AbstractThe controversy about the choice among accounting alternatives is often based on arguments suggesting heuristic behaviour by market participants and firm managers. Debates focus on whether accounting methodology systematically alters reported earnings and whether this effect may add or subtract economic value independently of any effect on underlying cash flows. Arguments based on heuristic behaviour of firms’ management and investors influence decisions about the applicability of standards and regulation.
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Bibliographic InfoPaper provided by Bank for International Settlements in its series BIS Working Papers with number 302.
Length: 31 pages
Date of creation: Mar 2010
Date of revision:
earnings reporting; heuristic behaviour; fair value; disclosure;
This paper has been announced in the following NEP Reports:
- NEP-ACC-2010-04-11 (Accounting & Auditing)
- NEP-ALL-2010-04-11 (All new papers)
- NEP-BEC-2010-04-11 (Business Economics)
- NEP-REG-2010-04-11 (Regulation)
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