This study suggests looking at the specific changes in the FASB Exposure Drafts (rather than simply regressing constituent preferences on the Statements of Financial Accounting Standards) as an alternative approach to existing lobbying studies. It stipulated relationships between the constituent...

Although there have been conjectures about possible occurrences of Fibonacci numbers and golden means and ratios in financial statements (Feroz 1992), it is intriguing as to why managers should be reporting these rather stylized series of numbers the occurrences of which have hitherto been...

Accounting texts rarely devote adequate attention to the political process of accounting standards setting. Usually the subject is addressed, if at all, only in a graduate seminar, and many students get through business programs with a rather hazy idea about Generally Accepted Accounting...

In this study, we examine the relationships between lobbying choices and insider trading behavior by managers before and after the issuance of the 1974 FASB Exposure Draft on Ramp;D. Our results indicate that managers compensated by accounting-based schemes lobbied against the FASB Exposure...

Ratio analysis is a commonly used analytical tool for verifying the performance of a firm. While ratios are easy to compute, which in part explains their wide appeal, their interpretation is problematic when two or more ratios provide conflicting signals. Indeed, ratio analysis is often...