Weitere Artikel dieser Ausgabe durch Wischen aufrufen
The online version of this article (https://doi.org/10.1007/s11142-018-9478-7) contains supplementary material, which is available to authorized users.
I compare voting positions taken by Financial Accounting Standards Board (FASB) members on standards to positions taken by constituent sponsors in comment letters both before and after the emergence of the FASB’s conceptual framework. I find that, relative to the Pre-CF regime (1973–1986), FASB members in the CF regime (1987–2007) take positions that are (i) less like their constituent sponsors and (ii) more like one another. Both shifts are associated with standards increasing accounting relevance; in the CF regime, such standards are likely a product of the framework’s broad focus on decision usefulness. From 1996 to 2007, all but one dissenting vote on fair value standards explicitly argues for an even greater use of fair values, while none argue for less use. To the extent standard-setters’ idiosyncratic ideologies influence their voting positions, the evidence is consistent with a decline in the level of ideological diversity among FASB members.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
AAA. (1971). The role of the American Accounting Association in the development of accounting principles. The Accounting Review, 46(3), 609–616.
Agrawal, S. P. (1987). On the conceptual framework of accounting. Journal of Accounting Literature, 6, 165–178.
AICPA. (1972). Establishing financial accounting standards: Report of the study on establishment of accounting principles. New York: American Institute of Certified Public Accountants, Inc..
AICPA. (1973). Objectives of financial statements: Report of the study group on the objectives of financial statements. New York: American Institute of Certified Public Accountants, Inc..
Allen, A., & Ramanna, K. (2013). Towards an understanding of the role of standard setters in standard setting. Journal of Accounting and Economics, 55(1), 66–90. CrossRef
Ansolabehere, S., Snyder, J. M., & Tripathi, M. (2002). Are PAC contributions and lobbying linked? New evidence from the 1995 lobby disclosure act. Business and Politics, 4(2), 131–155. CrossRef
APB. (1970). Statement of the accounting principles board: Basic concepts and accounting principles underlying financial statements of business enterprises. New York: The American Institute of Certified Public Accountants, Inc..
Baxter, W. T. (1962). Recommendations on accounting theory. In W. T. Baxter & S. Davidson (Eds.), Studies in accounting theory. Homewood: Richard D. Irwin, Inc.
Baxter, W. T. (1981). Accounting standards—Boon or curse? Accounting and Business Research, 12(45), 3–10. CrossRef
Becker, G. S. (1983). A theory of competition among pressure groups for political influence. The Quarterly Journal of Economics, 98(3), 371–400. CrossRef
Brown, L. D., & Feroz, E. H. (1992). Does the FASB listen to corporations? Journal of Business Finance & Accounting, 19(5), 715–731. CrossRef
Buckmaster, D., Saniga, E., & Tadesse, S. (1994). Measuring the lobbying influence using the Financial Accounting Standards Board public record. Journal of Economic and Social Measurement, 20(4), 331–356.
Chatov, R. (1975). Corporate financial reporting: Public or private control? New York: The Free Press.
Dopuch, N., & Sunder, S. (1980). FASB's statements on objectives and elements of financial accounting: a review. The Accounting Review, 55(1), 1–21.
Epstein, L., & Knight, J. (1998). The choices justices make. Washington, DC: Congressional Quarterly Press.
FAF. (2008). The financial accounting foundation board of trustees approves changes to oversight, structure and operations of FAF, FASB and GASB http://www.fasb.org/faf/nr022608.pdf. Last accessed 3/19/2015.
FASB. (1973). Seven projects underway as board tackles first technical agenda. The FASB Report.
FASB. (1976). Scope and implications of the conceptual framework project. Stamford: FASB.
FASB. (1981). Statement of financial accounting standards no. 48: Revenue recognition when right of return exists. Norwalk: FASB.
FASB. (1984). Statement of financial accounting concepts no. 5: Recognition and measurement in financial statements of business enterprises. Norwalk: FASB.
FASB. (2008). EXPOSURE DRAFT conceptual framework for financial reporting: The objective of financial reporting and qualitative characteristics and constraints of decision-useful financial reporting information. Norwalk: FASB.
Gellein, O. S. (1986). Financial reporting: the state of standard setting. Advances in Accounting, 3, 3–23.
Georgiou, G. (2004). Corporate lobbying on accounting standards: methods, timing and perceived effectiveness. Abacus, 40(2), 219–237. CrossRef
Gerboth, D. L. (1987). The conceptual framework: not definitions, but professional values. Accounting Horizons, 1(3), 1–8.
Gipper, B., Lombardi, B. J., & Skinner, D. J. (2013). The politics of accounting standard-setting: a review of empirical research. Australian Journal of Management, 38(3), 523–551. CrossRef
Gore, P. (1992). The FASB conceptual framework project 1973–1985: An analysis. Manchester: Manchester University Press.
Hansen, T. B. (2011). Lobbying of the IASB: an empirical investigation. Journal of International Accounting Research, 10(2), 57–75. CrossRef
Hathaway, O. A. (2001). Path dependence in the law: the course and pattern of legal change in a common law system. The Iowa Law Review, 86(2), 101–165.
Healy, P. M., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting Horizons, 13(4), 365–383. CrossRef
Hepp, G. W., & McRae, T. W. (1982). Accounting standards overload: relief is needed. Journal of Accountancy, 153(5), 52–62.
Honderich, T. (2005). The Oxford companion to philosophy. Second edition. Oxford: OUP Oxford.
Horngren, C. T. (1973). The marketing of accounting standards. Journal of Accountancy, 136, 61–66.
Janis, I. L. (1982). Groupthink: Psychological studies of policy decisions and fiascoes. Second edition. Boston: Houghton Mifflin.
Jiang, J. X., Wang, I. Y., Wangerin, D. (2018). How does the FASB make decisions? A descriptive study of agenda-setting and the role of individual board members. Accounting, Organizations and Society. Forthcoming.
Johnson, L. T. (2004). Understanding the conceptual framework. The FASB Report, December 28, 2004.
Johnson, L. T. (2005). Relevance and reliability. The FASB Report.
Kothari, S. P., Ramanna, K., & Skinner, D. J. (2010). Implications for GAAP from an analysis of positive research in accounting. Journal of Accounting and Economics, 50(2–3), 246–286. CrossRef
Martin, A. D., & Quinn, K. M. (2002). Dynamic ideal point estimation via Markov chain Monte Carlo for the U.S. Supreme Court, 1953–1999. Political Analysis, 10(2), 134–153. CrossRef
McKenna, T. L. (2003). Improving the effectiveness of the FASB’s process. The FASB Report.
McLeay, S., Ordelheide, D., & Young, S. (2000). Constituent lobbying and its impact on the development of financial reporting regulations: evidence from Germany. Accounting, Organizations and Society, 25(1), 79–98. CrossRef
Miller, P. B. W. (2002). Viewing the 1996 FAF restructuring as policy making without a formal due process. Accounting Horizons, 16(3), 199–214. CrossRef
Miller, P. B. W., Redding, R. J., & Bahnson, P. R. (1994). The FASB: The people, the process, and the politics. Third ed. Burr Ridge: Irwin.
Moody, S. M., & Flesher, D. L. (1986). Analysis of FASB voting patterns: statement Nos. 1–86. Journal of Accounting, Auditing & Finance, 1(4), 319–330. CrossRef
Moonitz, M. (1974). Studies in accounting research #8: Obtaining agreement on standards in the accounting profession. Sarasota: American Accounting Association.
Newman, D. P. (1981a). Coalition formation in the APB and the FASB: some evidence on the size principle. The Accounting Review, 56(4), 897–909.
Newman, D. P. (1981b). An investigation of the distribution of power in the APB and FASB. Journal of Accounting Research, 19(1), 247–262. CrossRef
North, D. C. (1990). Institutions, institutional change and economic performance. New York: Cambridge University Press. CrossRef
Page, S. E. (2006). Path dependence. Quarterly Journal of Political Science, 1(1), 87–115. CrossRef
Puro, M. (1984). Audit firm lobbying before the Financial Accounting Standards Board: an empirical study. Journal of Accounting Research, 22(2), 624–646. CrossRef
Ramanna, K. (2008). The implications of unverifiable fair-value accounting: evidence from the political economy of goodwill accounting. Journal of Accounting and Economics, 45(2–3), 253–281. CrossRef
Ramanna, K. (2013). Why “fair value” is the rule: how a controversial accounting approach gained support. Harvard Business Review, 91(3), 99–101.
Ramanna, K. (2015). Political standards: Corporate interest, ideology, and leadership in the shaping of accounting rules for the market economy. Chicago: The University of Chicago Press. CrossRef
Rohde, D. W. (1972). Policy goals and opinion coalitions in the supreme court. In R. G. Niemi & H. F. Weisberg (Eds.), Probability models of collective decision making. Columbus: Charles E. Merrill Publishing Company.
Segal, J. A., & Cover, A. D. (1989). Ideological values and the votes of U.S. Supreme Court justices. American Political Science Review, 83(2), 557–565. CrossRef
Segal, J. A., & Spaeth, H. J. (2002). The supreme court and the attitudinal model revisited. Cambridge: Cambridge University Press. CrossRef
Selto, F. H., & Grove, H. D. (1983). The predictive power of voting power indices: FASB voting on statements of financial accounting standards Nos. 45-69. Journal of Accounting Research, 21(2), 619–622. CrossRef
Solomons, D. (1986). The FASB’S conceptual framework: an evaluation. Journal of Accountancy, 161(6), 114–124.
Storey, R. K., & Storey, S. (1998). The framework of financial accounting concepts and standards. Norwalk: Financial Accounting Standards Board.
Sunder, S. (2010). Adverse effects of uniform written reporting standards on accounting practice, education, and research. Journal of Accounting and Public Policy, 29(2), 99–114. CrossRef
Van Riper, R. (1987). How accounting standards are set. Journal of Accountancy, 163(April 1987), 130–136.
Young, J. J. (2006). Making up users. Accounting, Organizations and Society, 31(6), 579–600. CrossRef
Zeff, S. A. (1971). Forging accounting principles in five countries: A history and analysis of trends. Champaign: Stipes Publishing Company.
Zeff, S. A. (1978). The rise of “economic consequences”. Journal of Accountancy, 146(6), 56–63.
Zeff, S. A. (1999). The evolution of the conceptual framework for business enterprises in the United States. The Accounting Historians Journal, 26(2), 89–131. CrossRef
Zeff, S. A. (2003). How the U.S. accounting profession got where it is today: part II. Accounting Horizons, 17(4), 267–281. CrossRef
microm, Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Avaloq/© Avaloq Evolution AG, Avaloq/© Avaloq