资源描述：
《会计政策选择的概念框架【外文翻译】》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、外文文献翻译原文：Aconceptualframeworkofaccountingpolicychoice1.IntroductionPositivetheoriesofaccountingchoicemakeseveralempiricalpredictionsregardingmanagerialbehaviourinthepresenceoffinancialincentivesandaccountingchange.Ausefulimplicationoftheworkinthisareaiswhetheraparticular
2、accountingmethod/rulehasrealeconomicconsequences,suchthatusersofaccountinginformation,whoareexposedtothenewaccountingrule,revaluethefirm’sstock.Theeconomicconsequencesofalternativeaccountingmethodshavebeentakentoincludenotonlytheimpactofaccountingchangeoncashflows,butals
3、otheimpactofaccountingchangeonpoliticalcosts,contractualarrangements,etc.(see,e.g.Ricks,1982).Muchoftheobservedempiricalregularitiesareconsistentwiththeory.Forexample,WattsandZimmerman(1978)makepredictionsregardingthelikelihoodthatafirmwillpresentitsfinancialreportsinama
4、nnerthatwillensurethattheagencycostsamongmanagers,shareholdersandbondholdersareminimised.Inthiscase,onecanpredicttheattitudeofmanagerstowardsanaccountingstandardthatislikelytoadverselyaffectafirm’sleverageanddebtcovenantarrangementswhenthefirmisalreadyhighlygeared.Thisst
5、udyputsforwardaconceptualframeworkthatincorporatessimilartheoreticalissues,butfocusesprimarilyontheeconomicandfinancialconstraintsimposedbySSAP20,whichisconcernedwiththeaccountingtreatmentofforeignexchange(FX)differencesforUKfirms.Theconceptualframeworkhastwoimportantadv
6、antages.Firstly,itputsforwardacomprehensiveframework,inwhichtheissuesthatarerelevantforaccountingchoiceareviewedonanoverallbasis.Thereishowevernoassumptionthatexistingtheoriesarecompleteorthatthevariablesusedtotestsuchtheoriesareadequate.Secondly,theframeworkattemptstoir
7、onoutsomeoftheconflictingevidencefoundintheliterature.Forexample,theorypredictsthatthehigherthefirm’sleverageis,themorelikelyitisthatmanagerswillchooseincome-increasingaccountingmethods,soastoreducetheriskofviolatingthedebtcovenants.However,managersarelikelytohavemoreinf
8、ormationaboutthefirmthanoutsiders,andthisinturncanaffecttheirchoiceofaccountingmethods(see,e.g.Holthaus
