The debate about the costs of complying with the Sarbanes-Oxley Act of 2002 (SOX) continues. This paper contributes to the debate in several ways. First, in contrast to prior studies, this study presents a large sample documentation (1,493 firms per year over four years after SOX was enacted) of...

We analyze the mortgage meltdown as a “normal accident” (Perrow, 1984). We begin by briefly outlining normal accident theory; both Perrow's original version and Mezias' (1994) subsequent extension. We then use normal accident theory to analyze the mortgage meltdown and draw a few insights...

This paper investigates operational hedging against severe disruptions to normal operations. It offers a new method to evaluate the extent that operations policy serves as a hedge against adverse circumstances. We apply the proposed method to explore how supply chain characteristics affect the...

This article examines the quot;journeyquot; of management accounting education over the past 50 years, evaluates the state of the field today, and presents my personal observations about teaching approaches. I observe that we have seen a substantial addition of management accounting courses to...

This paper describes conditions under which both conventional costing and linear activity-based costing can yield poor approximations to actual expenditures. We use a simulation approach based on data from a field experiment in a hospital to estimate how the introduction of a new anesthetic...

This paper describes conditions under which both conventional costing and linear activity-based costing can yield poor approximations to actual expenditures. We use a simulation approach based on data from a field experiment in a hospital to estimate how the introduction of a new anesthetic...

This paper investigates the effects of the Ford Foundation's business school reform efforts in the 1950s on managerial accounting research. The results, based on a study of the managerial accounting research literature from 1926 through 1980, suggest that the reformers significantly affected...

This paper examines the impact of the Ford Foundation's business school reform efforts in the 1950s and the early 1960s on the nature of managerial accounting research. I find a significant change in the literature along the line suggested by the reformers. The business school reformers expected...

We argue that the mortgage meltdown can be considered a ldquo;normal accidentrdquo;. Our analysis suggests that the mortgage industry's complex and tightly coupled technology made it vulnerable to failure, irrespective of the level of greed and fraudulent behavior exhibited by mortgage industry...