Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature …' involvement at exactly those points when the debate focuses on the economic consequences of accounting regulation (i.e., bank … shows that regulatory capture by special interests helps explain these interventions. However, many accounting rules have …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature …' involvement at exactly those points when the debate focuses on the economic consequences of accounting regulation (i.e., bank … shows that regulatory capture by special interests helps explain these interventions. However, many accounting rules have …

This paper examines the approaches accounting researchers adopt to draw causal inferences using observational (or … nonexperimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well … methods also make strong assumptions that are not always fully appreciated. We believe that accounting research would benefit …

Financial accounting standards require derivatives to be recognized at fair value with changes in value recognized … immediately in earnings. However, if specified criteria are met, firms may use an alternative accounting treatment, hedge … accounting, which is intended to better represent the underlying economics of firms' derivative use. Using FAS 161 disclosures, I …

This paper studies the balance constraint (debit=credit) in bookkeeping, its causes and its consequences for accounting … earnings statement and balance sheet; 3) have direct implications for valuation puzzles encountered in accounting, like … accounting for OCI or stock-based compensation, and the difference between earnings or balance-sheet approaches to valuation …

history of cultural borrowing” (Edward Said, 1994), the same can be said of accounting history. It is not purported that the … vestiges of accounting activities and practices we can study are independent of erratic but inevitable stimuli from other … other core areas of accounting. At the same time accounting historians document shifts in beliefs and values in different …

We study the intertemporal properties of accounting conservatism with a focus on managerial incentives. In our main … study overlapping projects that give rise to a multi-task setting. In the multi-task setting, unbiased accounting is …

Many accounting textbooks state that the opportunity cost of idle fixed assets is zero. A few exceptions may refer to …

given to the GAAP-related accounting adjustments involved in EVA-type calculations …