Transparency, Financial Accounting Information, and Corporate Governance

[...]A fundamental objective of governance research inaccounting is to investigate the properties of accountingsystems and the surrounding institutional environmentimportant to the effective governance of firms. Bushman andSmith (2001) provide an extensive survey and discussion ofgovernance research in accounting and provide ideas for futureresearch. In this paper, we synthesize major research findingsin the accounting governance literature and extend Bushmanand Smith to consider corporate transparency more generally,which includes financial accounting information as oneelement of a complex information infrastructure.[...]