One reason for the disdain in which classical financial accounting research has come to held by many in the scholarly community is its allegedly insufficiently scientific nature. While many have defended classical research or provided critiques of post-classical paradigms, the motivation for this paper is different. It offers an epistemologically robust underpinning for the approaches and methods of classical financial accounting research that restores its claim to legitimacy as a rigorous, systematic and empirically grounded means of acquiring knowledge. This underpinning is derived from classical philosophical pragmatism and, principally, from the writings of John Dewey. The objective is to show that classical approaches are capable of yielding serviceable, theoretically based solutions to problems in accounting practice.
{"title":"A Pragmatist Defence of Classical Financial Accounting Research","authors":"B. Rutherford","doi":"10.1111/abac.12003","DOIUrl":"https://doi.org/10.1111/abac.12003","url":null,"abstract":"One reason for the disdain in which classical financial accounting research has come to held by many in the scholarly community is its allegedly insufficiently scientific nature. While many have defended classical research or provided critiques of post-classical paradigms, the motivation for this paper is different. It offers an epistemologically robust underpinning for the approaches and methods of classical financial accounting research that restores its claim to legitimacy as a rigorous, systematic and empirically grounded means of acquiring knowledge. This underpinning is derived from classical philosophical pragmatism and, principally, from the writings of John Dewey. The objective is to show that classical approaches are capable of yielding serviceable, theoretically based solutions to problems in accounting practice.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"296 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134392167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Delfina Gomes, G. Carnegie, Lúcia Maria Portela de Lima Rodrigues
This study of the interrelations of accounting and the State portrays accounting as a technology of government to effectively enact “practical action” (Snook, 2000: 186) at a distance in the Portuguese Empire. The study examines the development, application and enforcement of accounting rules under Portuguese imperialism in the “Pombaline Era” during the period 1761 to 1777. These rules, comprising the “1761 Law” and the later applicable accounting “Instructions,” were issued by the Royal Treasury, established in 1761, for application throughout the Portuguese Empire. Using the combination of Foucault’s concept of governmentality and Snook’s theory of “practical drift”, the study elucidates how the implementation and evaluation of accounting control systems permitted the Portuguese Government to exercise control at a distance, thereby mobilizing individuals to pursue its goals for the Empire. The measures taken to enforce conformity with the accounting rules are shown to have been targeted at deterring the phenomenon of practical drift and, therefore, were concerned with avoiding malfunctioning and potential chaos in colonial administration.
{"title":"Accounting as a Technology of Government in the Portuguese Empire: The Development, Application and Enforcement of Accounting Rules During the Pombaline Era (1761-1777)","authors":"Delfina Gomes, G. Carnegie, Lúcia Maria Portela de Lima Rodrigues","doi":"10.2139/ssrn.2227297","DOIUrl":"https://doi.org/10.2139/ssrn.2227297","url":null,"abstract":"This study of the interrelations of accounting and the State portrays accounting as a technology of government to effectively enact “practical action” (Snook, 2000: 186) at a distance in the Portuguese Empire. The study examines the development, application and enforcement of accounting rules under Portuguese imperialism in the “Pombaline Era” during the period 1761 to 1777. These rules, comprising the “1761 Law” and the later applicable accounting “Instructions,” were issued by the Royal Treasury, established in 1761, for application throughout the Portuguese Empire. Using the combination of Foucault’s concept of governmentality and Snook’s theory of “practical drift”, the study elucidates how the implementation and evaluation of accounting control systems permitted the Portuguese Government to exercise control at a distance, thereby mobilizing individuals to pursue its goals for the Empire. The measures taken to enforce conformity with the accounting rules are shown to have been targeted at deterring the phenomenon of practical drift and, therefore, were concerned with avoiding malfunctioning and potential chaos in colonial administration.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133960457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-12-01DOI: 10.1111/j.1467-6281.2012.00376.x
T. Tollington, G. Spinelli
Wand and Weber's fundamental premise is that ‘a physical‐symbol system has the necessary and sufficient properties to represent real‐world meaning’. Their representation of real‐world meaning flows from three possible information system models: representational, state‐tracking and de‐compositional. We address these three types of information system in the context of financial reporting systems and we use purchased goodwill and other intangible assets to selectively critique their characteristics. The principle feature of this critique is the comparison that is made throughout the paper between an economic and an artefactual (physical‐symbol) representation of assets, particularly the intangible ones, in the financial reporting domain.
{"title":"Applying Wand and Weber's Surface and Deep Structure Approaches to Financial Reporting Systems","authors":"T. Tollington, G. Spinelli","doi":"10.1111/j.1467-6281.2012.00376.x","DOIUrl":"https://doi.org/10.1111/j.1467-6281.2012.00376.x","url":null,"abstract":"Wand and Weber's fundamental premise is that ‘a physical‐symbol system has the necessary and sufficient properties to represent real‐world meaning’. Their representation of real‐world meaning flows from three possible information system models: representational, state‐tracking and de‐compositional. We address these three types of information system in the context of financial reporting systems and we use purchased goodwill and other intangible assets to selectively critique their characteristics. The principle feature of this critique is the comparison that is made throughout the paper between an economic and an artefactual (physical‐symbol) representation of assets, particularly the intangible ones, in the financial reporting domain.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132509516","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The accounting Public Oversight Board (POB), an independent private sector body, was established in 1977, held its first meeting in 1978, and was terminated in 2002 at the creation of the Public Company Accounting Oversight Board (PCAOB). During the last twelve years of its history, the POB honored sixteen individuals with the John J. McCloy Award for Outstanding Contributions to Audit Excellence. These individuals included McCloy, the POB’s first chairman, and fifteen others who made great contributions to auditing in America during the later years of the twentieth century. This manuscript profiles McCloy and the individuals who were recipients of the McCloy Award. These recipients included some of the best known names in the accounting profession, plus a few who were not so well known. Some were not even accountants.
会计公共监督委员会(POB)是一个独立的私营部门机构，成立于1977年，于1978年举行了第一次会议，并于2002年因上市公司会计监督委员会(PCAOB)的成立而终止。在过去12年的历史中，POB向16名个人颁发了John J. McCloy卓越审计杰出贡献奖。这些人包括POB的第一任主席McCloy，以及其他15位在20世纪后期对美国审计做出重大贡献的人。这份手稿介绍了麦克洛伊和个人谁是麦克洛伊奖的接受者。这些获奖者包括一些在会计行业最知名的人，以及一些不太知名的人。有些人甚至不是会计。
{"title":"Profiling the Winners of the Public Oversight Board’s John J. Mccloy Award","authors":"D. L. Flesher, G. Previts, Andrew D. Sharp","doi":"10.2139/SSRN.2118856","DOIUrl":"https://doi.org/10.2139/SSRN.2118856","url":null,"abstract":"The accounting Public Oversight Board (POB), an independent private sector body, was established in 1977, held its first meeting in 1978, and was terminated in 2002 at the creation of the Public Company Accounting Oversight Board (PCAOB). During the last twelve years of its history, the POB honored sixteen individuals with the John J. McCloy Award for Outstanding Contributions to Audit Excellence. These individuals included McCloy, the POB’s first chairman, and fifteen others who made great contributions to auditing in America during the later years of the twentieth century. This manuscript profiles McCloy and the individuals who were recipients of the McCloy Award. These recipients included some of the best known names in the accounting profession, plus a few who were not so well known. Some were not even accountants.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132349767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-06-01DOI: 10.1111/j.1467-6281.2012.00361.x
I. Davidson, Q. Guo, Xiaojing Song, M. Tippett
We demonstrate how one can build pricing formulae in which factors other than beta may be viewed as determinants of asset returns. This is important conceptually as it demonstrates how the additional factors can compensate for a market portfolio proxy that is mis-specified, and also shows how such a pricing model can be specified ex ante. The procedure is implemented by first selecting an ‘orthogonal’ portfolio which falls on the mean-variance efficient frontier computed from the empirical average returns, variances and covariances on the equity securities of a large sample of firms. One then determines the inefficient index portfolio which leads to a vector of betas that when multiplied by the average return on the orthogonal portfolio, and which when subtracted from the vector of average returns for the firms comprising the sample, yields an error vector that is equal to the vector of numerical values for the variables that are to form the basis of the asset pricing formula. There will then be a perfect linear relationship between the vector of average returns for the firms comprising the sample, the vector of betas based on the inefficient index portfolio and such other factors that are deemed to be important in the asset pricing process. We illustrate computational procedures using a numerical example based on the quality of information contained in published corporate financial statements.
{"title":"Constructing Asset Pricing Models with Specific Factor Loadings","authors":"I. Davidson, Q. Guo, Xiaojing Song, M. Tippett","doi":"10.1111/j.1467-6281.2012.00361.x","DOIUrl":"https://doi.org/10.1111/j.1467-6281.2012.00361.x","url":null,"abstract":"We demonstrate how one can build pricing formulae in which factors other than beta may be viewed as determinants of asset returns. This is important conceptually as it demonstrates how the additional factors can compensate for a market portfolio proxy that is mis-specified, and also shows how such a pricing model can be specified ex ante. The procedure is implemented by first selecting an ‘orthogonal’ portfolio which falls on the mean-variance efficient frontier computed from the empirical average returns, variances and covariances on the equity securities of a large sample of firms. One then determines the inefficient index portfolio which leads to a vector of betas that when multiplied by the average return on the orthogonal portfolio, and which when subtracted from the vector of average returns for the firms comprising the sample, yields an error vector that is equal to the vector of numerical values for the variables that are to form the basis of the asset pricing formula. There will then be a perfect linear relationship between the vector of average returns for the firms comprising the sample, the vector of betas based on the inefficient index portfolio and such other factors that are deemed to be important in the asset pricing process. We illustrate computational procedures using a numerical example based on the quality of information contained in published corporate financial statements.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127597062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The duty of preparation and the extent of "fairness" in accounting data are a corporate responsibility. Companies today are becoming more aware of ethical programs and practices in accounting and reporting that have hitherto been considered as softer sides of doing business. The paper deliberates on various ethical governance issues in accounting and reporting including the development of ethical thought, critical issues involved and the expected responses from the stakeholders in resolving ethical dilemmas. The accountant in today’s world are expected to enhance their value addition through every role he performs and thereby rise to the expectations of the public, because the integrity of an accountant is cornerstone of sound accounting and reporting practices.
{"title":"Ethical Governance Issues in Accounting and Reporting: Dilemmas of the Accountant","authors":"Manoj S. Kamat, M. Kamat","doi":"10.2139/SSRN.1987917","DOIUrl":"https://doi.org/10.2139/SSRN.1987917","url":null,"abstract":"The duty of preparation and the extent of \"fairness\" in accounting data are a corporate responsibility. Companies today are becoming more aware of ethical programs and practices in accounting and reporting that have hitherto been considered as softer sides of doing business. The paper deliberates on various ethical governance issues in accounting and reporting including the development of ethical thought, critical issues involved and the expected responses from the stakeholders in resolving ethical dilemmas. The accountant in today’s world are expected to enhance their value addition through every role he performs and thereby rise to the expectations of the public, because the integrity of an accountant is cornerstone of sound accounting and reporting practices.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125154204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the XVIII century, Cadiz, after having inherited from Seville the role of eminent Spanish commercial center - the main bridgehead between Europe and America -, entered into an age of remarkable prosperity (defined an authentic siglo de oro). This city, built at the extreme border of Spain, pointed out on the Atlantic shoreline and extended towards the most disparate broken off marine, has represented for a long period of time a center of world-wide traffics: it was a border between civilization and other worlds that through Cadiz entered in relation, creating a strong network of commercial relationships. Along the characteristics of the Gaditanian commercial affirmation one must consider the peculiarity of the experience of the mercantile enterprises (their organization and management, with their administrative and book-keeping techniques) that became part of an economic environment based on the activities of intermediation and the initiatives of small capacity, insufficient capitalized, but highly rimunerative. In particular, the analysis of the book-keeping activities and management has helped to widen a fundamental aspect of the commercial experience of the age. This surveying has been carried out through estimating, in general line, the evolution of the Gaditanian accounting between the XVIII and the XIX centuries; as a concrete case it is carefully examined, a company that has operated in Cadiz from the half of the 1700's: the 'Gonzalez de la Sierra' compania.
在18世纪，加的斯从塞维利亚继承了西班牙著名商业中心的角色——欧洲和美洲之间的主要桥头堡——进入了一个非常繁荣的时代(定义为真正的siglo de oro)。这座城市建在西班牙的最边境线上，面向大西洋海岸线，一直延伸到最分散的海洋，在很长一段时间里，它一直是世界范围内的交通中心:它是文明和其他世界之间的边界，通过加的斯进入，形成了一个强大的商业关系网络。除了Gaditanian商业肯定的特征之外，人们必须考虑商业企业经验的特殊性(它们的组织和管理，以及它们的行政和簿记技术)，它们成为基于中介活动和小能力的倡议的经济环境的一部分，资本不足，但高度活跃。特别是对簿记活动和管理的分析有助于扩大这个时代商业经验的一个基本方面。这项调查是通过估计十八世纪和十九世纪之间伽底塔尼亚会计的演变来进行的;作为一个具体的案例，它被仔细审查，从18世纪中期开始在加的斯经营的一家公司:“冈萨雷斯德拉塞拉”公司。
{"title":"The Gaditanian Accounting Practice and the Management Methods of a Commercial Firm in Cadiz between XVIII and XIX Centuries","authors":"A. Lepore","doi":"10.2139/ssrn.1980035","DOIUrl":"https://doi.org/10.2139/ssrn.1980035","url":null,"abstract":"In the XVIII century, Cadiz, after having inherited from Seville the role of eminent Spanish commercial center - the main bridgehead between Europe and America -, entered into an age of remarkable prosperity (defined an authentic siglo de oro). This city, built at the extreme border of Spain, pointed out on the Atlantic shoreline and extended towards the most disparate broken off marine, has represented for a long period of time a center of world-wide traffics: it was a border between civilization and other worlds that through Cadiz entered in relation, creating a strong network of commercial relationships. Along the characteristics of the Gaditanian commercial affirmation one must consider the peculiarity of the experience of the mercantile enterprises (their organization and management, with their administrative and book-keeping techniques) that became part of an economic environment based on the activities of intermediation and the initiatives of small capacity, insufficient capitalized, but highly rimunerative. In particular, the analysis of the book-keeping activities and management has helped to widen a fundamental aspect of the commercial experience of the age. This surveying has been carried out through estimating, in general line, the evolution of the Gaditanian accounting between the XVIII and the XIX centuries; as a concrete case it is carefully examined, a company that has operated in Cadiz from the half of the 1700's: the 'Gonzalez de la Sierra' compania.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"10 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121550257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
La contabilidad ha adquirido no solo una alta visibilidad como disciplina, sino que ha contribuido con su quehacer a crear autenticas crisis economicas; en honor a su creciente importancia, ya pueden denominarse crisis contables. Se tomaran algunas ilustraciones sobre la crisis de la contabilidad de Macintosh (2005), pero algunos argumentos estan igualmente en dificultades; aqui se propone que la salud de la representacion epistemologica no esta tan grave como se le intenta explicar y describir en relacion con las crisis de la practica contable.As a discipline, Accounting has acquired not only a high visibility, but also it has contributed to the creation of authentic economic crisis; due to its relevant importance, they can be called accounting crisis. The paper will examine Macintosh (2005) explanation of crisis but it will prove that this kind of arguments is also in crisis; the paper claims that the methodological representation is in good shape, even though the wrong pictures related to the accounting practice.
{"title":"Crisis de la Práctica Contable vs. Crisis Epistemológica de la Contabilidad (Accounting Practice in Crisis vs. Philosophical Accounting in Crisis)","authors":"Fabio Maldonado-Veloza","doi":"10.2139/ssrn.1985158","DOIUrl":"https://doi.org/10.2139/ssrn.1985158","url":null,"abstract":"La contabilidad ha adquirido no solo una alta visibilidad como disciplina, sino que ha contribuido con su quehacer a crear autenticas crisis economicas; en honor a su creciente importancia, ya pueden denominarse crisis contables. Se tomaran algunas ilustraciones sobre la crisis de la contabilidad de Macintosh (2005), pero algunos argumentos estan igualmente en dificultades; aqui se propone que la salud de la representacion epistemologica no esta tan grave como se le intenta explicar y describir en relacion con las crisis de la practica contable.As a discipline, Accounting has acquired not only a high visibility, but also it has contributed to the creation of authentic economic crisis; due to its relevant importance, they can be called accounting crisis. The paper will examine Macintosh (2005) explanation of crisis but it will prove that this kind of arguments is also in crisis; the paper claims that the methodological representation is in good shape, even though the wrong pictures related to the accounting practice.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116067102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2011-10-04DOI: 10.1017/cbo9781139013284
Steven A. Bank
The U.K. and the U.S. have historically represented opposite ends of the spectrum in their approaches to taxing corporate income. Under the British approach, corporate and shareholder income taxes have been integrated under an imputation system, with tax paid at the corporate level imputed to shareholders through a full or partial credit against dividends received. Under the American approach, by contrast, corporate and shareholder income taxes have remained separate under what is called a “classical” system in which shareholders have received, until very recently, little or no relief from a second layer of taxes on dividends. This excerpt is the introduction from a book entitled Anglo-American Corporate Taxation: Tracing the Common Roots of Divergent Approaches (Cambridge University Press 2011). The book explores the evolution of the corporate income tax systems in each country during the 19th and 20th centuries to understand the common legal, economic, political, and cultural forces that produced such divergent approaches and explains why convergence may be likely in the future as each country grapples with corporate taxation in an era of globalization.
{"title":"Anglo-American Corporate Taxation: Tracing the Common Roots of Divergent Approaches","authors":"Steven A. Bank","doi":"10.1017/cbo9781139013284","DOIUrl":"https://doi.org/10.1017/cbo9781139013284","url":null,"abstract":"The U.K. and the U.S. have historically represented opposite ends of the spectrum in their approaches to taxing corporate income. Under the British approach, corporate and shareholder income taxes have been integrated under an imputation system, with tax paid at the corporate level imputed to shareholders through a full or partial credit against dividends received. Under the American approach, by contrast, corporate and shareholder income taxes have remained separate under what is called a “classical” system in which shareholders have received, until very recently, little or no relief from a second layer of taxes on dividends. This excerpt is the introduction from a book entitled Anglo-American Corporate Taxation: Tracing the Common Roots of Divergent Approaches (Cambridge University Press 2011). The book explores the evolution of the corporate income tax systems in each country during the 19th and 20th centuries to understand the common legal, economic, political, and cultural forces that produced such divergent approaches and explains why convergence may be likely in the future as each country grapples with corporate taxation in an era of globalization.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126626603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this paper is to overview the most popular theories that have been used in prior research to explain voluntary corporate disclosures and to provide guidance about the choice of a suitable theory or theories for different types of voluntary disclosure research. It presents a comprehensive comparison of voluntary disclosure theories and relates each of the theories to the type of information disclosure being examined. Following prior research, we classify disclosures into strategic and forward looking, financial, and non-financial information. We show that similarities and differences between theories stem from underlying paradigm differences which are related to incentives to disclose and the costs and benefits considered by each theory. The choice of a suitable theory to underpin the research depends on the type of information disclosure being examined and the external parties considered.
{"title":"Voluntary Disclosure Research: Which Theory Is Relevant?","authors":"Julie Cotter, Norziana Lokman, Muftah M. Najah","doi":"10.2139/ssrn.3470466","DOIUrl":"https://doi.org/10.2139/ssrn.3470466","url":null,"abstract":"The purpose of this paper is to overview the most popular theories that have been used in prior research to explain voluntary corporate disclosures and to provide guidance about the choice of a suitable theory or theories for different types of voluntary disclosure research. It presents a comprehensive comparison of voluntary disclosure theories and relates each of the theories to the type of information disclosure being examined. Following prior research, we classify disclosures into strategic and forward looking, financial, and non-financial information. We show that similarities and differences between theories stem from underlying paradigm differences which are related to incentives to disclose and the costs and benefits considered by each theory. The choice of a suitable theory to underpin the research depends on the type of information disclosure being examined and the external parties considered.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126436444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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