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The Economics and Politics of Accounting

The Economics and Politics of Accounting International Perspectives on Research Trends, Policy, and Practice

Name: The Economics and Politics of Accounting
Brand: Oxford University Press
SKU: 9780199286782
Price: 542.23 HKD
Availability: OutOfStock
Author: Christian Leuz; Dieter Pfaff; Anthony Hopwood
ISBN: 9780199286782

Edited by Christian Leuz · Dieter Pfaff · Anthony Hopwood

Oxford University Press September 2005

Specifications

ISBN-13: 9780199286782
Publisher: Oxford University Press
Publication: September 2005
Format: Paperback , 436 pages
Jurisdiction: International ? Countri(es) for reference only

Details

Focuses on key issues in accounting, setting them in the context of current accounting debates and trends
Collects together a stellar group of international academics

Accounting and the role of accountants has permeated the modern societies. For the most part we have accepted the impartiality and objectivity of accounting and not recognized how accounting systems are embedded in a country's economic and legal framework, much of which is in turn shaped by political processes. This web of interactions results in complex economic and political questions which require accounting researchers to focus on several related trends: information economics, regulatory economics, sociology, and political science.

Although considerable progress has been made in the field of accounting, many fundamental questions are still subject to debate. In this book leading international scholars address a number of important questions:

· What is the role of accounting in security valuation, decision making and contracting?
· What can we learn from economics-based research in accounting?
· What is the role of auditing and how can accounting standards be enforced?
· What are the cost and benefits of accounting and disclosure regulation?
· What is the role of accounting in society?
· How does lobbying affect the political process of standard setting?
· What are the consequences of the internationalization of standard setting?

This seminal book will be of interest to academics, researchers, and graduate students of Accounting, Finance, Business Studies, Sociology, and Political Economy.

Readership: Academics, researchers, and graduate students of Accounting, Finance, Business Studies, Sociology, and Political Economy.

Anthony Hopwood: Preface
1: Christian Leuz, Dieter Pfaff, and Anthony Hopwood: Introduction and Overview
Part I: One the Economics and Roles of Accounting
Roles of Financial Accounting: Equity Valuation
2: Alfred Wagenhofer: Accounting and Economics: What We Learn From Analytical Models in Finanical Accounting and Reporting
3: Michael Bromwich: Aspects of the Future in Accounting: The Use of Market Prices and 'Fair Values' in Financial Reports
4: Wolfgang Ballwieser: The Limitations of Financial Reporting
Roles of Fianancial Accounting: Performance Measurement and Corporate Governance
5: Dieter Pfaff: Value-Based Management and Performance Measures: Cash Flow Versus Accrual Accounting
6: Ray Ball: Corporate Governance and Financial Reporting at Daimler-Benz (DaimlerChrysler) AG: From a 'Stakeholder' Toward a 'Shareholder Value' Model
Part II: On the Regulation and Enforcement of Accounting
Disclosure Regulation
7: Robert Verrecchia: Policy Implications from the Theory-Based Literature on Disclosure
8: Christian Leuz: Proprietary Versus Non-Proprietary Disclosures: Evidence from Germany
Enforcement of Accounting Standards
9: Walther Busse von Colbe: New Accounting for Goodwill: Application of American Criteria from a German Perspective
10: Günter Gebhardt and Aaron Heilmann: Compliance with German and International Accounting Standards in Germancy: Evidence from Cash Flow Statements
11: Ralf Ewert: Audit Regulation, Audit Quality, and Audit Research in the Post-Enron Era: An Analysis of Non-Audit-Services
Part III: On the Politics and Standard Setting of Accounting
The Role of Accounting in Society and Constituent Lobbying
12: Dieter Ordelheide: The Politics and Ontology of Accounting
13: Stuart McLeay, Dieter Ordelheide, and Steven Young: Constituent Lobbying and its Impact on the Development of Financial Reporting Regulations: Evidence from Germany
14: Stuart McLeay and Doris Merkl: Drafting Accounting Law: An Analysis of Institutionalised Interest Representations
Standard Setting Processes and International Accounting Standards
15: Karel van Hulle: From Accounting Directives to International Accounting Standards
16: Michael Power: Academics in the Accounting Policy Process: England and Germany Compared

About the Author

Edited by Christian Leuz, Assistant Professor in Accounting at the Wharton School of the University of Pennsylvania, Dieter Pfaff, Professor of Accounting at the University of Zurich, and Anthony Hopwood, Peter Moores Dean of the Saïd Business School, University of Oxford

Contributors:
Ray Ball, Sidney Davidson Professor, Graduate School of Business, University of Chicago
Wolfgang Ballwieser, Professor at the Institute for Accounting and Auditing, University of Munich
Michael Bromwich, Chartered Institute of Management Accountants Professor of Accounting and Financial Management, London School of Economics and Political Science
Ralf Ewart, Professor at the Faculty of Economics and Business Administration, Chair of Controlling and Auditing, Goethe University Frankfurt
Günter Gebhardt, Professor of Accounting and Auditing, Goethe University Frankfurt
Aaron Heilmann, Research Associate at the Chair of Accounting and Auditing, Goethe University Frankfurt
Anthony Hopwood, Professor, Peter Moores Dean, Said Business School, University of Oxford
Christian Leuz, Harold Stott Term Assistant Professor of Accounting, The Wharton School of the University of Pennsylvania and the Wharton Financial Institution Center
Stuart McLeay, Professor, University of Wales Bangor
Doris Merkl, Research Fellow, School for Business and Regional Development, University of Wales Bangor
Dieter Ordelheide (1939-2000), Professor, Chair of International Accounting, Goethe University of Frankfurt
Dieter Pfaff, Professor at the Institute for Accounting, University of Zurich
Michael Power, P.D. Leake Professor of Accounting and Director ESRC Centre for Analysis of Risk and Regulation, London School of Economics and Political Science
Karel van Hulle, Head of Unit Accounting and Auditing, European Commission
Robert Verrecchia, Elizabeth F. Putzel Professor of Accounting, The Wharton School of the University of Pennsylvania
Walter Busse von Colbe, Emeritus, University of Bochum
Alfred Wagenhofer, Professor at the Institute of Management Accounting and Control, University of Graz
Steven Young, Senior Lecturer, Lancaster University Management School

Reviews

"This is a collection of original papers by colleagues and friends of the late Dieter Ordelheide, and dedicated to his memory. It is a fitting tribute to such a distinguished and productive scholar, because it makes a variety of serious contributions to fields of accounting and policy-making with which he was concerned. Its quality is such that the book is well worth reading in its own right, not simply as a tribute. The dedicatee himself appears as author of one paper and co-author of another: surely the farewell that he would have wished to make." - European Accounting Review

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