context of the IASC/IASB.