ECONOMIC INCENTIVES FOR THE VOLUNTARYS
- 文档达人
-
0 次阅读
-
0 次下载
-
2020-12-10 17:09:22
微信
赏
支付宝
文档简介:
JournalofAccountingandEconomics10(1988)151-167.North-HollandECONOMICINCENTIVESFORTHEVOLUNTARYDISCLOSUREOFCURRENTCOSTFINANCIALSTATEMENTSJilnaughtWONG*UniversityofAuckland,Auckland,NewZealandReceivedOctober1985,finalversionreceivedSeptember1987ThisstudyexamineswhysomeNewZealandlistedcompaniesvoluntarilypresentcurrentcostfinancialstatements.Theresultssuggestthattaxandpoliticalcostconsiderationsareinfluentialinthevoluntarydisclosureofcurrentcostinformation.1.IntroductionThisstudyexamineswhetherNewZealandlistedcompanies’voluntarydisclosureofcurrentcostfinancialstatementsisaproductofthepoliticalprocess.Itmakestwocontributionstounderstandingmotivesforaccountingchoices.First,itextendsthedomainofaccountingchoicesbeyondthoseunderthehistoriccostmodel,onwhichmoststudieshavefocused,’byempiricallytestingtheeconomicfactorsinfluencingmanagement’sdecisiontopresentcurrentcostfinancialstatements.*Second,thestudyprovidesatestoftheeconomicconsequencesofaccountingdecisionsinadifferentinstitutionalenvironment.MostofthestudiestodatearebasedonUnitedStatescorpora-tions.3Althoughthesestudiesfocusondifferentaccountingissuesusingdifferentsamples,therebycontributingtowardstheexternalvalidityofthe*IwishtothankRayBall,AllanBarton,MichaelBradbury,AndrewChristie,DavidEmanuel,DaleMorse,AlastairScott,IanStewart,DavidTweedie,RossWatts,GregWhittred,JeroldZimmerman,andPaulHealy(thereferee)fortheirvaluablecomments.IalsowishtothankRussellFultonandJimManegoldfortheirassistancewithcomputerprogramming.Thefinancialsupp
评论
发表评论