644
Views
7
CrossRef citations to date
0
Altmetric
Original Articles

What You Measure is What You Get: The Effects of Accounting Standards Effects Studies

&
Pages 171-190 | Published online: 02 Oct 2012

References

  • ASB and EFRAG (2011) Considering the Effects of Accounting Standards, Discussion Paper, ASB and EFRAG, Brussels.
  • Bagnoli , M. and Watts , S. G. 2010 . Oligopoly, disclosure, and earnings management . The Accounting Review , 85 ( 4 ) : 1191 – 1214 .
  • Ball , R. , Kothari , S. P. and Robin , A. 2000 . The effect of international institutional factors on properties of accounting earnings . Journal of Accounting and Economics , 29 ( 1 ) : 1 – 51 .
  • Ball , R. , Robin , A. and Wu , J. S. 2003 . Incentives versus standards: properties of accounting income in four East Asian countries . Journal of Accounting and Economics , 36 ( 1–3 ) : 235 – 270 .
  • Benston , G. J. 1969 . The value of the SEC's accounting disclosure requirements . The Accounting Review , 44 ( 3 ) : 515 – 532 .
  • Benston , G. J. 1973 . Required disclosure and the stock market: an evaluation of the Securities Exchange Act of 1934 . American Economic Review , 63 ( 1 ) : 132 – 155 .
  • Benston , G. J. 1982 . An analysis of the role of accounting standards for enhancing corporate governance and social responsibility . Journal of Accounting and Public Policy , 1 ( 1 ) : 5 – 17 .
  • Beresford , D. R. 1993 . Frustrations of a standards setter . Accounting Horizons , 7 ( 4 ) : 70 – 76 .
  • Beyer , A. , Cohen , D. A. , Lys , T. Z. and Walther , B. R. 2010 . The financial reporting environment: review of the recent literature . Journal of Accounting and Economics , 50 ( 2–3 ) : 296 – 343 .
  • Bruner , J. S. and Potter , M. C. 1964 . Interference in visual recognition . Science , 144 ( 3617 ) : 424 – 425 .
  • Bushee , B. J. and Leuz , C. 2005 . Economic consequences of SEC disclosure regulation: evidence from the OTC bulletin board . Journal of Accounting and Economics , 39 ( 2 ) : 233 – 264 .
  • Bushman , R. and Landsman , W. R. 2010 . The pros and cons of regulating corporate reporting: a critical review of the arguments . Accounting and Business Research , 40 ( 3 ) : 259 – 273 .
  • Bushman , R. and Piotroski , J. D. 2006 . Financial reporting incentives for conservative accounting: the influence of legal and political institutions . Journal of Accounting and Economics , 42 ( 1–2 ) : 107 – 148 .
  • Bushman , R. , Piotroski , J. D. and Smith , A. J. 2011 . Capital allocation and timely accounting recognition of economic losses . Journal of Business Finance and Accounting , 38 ( 1–2 ) : 1 – 33 .
  • Cahan , S. F. 1992 . The effect of antitrust investigations on discretionary accruals: a refined test of the political-cost hypothesis . The Accounting Review , 67 ( 1 ) : 77 – 95 .
  • Carsberg , B. V. 1984 . “ The usefulness of current cost accounting: conclusions from the research programme ” . In Current Cost Accounting: The Benefits and Costs , Edited by: Carsberg , B. V. and Page , M. 71 – 86 . Englewood Cliffs , NJ : Prentice-Hall International in Association with the Institute of Chartered Accountants in England and Wales .
  • Chen , R. S. 1975 . Social and financial stewardship . The Accounting Review , 50 ( 1 ) : 533 – 543 .
  • Christensen, H. B., Hail, L. and Leuz, C. (2010) Capital-market Effects of Securities Regulation: The Role of Implementation and Enforcement, Working Paper, University of Chicago and University of Pennsylvania.
  • Daske , H. , Hail , L. , Leuz , C. and Verdi , R. 2008 . Mandatory IFRS reporting around the world: early evidence on the economic consequences . Journal of Accounting Research , 46 ( 5 ) : 1085 – 1142 .
  • D'Souza , J. M. 1998 . Rate-regulated enterprises and mandated accounting changes: the case of electric utilities and post-retirement benefits other than pensions (SFAS 106) . The Accounting Review , 73 ( 3 ) : 387 – 410 .
  • Dechow , P. , Ge , W. and Schrand , C. 2010 . Understanding earnings quality: a review of the proxies, their determinants and their consequences . Journal of Accounting and Economics , 50 ( 2–3 ) : 344 – 401 .
  • Dopuch , N. 1978 . “ The impact of research on practice – a synthesis ” . In The Impact of Accounting Research on Practice and Disclosure , Edited by: Abdel-Khalik , R. and Keller , T. F. 134 – 173 . Durham , NC : Duke University Press .
  • Dye , R. A. 1990 . Mandatory versus voluntary disclosures: the cases of financial and real externalities . The Accounting Review , 65 ( 1 ) : 1 – 24 .
  • Ewert, R. and Wagenhofer, A. (2012) Using Academic research for the post-implementation review of accounting standards: a note, Abacus, 48(2), pp. 278–291.
  • FASB (Eds) . 2010 . Statement of Financial Accounting Concepts No. 8 , Norwalk , CT : FASB .
  • Feltham , G. A. , Gigler , F. B. and Hughes , J. S. 1992 . The effects of line-of-business reporting on competition in oligopoly settings . Contemporary Accounting Research , 9 ( 1 ) : 1 – 23 .
  • Fischer , F. , Miller , G. J. and Sidney , M. S. 2007 . Handbook of Public Policy Analysis: Theory, Politics, and Methods , Edited by: Fischer , F. , Miller , G. J. and Sidney , M. S. Boca Raton , FL : Taylor & Francis Group .
  • Fischer , P. E. and Verrecchia , R. E. 2000 . Reporting bias . The Accounting Review , 75 ( 2 ) : 229 – 245 .
  • Forrester , J. W. 1971 . Counterintuitive behavior of social systems . Technology Review , 73 ( 3 ) : 52 – 68 .
  • Foster , G. 1981 . Intra-industry information transfers associated with earnings releases . Journal of Accounting and Economics , 3 ( 3 ) : 201 – 232 .
  • Fülbier , R. U. , Hitz , J.-M. and Sellhorn , T. 2009 . Relevance of academic research and researchers’ role in the IASB's financial reporting standard setting . Abacus , 45 ( 4 ) : 455 – 492 .
  • Gennaioli , N. and Shleifer , A. 2010 . What comes to mind . Quarterly Journal of Economics , 125 ( 4 ) : 1399 – 1433 .
  • Gigerenzer , G. 1996 . On narrow norms and vague heuristics: a reply to Kahneman and Tversky (1996) . Psychological Review , 103 ( 3 ) : 592 – 596 .
  • Gigerenzer , G. and Brighton , H. 2009 . Homo heuristicus: why biased minds make better inferences . Topics in Cognitive Science , 1 ( 1 ) : 107 – 143 .
  • Grace , M. F. and Leverty , T. J. 2010 . Political cost incentives for managing the property–liability insurer loss reserve . Journal of Accounting Research , 48 ( 1 ) : 21 – 49 .
  • Hail , L. and Leuz , C. 2006 . International differences in the cost of equity capital: do legal institutions and securities regulation matter? . Journal of Accounting Research , 44 ( 3 ) : 485 – 531 .
  • Hail , L. , Leuz , C. and Wysocki , P. 2010 . Global accounting convergence and the potential adoption of IFRS by the U.S. (Part I): conceptual underpinnings and economic analysis . Accounting Horizons , 24 ( 3 ) : 355 – 394 .
  • Haller , A. and Walton , P. 2003 . “ Country differences and harmonization ” . In International Accounting, 2nd ed , Edited by: Walton , P. , Haller , A. and Raffournier , B. 1 – 34 . Den Haag : Thomson Learning .
  • Heckman , J. J. 1979 . Sample selection bias as a specification error . Econometrica , 47 ( 1 ) : 153 – 161 .
  • IASB (2011) Effect Analysis: IFRS 11 Joint Arrangements and Disclosures for Joint Arrangements Included in IFRS 12 Disclosure of Interests in Other Entities. IASB, London.
  • IFRS Foundation (2012) Post-implementation Review of IFRS 8. Update on Progress Made to February 2012. Staff paper for the IASB meeting from 19 to 21 March 2012. IFRS Foundation, London.
  • Iyengar , S. 1990 . The accessibility bias in politics: television news and public opinion . International Journal of Public Opinion Research , 2 ( 1 ) : 1 – 15 .
  • Jones , J. J. 1991 . Earnings management during import relief investigations . Journal of Accounting Research , 29 ( 2 ) : 193 – 228 .
  • Kahneman , D. and Tversky , A. 1973 . On the psychology of prediction . Psychological Review , 80 ( 4 ) : 237 – 251 .
  • Kahneman , D. and Tversky , A. 1996 . On the reality of cognitive illusions . Psychological Review , 103 ( 3 ) : 582 – 591 .
  • Kaplan , R. S. 1978 . “ The information content of financial accounting numbers: a survey of empirical evidence ” . In The Impact of Accounting Research on Practice and Disclosure , Edited by: Abdel-Khalik , R. and Keller , T. F. 134 – 173 . Durham , NC : Duke University Press .
  • Kaplan , R. S. and Norton , D. P. 1992 . The balanced scorecard – measures that drive performance . Harvard Business Review , 70 ( 1 ) : 71 – 79 .
  • Kedia , S. and Philippon , T. 2009 . The economics of fraudulent accounting . Review of Financial Studies , 22 ( 6 ) : 2169 – 2199 .
  • Key , K. G. 1997 . Political cost incentives for earnings management in the cable television industry . Journal of Accounting and Economics , 23 ( 3 ) : 309 – 337 .
  • Königsgruber , R. forthcoming . Expertise-based lobbying and accounting regulation . Journal of Management and Governance ,
  • La Porta , R. , López-De-Silanes , F. , Shleifer , A. and Vishny , R. 1997 . Legal determinants of external finance . Journal of Finance , 52 ( 3 ) : 1131 – 1150 .
  • La Porta , R. , López-De-Silanes , F. , Shleifer , A. and Vishny , R. 1998 . Law and finance . Journal of Political Economy , 106 ( 6 ) : 1113 – 1154 .
  • Leftwich , R. 1980 . Market failure fallacies and accounting information . Journal of Accounting and Economics , 2 ( 3 ) : 193 – 211 .
  • deLeon , P. and Vogenbeck , D. M. 2007 . “ The policy sciences at a crossroads ” . In Handbook of Public Policy Analysis. Theory, Politics and Methods , Edited by: Fischer , F. , Miller , G. J. and Sidney , M. S. 3 – 14 . Boca Raton , FL : Taylor & Francis Group .
  • Leuz , C. 2007 . Was the Sarbanes-Oxley Act of 2002 really this costly? A discussion of evidence from event returns and going-private decisions . Journal of Accounting and Economics , 44 ( 1–2 ) : 146 – 165 .
  • Leuz , C. 2010 . Different approaches to corporate reporting regulation: how jurisdictions differ and why . Accounting and Business Research , 40 ( 3 ) : 229 – 256 .
  • Leuz , C. , Nanda , D. and Wysocki , P. D. 2003 . Earnings management and investor protection: an international comparison . Journal of Financial Economics , 63 ( 3 ) : 505 – 527 .
  • Leuz , C. and Verrecchia , R. E. 2000 . The economic consequences of increased disclosure . Journal of Accounting Research , 38 ( 3 ) : 91 – 124 .
  • Leuz, C. and Wysocki, P. D. (2008) Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research, Working Paper, University of Chicago.
  • Lev , B. 1988 . Toward a theory of equitable and efficient accounting policy . The Accounting Review , 63 ( 1 ) : 1 – 22 .
  • Levav , J. and Fitzsimons , G. J. 2006 . When questions change behavior: the role of ease of representation . Psychological Science , 17 ( 3 ) : 207 – 213 .
  • Lim , S. and Matolcsy , Z. 1999 . Earnings management of firms subjected to product price controls . Accounting and Finance , 39 ( 2 ) : 131 – 150 .
  • Lindblom , C. E. 1959 . The science of ‘Muddling Through’ . Public Administration Review , 19 ( 2 ) : 79 – 88 .
  • Maijoor , S. 2010 . Discussion of ‘How can we measure the costs and benefits of changes in financial reporting standards?’ . Accounting and Business Research , 40 ( 3 ) : 329 – 330 .
  • Makar , S. D. and Alam , P. 1998 . Earnings management and antitrust investigations: political costs over the business cycles . Journal of Business Finance and Accounting , 25 ( 5–6 ) : 701 – 720 .
  • Marciukaityte, D. and Park, J. C. (2009) Market Competition and Earnings Management, Working Paper, Drexel University.
  • Marewski , J. N. , Schooler , L. J. and Gigerenzer , G. 2010 . Five principles for studying people's use of heuristics . Acta Psychologica Sinica , 42 ( 1 ) : 72 – 87 .
  • Markarian, G. and Santaló, J. (2010) Product Market Competition, Information and Earnings Management, Working Paper, IE Business School.
  • Márquez-Ramos, L. (2008) For the International Trade and Finance Association, The Effect of IFRS Adoption on Trade and Foreign Direct Investments, Working Paper, Universitat Jaume I de Castelló.
  • McLeay , S. , Ordelheide , D. and Young , S. 2000 . Constituent lobbying and its impact on the development of financial reporting regulations: evidence from Germany . Accounting, Organizations and Society , 25 ( 1 ) : 79 – 98 .
  • Meeks , G. and Swann , P. 2009 . Accounting standards and the economics of standards . Accounting and Business Research , 39 ( 3 ) : 191 – 210 .
  • Moran , M. 2010 . The political economy of regulation: does it have any lessons for accounting research? . Accounting and Business Research , 40 ( 3 ) : 215 – 225 .
  • Ozkan, N., Singer, Z. and You, H. (2012) Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation, Working Paper, University of Bristol, Mc Gill University Montreal and Hong Kong University of Science and Technology.
  • Pope , P. F. and McLeay , S. 2011 . The European IFRS experiment: objectives, research challenges and some early evidence . Accounting and Business Research , 41 ( 3 ) : 233 – 266 .
  • Ramanna, K. and Sletten, E. (2011) Network Effects in Countries’ Adoption of IFRS, Working Paper, Harvard Business School.
  • Rutherford , B. A. 2011 . Accounting research and accounting policy: what kind of gap? . Accounting in Europe , 8 ( 2 ) : 141 – 154 .
  • Schipper , K. 2010 . How can we measure the costs and benefits of changes in financial reporting standards . Accounting and Business Research , 40 ( 3 ) : 309 – 327 .
  • Scott , D. and Upton , W. 1991 . “ The role of cost–benefit considerations in the FASB's standards-setting process FASB ” . In Benefits, Costs and Consequences of Financial Accounting Standards , 1 – 21 . Norwalk , CT : FASB .
  • Singleton-Green , B. 2010 . The communication gap: why doesn't accounting research make a greater contribution to debates on accounting policy? . Accounting in Europe , 7 ( 2 ) : 129 – 145 .
  • Soderstrom , N. S. and Sun , K. J. 2007 . IFRS adoption and accounting quality: a review . European Accounting Review , 16 ( 4 ) : 675 – 702 .
  • Staubus , G. J. 1961 . A Theory of Accounting to Investors , Berkeley , CA : University of California Press .
  • Sunstein , C. R. 2006 . The availability heuristic, intuitive cost–benefit analysis, and climate change . Climatic Change , 77 ( 1–2 ) : 195 – 210 .
  • Tandy , P. R. and Wilburn , N. L. 1996 . The academic community's participation in standard setting: submission of comment letters on SFAS nos. 1–117 . Accounting Horizons , 10 ( 3 ) : 92 – 111 .
  • Thaler , R. H. and Sunstein , C. R. 2003 . Libertarian paternalism . The American Economic Review , 93 ( 2 ) : 175 – 179 .
  • Thaler , R. H. and Sunstein , C. R. 2008 . Nudge: Improving Decisions about Health, Wealth and Happiness , New Haven , CT : Yale University Press .
  • Tinaikar, S. and Xue, S. (2009) Product Market Competition and Earnings Management: Some International Evidence, Working Paper, University of Florida.
  • Trombetta, M., Wagonhofer, A. and Wysocki, P. (2012) The usefulness of academic research in understanding the effects of accounting standards, Accounting in Europe, 9(2), pp. 127–146.
  • Tversky , A. and Kahneman , D. 1973 . Availability: a heuristic for judging frequency and probability . Cognitive Psychology , 5 ( 2 ) : 207 – 232 .
  • Tversky , A. and Kahneman , D. 1974 . Judgment under uncertainty: heuristics and biases . Science , 185 ( 4157 ) : 1124 – 1131 .
  • Wagenhofer , A. 1990 . Voluntary disclosure with a strategic opponent . Journal of Accounting and Economics , 12 ( 4 ) : 341 – 363 .
  • Wagenhofer , A. 2009 . Global accounting standards: reality and ambitions . Accounting Research Journal , 22 ( 1 ) : 68 – 80 .
  • Watts , R. L. 2003a . Conservatism in accounting part I: explanations and implications . Accounting Horizons , 17 ( 3 ) : 207 – 221 .
  • Watts , R. L. 2003b . Conservatism in accounting part II: evidence and research opportunities . Accounting Horizons , 17 ( 4 ) : 207 – 221 .
  • Watts , R. L. and Zimmerman , J. L. 1978 . Towards a positive theory of the determination of accounting standards . The Accounting Review , 53 ( 1 ) : 112 – 134 .
  • Wysocki , P. D. 2011 . New institutional accounting and IFRS . Accounting and Business Research , 41 ( 3 ) : 309 – 328 .
  • Young , J. J. 2006 . Making up users . Accounting, Organizations and Society , 31 ( 6 ) : 579 – 600 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.