Lobbying in Accounting Standards Setting

Afzal Ahmad

Authors

Afzal Ahmad

Keywords:

the determinants of lobbying and compares, the major determinants of lobbying in the field of accounting standards

Abstract

The paper explores the effects of lobbying on accounting standards. The study investigates the determinants of lobbying and compares the lobbying activity with application to the FASB Statement of Financial Accounting Standards No. 158 and the IASB Statement of Intent issued in 1990. The research concludes that the major determinants of lobbying in the field of accounting standards are the size of lobbying corporations and the perceived effects of the regulations on the economic well-being of the enterprises. The analysis of the specific cases indicates that both firm-level, industry-level and country-level factors contribute to lobbying decisions across firms.

Downloads

How to Cite

Lobbying in Accounting Standards Setting. (2015). Global Journal of Management and Business Research, 15(33), 33-36. https://journalofbusiness.org/index.php/GJMBR/article/view/

Download Citation

References

Edward Deakin (1989) Rational Economic Behavior and Lobbying on Accounting Issues: Evidence from the Oil and Gas Industry. 64(1), 137-151. https://doi.org/10.2308/tar-4486571

Ronald Dye, Shyam Sunder (2001) Why Not Allow FASB and IASB Standards to Compete in the U.S.?. 15(3), 257-271. https://doi.org/10.2308/acch.2001.15.3.257

Mohamed Elbannan, William McKinley (2006) A theory of the corporate decision to resist FASB standards: An organization theory perspective. 31(7), 601-622. https://doi.org/10.1016/j.aos.2005.12.002

E. Freeman, J. Harrison, A. Wicks (2010) Stakeholder Theory: The State of the Art.

Abraham Fried (2012) Disclosure versus recognition: Evidence from lobbying behavior in response to SFAS No. 158. 24(1), 25-32. https://doi.org/10.1016/j.racreg.2011.12.006

P. Garrido, A. Leon, A. Zorio (2002) Measurement of formal harmonization progress: The IASC experience. 37(1), 1-26. https://doi.org/10.1016/s0020-7063(02)00144-9

George Georgiou (2010) The IASB standard-setting process: Participation and perceptions of financial statement users. 42(2), 103-118. https://doi.org/10.1016/j.bar.2010.02.003

George Georgiou, Clare Roberts (2004) Corporate lobbying in the UK: an analysis of attitudes towards the ASB's 1995 deferred taxation proposals. 36(4), 441-453. https://doi.org/10.1016/j.bar.2004.06.006

Brandon Gipper, Brett Lombardi, Douglas Skinner (2013) The politics of accounting standard-setting: A review of empirical research. 38(3), 523-551. https://doi.org/10.1177/0312896213510713

Matthew Hill, G. Kelly, G. Lockhart, Robert Van Ness (2013) Determinants and Effects of Corporate Lobbying. 42(4), 931-957. https://doi.org/10.1111/fima.12032

A. Hodler, K. Karim, K. Lin, M. Woods (2013) A content analysis of the comment letters to the FASB and IASB: Accounting for contingencies. 29(1), 134-153. https://doi.org/10.1016/j.adiac.2013.03.005

S. Hoffman, H. Zulch (2014) Lobbying on accounting standard setting in the parliamentary environment of Germany. 25(8), 709-723.

R. Hoskisson, M. Hitt, D. Ireland, J. Harrison (2011) Competing for Advantage.

Robert Houmes, Robert Boylan, William Crosby (2012) On the value relevance of SFAS No. 158. 24(2), 112-114. https://doi.org/10.1016/j.racreg.2012.07.001

Derek Johnston, Denise Jones (2006) How does accounting fit into a firm's political strategy?. 25(2), 195-228. https://doi.org/10.1016/j.jaccpubpol.2006.01.005

Wei Koh (2011) What drives firms' decisions to lobby and determinants of their lobbying positions: Evidence from firms' comment letter submissions during FASB's stock option expensing proposal in 2004. 46(1), 1-24. https://doi.org/10.1016/j.intacc.2010.12.003

Robert Larson (1997) Corporate Lobbying of the International Accounting Standards Committee. 8(3), 175-203. https://doi.org/10.1111/1467-646x.00024

Robert Larson, Karen Brown (2001) Lobbying of the International Accounting Standards Committee: The Case of Construction Contracts. 14, 47-73. https://doi.org/10.1016/s0897-3660(01)14005-5

Ike Mathur, Manohar Singh, Fred Thompson, Ali Nejadmalayeri (2013) Corporate governance and lobbying strategies. 66(4), 547-553. https://doi.org/10.1016/j.jbusres.2012.01.003

C. Nobes, R. Parker (2008) Comparative International Accounting.

Geoffrey Whittington (2007) Profitability, Accounting Theory and Methodology. https://doi.org/10.4324/9780203968147