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