New indices reveal true comparability of company accounts, impacting investors worldwide.
The article introduces new ways to measure how similar or different company accounts are, which is important for investors and regulators. The researchers created national and international indices to show how comparable companies are, considering factors beyond just their country. These indices can help identify areas where comparability is low and track changes over time. By using these new indices, we can better understand how well accounting standards like IFRS are working to make company accounts more comparable.