The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
What has the invisible hand achieved?
Open accessAbstract
This paper was commissioned for the Institute of Chartered Accountants in England and Wales Information for Better Capital Markets Conference held on 19-20 December 2005. It evaluates the effect of the market on financial reporting recognising that financial reporting and accounting are only parts of a general reporting. financing and governance equilibrium. That equilibrium is affected by the political process, as well as by capital and other markets. 1 explain how and why both market and political forces have influenced accounting and financial reporting and provide examples of those influences. Further. I draw implications for accounting standard-setting bodies that desire to change the nature of accounting and financial outcomes. Finally. I predict the effects of the radical standard-setting changes proposed by the FASB and IASB.
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Citations
Cites
Towards a Positive Theory of the Determination of Accounting Standards.
Watts, R. L., & Zimmerman, J. L. (1978) · The Accounting Review · doi:10.2308/tar-4500569 · Cited by 2,667 · cited 1×
“The political process and regulation The political process has significant influence on accounting standards at least in the US (Watts, 1977; Watts and Zimmerman, 1978; Ramanna, 2005) and likely in the UK as well.”
BackgroundSelf-citation
Cited by
Accounting conservatism and board of director characteristics: An empirical analysis
Ahmed, A. S., & Duellman, S. (2007) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2007.01.005 · Cited by 868
Evidence on the use of unverifiable estimates in required goodwill impairment
Ramanna, K., & Watts, R. L. (2012) · Review of Accounting Studies · doi:10.1007/s11142-012-9188-5 · Cited by 599
Self-citation
Metadata
- Authors
- Watts, R. L.
- Venue
- Accounting and Business Research
- Publisher
- Informa UK Limited
- Published
- 2006-12
- Volume
- 36
- Issue
- sup1
- Pages
- 51-61
- ISSN
- 0001-4788 (ISSN-L)
- 2159-4260
- OpenAlex
- W3122124913
- Cited by
- 184
- References
- 1
- FWCI
- 28.29
- Type
- journal article
- Language
- en
- Open access
- green
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- Watts, R. L. (2006). What has the invisible hand achieved? Accounting and Business Research. https://doi.org/10.1080/00014788.2006.9730046
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
