The principles characterizing the traditional revenue-expense approach to accounting have never been "invented". They … of the traditional accounting principles can be found in behavioral economics, especially in Prospect Theory. If one …

Whether fair value accounting should be used in financial reporting has been the subject of debate for many years. A … helpful in making their economic decisions. A criticism of fair value accounting is the contention that fair value earnings …

Since 2010 a number of firms have voluntarily adopted mark-to-market (MTM) accounting for the actuarial gains and … losses associated with their defined benefit pension plans. While pension accounting rules have allowed such a choice since … accounting is driven by a combination of macroeconomic factors (a low interest rate environment), managerial opportunism related …

Many observers have argued that the fall in RMBS prices during the crisis was partly caused by fire sales. We provide … for insurance companies. We show that risk-sensitive capital requirements and mark-to-market accounting can jointly create …