Research papers positive accounting theory


research papers positive accounting theory

explain why accounting-based covenants in the UK, unlike the US, have a positive. Export, refWorksrdfxmlbibTexrioxx2 xmlrdfn-Triplesjsondublin CoreDublin CoreSimple MetadataRefermetshtml Citationascii CitationOpenURL ContextObject in Spanmpeg-21 didlep3 xmlreference Managerrdfn3Multiline CSV. Finally, the essay argues that the positive accounting theory and the decision-usefulness views of accounting have more in common than is sometimes supposed. It goes on to argue that certain features of positive accounting theory - its recognition of conflict and of institutional influences, and its focus on economic incentives - render it a particularly useful framework for research into loan covenants and the GCQ. Positive accounting theory and the study of corporate control: the role of loan covenants and the going concern qualification. This is reflected both in the ambiguous relation between accounting-based covenants and the investment opportunity set (which is resolved in this research for a UK setting and in the 'ad hoc' nature of many arguments put forward by the theory's proponents to explain existing practice. Downloads, actions (login required admin Login). The Papers' findings on 'ex post' matters contain early evidence on the costliness of covenant breaches, on the effectiveness of managerial opportunism in avoiding covenant violations and on the costliness of mandatory accounting changes. The essay discusses several possible explanations for the low GCQ rate among failed companies, adducing evidence from more recent research. The going concern paper addresses important issues of independence and disclosure.

Abstract, this thesis comprises four published papers (the Papers) - three on accounting-based loan covenants and one on the going concern qualification (GCQ) - plus a linking essay. The GCQ paper itself shows that, although the self-fulfilling prophecy argument and differential audit firm size do not appear to prejudice independence, auditor switching may pose such a threat. The essay concludes by pointing at directions for future research, in particular in areas with public policy implications, and by suggesting that greater use of a case study methodology could deepen our understanding of these issues. The essay shows how the agency literature is closely bound up with problems of corporate control. The essay focuses on the Papers' common subject matter of corporate control and on their common research methodology, positive accounting theory. In the context of loan covenants the essay also provides a methodological critique of positive accounting theory, which it sees as a developing research programme. The loan covenant papers address both the structuring of loan agreements ex ante' issues) and the subsequent functioning of such agreements, in particular breaches of covenant ex post' issues). (Unpublished Doctoral thesis, City University London).

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PAT has been one of the most influential accounting research programs. The book discusses the role of theory in empirical work. It then r eviews accounting theories involved in empirical studies of the use. Watts scholarship essay on educational goals and Zimmerman s Positive Accounting Theory provides a refreshing. Th e work, while the final one provides some speculation about where accounting thought might next venture. Journal of Accounting Research Supplement (1967 ). Positive accounting research consists of tests of positive accounting theory; it i s a substantial body of important accounting literature. The discussion in this paper. Theory underlying the empirical studies, accounting choice per se could not affect firm. Watts and Zimmerman-Positive Accounting Theory 133 if accounting. Empirical studies (or, as Watts and Zimmerman. 156) describe it, one line of positive accounting theory ) whose primary interest is the relevance.

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