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Accounting: Continuity and Transition


  • Shyam NMI Sunder

    () (School of Management)


This study considers accounting in the new information economy. The basic framework of accounting for firms reflects a set of contracts and it helps define, implement and enforce these contracts. This framework is stable, and unlikely to change soon. However, the new information technology has been transforming the markets in which firms operate, and opening up new markets. We use a taxonomy identified with Hatfield (1924) and based on markets for managerial talent, investment capital and products. It helps develop a perspective on the changes in organizations and accounting systems. Five aspects of accounting in the new economy are considered. Technology; Information and Efficiency; New Organization design for web commerce; New cost structures and management; and Experimentation with the market for standards.

Suggested Citation

  • Shyam NMI Sunder, 2001. "Accounting: Continuity and Transition," Yale School of Management Working Papers ysm196, Yale School of Management.
  • Handle: RePEc:ysm:somwrk:ysm196

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    Cited by:

    1. Shyam Sunder, 2002. "Extensive Income and Value of the Firm: Who Gets What?," Yale School of Management Working Papers amz2607, Yale School of Management, revised 01 Jun 2009.
    2. Shyam Sunder, 2003. "Accounting: Labor, Capital and Product Markets," Yale School of Management Working Papers ysm368, Yale School of Management.

    More about this item

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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