アメリカにおける会計選択の実証理論の展開(会計,産業社会の変革と企業経営の諸問題)

概要

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The purpose of this paper is to review the development of a positive theory of accounting choice in the United States. The positive theory of accounting choice seeks to explain and predict, how the discretionary selection of accounting procedures by management, and the mandatory change in accounting standards by the accounting standards setting body, influence the stock market, and therefore the wealth of management. Until recently, much research in accounting has followed the efficient market hypothesis, which regards accounting choice as having no influence over share prices. In contrast, the positive theory of accounting choice attempts to describe how accounting choice influencs share prices, and accordingly the wealth of management, by introducing the concepts of contractual and political cost. Empirical research into the economic consequences of accounting choice has not yet yielded definite results. However, further developments can be expected by enlarging the view which had been limited to management, shareholders, and the capital market, to include other interested parties.
日本大学の論文
1985-03-01