财务报告和披露规则的经济后果：回顾和对未来研究的建议【外文翻译】

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1、本科毕业论文（设计）外文翻译题目论财务报表列报的改革专业会计学外文题目EconomicConsequencesofFinancialReportingandDisclosureRegulation:AReviewandSuggestionforFutureResearch外文出处SOCAILSCIENCERESEARCHNETWORK外文作者ChristianLeuzPeterD.Wysocki原文：EconomicConsequencesofFinancialReportingandDisclosureRegulation:AReviewandSuggestionsforFutureR

2、esearch*AbstractThispapersurveysthetheoreticalandempiricalliteratureontheeconomicconsequencesoffinancialreportinganddisclosureregulation.Weintegratetheoreticalandempiricalstudiesfromaccounting,economics,financeandlawinordertocontributetothecross-fertilizationofthesefields.Weprovideanorganizingfra

3、meworkthatidentifiesfirm-specific(micro-level)andmarket-wide(macro-level)costsandbenefitsoffirms‟reportinganddisclosureactivitiesandthenusethisframeworktodiscusspotentialcostsandbenefitsofregulatingtheseactivitiesandtoorganizethekeyinsightsfromtheliterature.Oursurveyhighlightsimportantunansweredq

4、uestionsandconcludeswithnumeroussuggestionsforfutureresearch.Threerecenttrendshavespurredthedebateaboutfinancialreportinganddisclosureregulationsaroundtheworld.First,internationalfinancialcrisesandcorporatescandalsoftenbringaboutsecuritiesregulationreformsandgreaterreportinganddisclosurerequireme

5、nts.TheAsianFinancialCrisisof1997,theEnrondebacleintheU.S.,andtherecentcreditmarketcrisisarebutafewimportantexamples.Intheaftermathoftheseevents,regulatorsandpolicymakershavecalledforimprovedcorporatetransparency,increasedscrutinyandoftenenactedsignificantchangestoaccountinganddisclosurerequireme

6、ntsandregulations.Second,stockexchangesandaccountingstandardsbodiesfromnumerouscountriesaroundtheworldhaveadoptedInternationalFinancialReportingStandards(IFRS)toachievethestatedgoalof“harmonization”and“convergence”ofaccountingrules.Third,boththedebateaboutthecompetitivenessofU.S.capitalmarketsand

7、theincreasinginternationalizationofcapitalmarketshighlightsecuritiesregulationasaglobalissue.1Despitetheimportanceofcorporatetransparencyasarecurringpolicyissue,thereis(i)limitedresearchonthecostsandbenefitsoffinancial