Stability and Regime Change: The Evolution of Accounting Standards
1402 Accounting
M41
K22
05 social sciences
2002 Economics and Econometrics
M48
330 Economics
political economy
dynamic voting
10004 Department of Business Administration
D72
accounting standards
2003 Finance
0502 economics and business
8. Economic growth
DOI:
10.2308/tar-2018-0244
Publication Date:
2022-07-08T16:11:27Z
AUTHORS (2)
ABSTRACT
ABSTRACT We examine the evolution of accounting regulation by linking disclosure policies and investments in a dynamic voting model. The are outcome entrepreneurs, whose preferences influenced their investments. turn endogenously determined current future policies. Absent external influences, regimes stable. A regime high (low) quality strong (weak) economy coexist reinforce each other. However, regulatory interventions can result changes changing entrepreneurs’ expectations, even without direct enforcement. Unexpected shocks could also impacting economic conditions hence voter composition. Our analysis provides framework to study interaction between firms’ decisions.
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