This dissertation examines two research questions that contribute to our understanding of the role of accounting …

Incentives of executives and board of directors play an important role in corporate decisions. Principal agent theory …

Current UK lease accounting regulation does not require operating leases to be capitalised in the accounts of lessees … valuations, company cash flows, and managers' behaviour can be indicated by the effect on key accounting ratios, which are … similar to that suggested by Imhoff, Lipe and Wright (1991), adapted for the UK accounting and tax environment, and developed …

In response to perceived difficulties with extant lease-accounting standards in operation worldwide, the G4+1 issued a … a new approach, discussion paper. London: Accounting Standards Board]. Leasing is now on the active agenda of the IASB … conducting a questionnaire survey of U.K. users and preparers to assess their views on proposals for lease-accounting reform and …

the firms seek to maintain a target debt level, consistent with trade-off theory, but 60 per cent claim to follow a … financing hierarchy, consistent with pecking order theory. These two theories are not viewed by respondents as either mutually …