... the regulatory discretion of the German setting. Using a longitudinal, hand-collected dataset from 15 state-level PSA frameworks. Public sector accounting standards Municipally owned companies Divergence Harmonization Earnings management Discretion Despite numerous harmonization efforts...

... Swedish municipalities for 2016, which is nearly two decades after the initial legal reform in which mandatory requirements were imposed by the Swedish government in an effort to harmonize financial reporting practice. Following the standard approach in the literature, an unweighted compliance index...