The UnitedKingdom UK and the United States US have many historical, cultural,economic and academic features in common, and are often regarded astaking up common positions over financial accounting and corporatereporting, sometimes referred to as Anglo-American or Anglo-SaxonAccounting .In accounting research, there are a number of differences frequentlycentred on the pre-eminence of empirical studies especiallypositivist in the US, which contrast with a tendency towards thenormative-deductive and philosophical paradigms in the UK.Thiscommentary reviews the two technical papers that appear in this issue.Lorraine, Collison and Power is a UK authored work which followsmuch in the tradition of US-based research, whilst the conclusions ofthe paper by US authors Freedman and Patten exhibit similarities to thephilosophy often found in relation to regulation in the UK. Perhapsthere is limited evidence of some movement towards convergence inenvironmental disclosure research in Anglo-American accounting? Thiscommentary attempts to bring together and evaluate these twocontributions which attempt to make sense of the reactions of capitalmarkets to environmental information. Each paper will be evaluatedseparately and then an attempt will be made to comment on the overallcontribution of this research, and alternative paradigms, to theenvironmental accounting literature.