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Implications for GAAP from an analysis of positive research in accounting
Kothari, S. P.; Ramanna, Karthik; Skinner, Douglas J. - 2010 - Rev.
Based on extant literature, we review the positive theory of GAAP. The theory predicts that GAAP's principal focus is on control (performance measurement and stewardship) and that verifiability and conservatism are critical features of a GAAP shaped by market forces. We recognize the advantage...
Persistent link: https://www.econbiz.de/10003940201
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Accounting conservatism and firm value : evidence from the global financial crisis
Watts, Ross L.; Zuo, Luo - 2011 - Current version: November 2011
This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … debt raising activity and stock performance. The evidence suggests that accounting conservatism reduces underinvestment in …
Persistent link: https://www.econbiz.de/10009579601
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Incentives for tax planning and avoidance : evidence from the field
Graham, John R.; Hanlon, Michelle Lee; Shevlin, Terry; … - 2013
planning strategy. We also find that financial accounting incentives play a role. For example, 84% of publicly traded firms …
Persistent link: https://www.econbiz.de/10010194828