The Effect Of Accounting On Economic Behavior
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| Author | : Rob Ranyard |
| Publisher | : John Wiley & Sons |
| Total Pages | : 651 |
| Release | : 2017-06-22 |
| Genre | : Business & Economics |
| ISBN | : 1118926390 |
A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy. The editor Robert Ranyard—a noted expert on economic psychology—presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource: Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon Includes information on societal issues such as charitable giving and pro-environmental behaviour Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.
| Author | : Raymond J. Chambers |
| Publisher | : Sydney University Press |
| Total Pages | : 464 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 1920898298 |
During the 1960s and 1970s a remarkable series of books was produced by academic staff in the field of accounting at the University of Sydney. It was a period when academic research was largely analytical rather than empirically-based. For the most part, the interests of academics at Sydney were largely directed at questioning the status quo - either in the way accounting or auditing was practiced, or in the conventional wisdom expressed in textbooks of the time. The Sydney Accounting Classics series reflects the diversity of interests of the 'Sydney school' at that time. It also recognises the tremendous impact of the foundation professor of accounting, R.J. Chambers. This reprint series ensures that the ideas developed during this period remain available to new generations of scholars and researchers. The Sydney Accounting Classics series is an initiative of the Accounting Foundation, in association with Sydney University Press. Accounting Evaluation and Economic Behavior: This book has been referred to as Chambers' magnum opus, a meticulously researched and argued work describing a framework for accounting practice. This reprint edition opens the way for a new generation of researchers and scholars to read Chambers' work.
| Author | : Mary Ellen Carter |
| Publisher | : |
| Total Pages | : |
| Release | : 2001 |
| Genre | : |
| ISBN | : |
We examine stock option repricing activity that coincided with the December 4, 1998 FASB announcement regarding accounting for repriced employee stock options. The accounting treatment requires recognition of compensation expense in future periods if there is an increase in stock price after repricing. We find that repricing firms experience significant negative cumulative abnormal returns surrounding the December 4, 1998 FASB announcement date. We document a significant increase in repricing activity in the 12-day window between the announcement date and the proposed effective date, during which firms could reprice without taking a charge to earnings, and a significant decrease in repricing activity after the proposed effective date. This evidence suggests that the FASB announcement of the new accounting altered firms' economic decisions. In examining firms' decisions to reprice in the 12-day window to avoid the accounting charge, we find that positive earnings firms, growth firms, firms experiencing increasing earnings patterns, and firms with the greater potential effect on earnings are more likely than other firms to reprice in this window. In addition, we find that firms' prior repricing behavior affects their decision to reprice in this window, suggesting that there are implicit costs associated with repricing. The evidence is consistent with firms' trading off valuation implications of repricing to avoid an earnings charge against these implicit costs associated with repricing in the window.
| Author | : Kunio Ito |
| Publisher | : Springer |
| Total Pages | : 337 |
| Release | : 2014-07-08 |
| Genre | : Business & Economics |
| ISBN | : 4431547924 |
Despite the globalization of accounting standards occurring through convergence to International Financial Reporting Standards, local accounting systems are deeply intertwined with each country’s unique institutions such as its corporate system, disclosure practices and enforcement mechanisms. First, this book empirically analyzes the effects of globalization and localization of accounting rules on corporate behavior such as earnings management, signaling, investment behavior and dividend payout policy. Second, the book unravels the economic consequences of disclosure based on the concept of self-disciplining enforcement such as management forecasts, environmental disclosures and risk disclosures by Japanese firms. This volume is a step forward in understanding the link between accounting and corporate behavior based on a new institutional accounting approach.
| Author | : Robert Breitkreuz |
| Publisher | : GRIN Verlag |
| Total Pages | : 61 |
| Release | : 2009-06-30 |
| Genre | : Business & Economics |
| ISBN | : 3640360656 |
Scientific Essay from the year 2008 in the subject Business economics - Investment and Finance, University of St. Gallen (Institut für Accounting, Controlling und Auditing), language: English, abstract: An economic theory which is not incorporating human behavior is not imaginable. For reasons of simplification economic models traditionally use the concept of a rational acting market participant. In order to face the inadequateness of this abstraction behavioral economic science reject the assumption of the homo economicus and adds various findings from supporting disciplines as psychology, sociology, and organizational theory. While the exploration of human behavior in finance theory has a long tradition, research in the area of psychological effects in accounting started not earlier than the mid of last century. The main intention of modern financial reporting is the supply of useful information for actual and potential investors within their decision-making process. As information processing of agents on the market for equity is part of finance theory, this is the meeting point of the two disciplines. The intention of this paper is to identify overlapping contents of behavioral research in finance and accounting. For clarification selected studies from Behavioral Finance Research (BFR) and Behavioral Accounting Research (BAR) literature will be presented and comparatively analyzed. In addition varying fields of research of both schools which are not related with each other were outlined.
| Author | : Khondkar E. Karim |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 200 |
| Release | : 2021-01-20 |
| Genre | : Business & Economics |
| ISBN | : 1800710127 |
Advances in Accounting Behavioral Research promotes research across all areas of accounting, incorporating theory from, and contributing knowledge to, the fields of applied psychology, sociology, management science, ethics and economics.
| Author | : Simon Grima |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 314 |
| Release | : 2019-07-04 |
| Genre | : Business & Economics |
| ISBN | : 1787698815 |
This special edition of Contemporary Studies in Economic and Financial Analysis offers seventeen chapters from invited participants in the International Applied Social Science Congress, held in Turkey between the 19th and 21st April 2018.
| Author | : Robert J. Shiller |
| Publisher | : Princeton University Press |
| Total Pages | : 408 |
| Release | : 2020-09-01 |
| Genre | : Business & Economics |
| ISBN | : 0691212074 |
From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.
| Author | : Kenneth R. Ferris |
| Publisher | : |
| Total Pages | : 388 |
| Release | : 1988 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Richard H. Thaler |
| Publisher | : W. W. Norton & Company |
| Total Pages | : 502 |
| Release | : 2015-05-11 |
| Genre | : Business & Economics |
| ISBN | : 0393246779 |
Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber. Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining. Shortlisted for the Financial Times & McKinsey Business Book of the Year Award
