Excerpt from The Impact of Bonus Schemes on Accounting Choices I am especially indebted to Ross Watts for many useful discussions and for his insightful remarks on this paper. I also wish to thank the remaining members of my committee, Andrew Christie, Cliff Smith and Jerry Zimmerman, for their valuable comments. Additional helpful comments were also received from Rick Antle, George Benston, Linda and Harry DeAngelo, Bob Holthausen, Rick Lambert, David Larcker, Richard Leftwich, Tom Lys, Terry Marsh, Ram Ramakrishnan, Rene Stulz and Bill Schwert. I am grateful to George Goddu and Peat, Marwick, Mitchell and Company for kindly allowing me to use their library and financing my preliminary data collection, and to, Bob Holthausen and Richard Rikert for letting me use their data bases of changes in accounting procedure. Financial support for this dissertations was provided by the Ernst and Whinney Foundation and the American Accounting Association. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.