Books in the Foundations and Trends (R) in Accounting series

Presents three variants of the neoclassical investment model and characterizes the firm's optimal investment policy, equity value, and the desirable properties of accrual accounting rules in each setting.

Provides a compact introduction to academic research on market efficiency, behavioural finance, and fundamental analysis. The book is dedicated to the kind of decision-driven and prospectively-focused research that is much needed in a market constantly seeking to become more efficient.

Reviews prior studies and proposes new research directions for the corporate governance of China's listed firms. The primary focus is to investigate the underlying relation between China's institutional environment and its listed firms' corporate governance, and show how formal and informal governance mechanisms actually work within these firms.

In a good financial reporting regime, attributes, goals, and practice are not mutually exclusive. It is unlikely that any one of them is entirely satisfactory by itself; they complement one another. Better Financial Reporting argues for such a syncretic attitude to financial reporting regime.

Presents a new approach to the study of accounting measurement and disclosure that challenges the existing accounting literature. This approach argues that how firms' economic transactions, earnings, and capital flows are measured and reported to the capital markets has substantial effects on the allocation of resources in the economy in general.

The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and Product managers internalize something other than their true costs.

Presents practical and conceptual issues related to fair value measurement in financial reporting and to evaluate certain research design aspects of empirical research that investigates the information properties of fair value measurement, both in an absolute sense and in comparison to other measurement bases.

Reviews and illustrates earnings management, conservatism, and their effects on earnings quality in an economic modeling framework. Both earnings management and conservative accounting introduce biases to financial reports. The primary issue addressed is what economic effects these biases have on earnings quality or financial reporting quality.

Attempts to promote a broad debate about the notion of causality and the role of causal inference in the social sciences. This volume allows researchers and students in accounting, and the social sciences, to acquire a deeper understanding of the notion of causality and the nature, limits, and scope of empirical research in the social sciences.

Provides a structured overview of costing system research to explain the co-existence of different costing practices. This body of research has come to prescriptive conclusions, which will of be valuable and insightful to practitioners designing costing systems and managers using reported cost data.

Costing Systems provide a structured overview of costing system research to explain the co-existence of different costing practices. This book is structured around four primary purposes of cost measurement: decision-making, cost management, inventory valuation for financial and tax accounting, and control and performance measurement.

Provides an interactive step-by-step framework for analysing spoken or written language for faculty and PhD students in social sciences. The goal is to demonstrate how textual analysis can enhance research by automatically extracting new and previously unknown information from voluminous disclosures, news articles, and social media posts.

Focuses on accounting disclosure within a non-contractual setting in which Revelation Principle does not apply. The book examines a setting featuring a sender - a firm manager or a sell-side equity analyst - who has some information about a firm to communicate to a receiver - an investor - to help value the firm.