...Carlos Corona; Zeqiong Huang; Hyun Hwang ABSTRACT Uniformity is an essential feature of financial reporting, yet its desirability has long been debated. We study a model in which firms decide whether to adopt either their locally preferred accounting methods or a common method, followed...

...Zhe Li; Kangtao Ye; Cheng Zeng (Colin); Bo Zhang ABSTRACT There is an ongoing debate over uniformity versus flexibility in accounting regulation. This study examines the financial reporting consequences of a rigid accounting rule in China under which the fiscal year-end is uniform for all...