When facing repeated interactions, firms in an oligopoly can engage in tacit collusion, using the threat of a price war in future periods to sustain higher prices and industry profits in the current period. This paper explores how strategic voluntary disclosures can play an important role as...

At the fundamental level, the key challenge to a theory of income measurement is to resolve the problem caused by soft information, which leads to incomplete preferences within the entity (i.e. some alternatives are not always unambiguously ranked). This paper presents a formal axiomatic...

In this essay, I wish to invite young scholars to learn, use, and contribute to accounting theory. In this invitation, I argue theory has lineage, is important and can be fun. Its lineage comes from the post-WWII scientific revolution in management education and research. Theory is important...