... 07 2023 28 07 2023 2024 accounting standards uniformity comparability disclosure regulation resource allocation We thank helpful comments from Judson Caskey (editor), two anonymous referees, Rick Antle, Peter Bogetoft, Jonathan Bonham, Jeremy Bertomeu (discussant...

...Xu Jiang; Chao Tang; Gaoqing Zhang ABSTRACT We study the economic impacts of adopting harmonized accounting standards when firms’ investments exhibit beauty contest features. We model harmonized accounting standards as common/correlated noises in firms’ accounting reports. We show that while more...

... with them. ¹ accounting standards dynamic voting investments disclosure regulation political economy Accounting is a political as well as economic institution. These two aspects co-evolve through a feedback loop. Accounting standards generate economic consequences...

... 2022 13 04 2022 2023 accounting standards prudential regulation capital requirements expected loss models loan loss provisioning rules Prudential regulation relies on inputs from accounting numbers. However, prudential regulators and accounting standard setters do...

... In August 2014, the Financial Accounting Standards Board ( FASB 2014 ) issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern...

...Brian R. Monsen ABSTRACT Despite the considerable participation of Big 4 accounting firms in accounting standard setting, there is no systematic evidence on what factors shape Big 4 support or opposition toward proposed accounting standards or whether their lobbying positions materially influence...

...Braden Williams; Brian M Williams ABSTRACT This study examines whether financial accounting standards moderate the effectiveness of tax policy. Specifically, we examine whether myopic managers' focus on short-term financial reporting reduces the effectiveness of tax subsidies that incentivize...

...Jeremy Bertomeu; Edwige Cheynel ABSTRACT This article develops a theory of standard-setting in which accounting standards emerge endogenously from an institutional bargaining process. It provides a unified framework with investment and voluntary disclosure to examine the links between regulatory...

... an efficient level of accounting standardization. Without guidance from researchers, the level of accounting standardization is set according to the intuition of standard-setters. Using data on a large cross-section of occupations, I provide evidence that the level of standardization in financial reporting...