Discourses surrounding the evolution of the IASB/FASB Conceptual Framework: What they reveal about the “living law” of accounting

Murphy, Tim; O'Connell, Vincent; hÓgartaigh, Ciarán Ó

doi:10.1016/j.aos.2012.07.003

Cited by 67 publications

(109 citation statements)

References 86 publications

(89 reference statements)

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“…Despite the prevalence of neo-liberal paradigms at the heart of contemporary financial reporting, accountability and stewardship remain relevant considerations for users of financial statements, including current investors and creditors (Whittington, 2008;Murphy, O'Connell & Ó hÓgartaigh, 2013;Zhang & Andrew, 2013). In theory, high-quality financial reporting provides information which is useful to the users of financial statements in making assessments about the amount, timing and certainty of the reporting entity's future cash flows (IASB, 2010).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Value relevance and corporate responsibility reporting in the South African context : an alternate view post king-III

Marcia

Maroun

Callaghan

2015

S. Afr. j. econ. manag. sci. (Online)

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This study tests for the value relevance of corporate responsibility reporting (CRR) based on a sample of companies listed on the Johannesburg Stock Exchange (JSE). It also provides evidence of the statistical significance of the potential contribution of CRR to share price values in the South African context at a particular point. On the basis of a sample of 82 companies on the JSE, hierarchical regression analysis was used to test the contribution of levels of corporate social responsibility disclosures to company share prices, over and above the contribution of the size of a firm's equity and net income.In contrast with other findings which predict a positive relationship between company share price and levels of corporate social responsibility disclosures, the latter are found to have no significant association with company share price over and above the associations of the size of a firm's equity and net income. Bivariate associations, however, indicate a significant association between share price and levels of corporate social responsibility disclosures. On the basis of these findings, it is argued that disclosures increase for firms with larger endowments of equity, yet corporate social responsibility disclosures do not necessarily add value to company share price.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Value relevance and corporate responsibility reporting in the South African context : an alternate view post king-III

Marcia

Maroun

Callaghan

2015

S. Afr. j. econ. manag. sci. (Online)

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“…Even though there was broad support for the conceptual framework project and the project objectives, there were still respondents who commented particularly on how the board articulated the objective of financial reporting. Concern regarding the failure to explicitly recognize stewardship as an objective again surfaced, even though some aspects of the discussion paper comments were incorporated in the exposure draft (Murphy et al, 2013). Although stewardship was mentioned in the exposure draft, it was "subsumed by the financial reporting goal of providing decision-useful information" (O'Connell, 2007, p. 216) and therefore the "needs of stewardship are assumed to be met within the decisionusefulness objective" (Whittington, 2008b, p. 498-499).…”

Section: Issues Of Concernmentioning

confidence: 98%

“…The proposed demotion of stewardship attracted deep resilient feedback from all those who had an interest in the CF, such as accounting academics and practitioners (Murphy et al, 2013). When the IASB/FASB issued the 2006 discussion paper, many of the responses focused on the stewardship question.…”

Section: Issues Of Concernmentioning

confidence: 99%

Commentary on phase A of the revised conceptual framework: Implications for global financial reporting

Mala

Chand

2015

Advances in Accounting

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“…Murphy et al (2013) focus on the importance of the social role of accounting in spite of the formal pronouncements of standard setters. The manager has been and continues to be integrated into the living law of accounting despite official pronouncements of standardization.…”

Section: Introductionmentioning

confidence: 99%

Research and development accounting treatment: effects of CEO characteristics and corporate governance mechanisms

Damak¹

2017

IJAES

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This study aims to examine empirically the influence of Chief Executive Officer (CEO) characteristics and corporate governance mechanisms on Research and Development (R&D) capitalization in France. Using data drawn from a sample of non-financial firms listed in SBF 120, this study provides empirical evidence for the influence of CEO characteristics and audit quality on R&D capitalization. As results, we find that R&D capitalization is likely to be increased in firms managed by younger managers, CEOs with higher ownership, shorter tenure and higher educational level. Also, R&D capitalization is likely to be increased in firms with lower audit quality, in higher leveraged firms, in less performed and larger firms. This study offers insights to investors and accounting standard setters interested about the subject of R&D capitalization determinants. Importantly, it confirms that some CEO characteristics and corporate governance mechanisms are likely to affect the CEO's behavior regarding the R&D accounting treatment.

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Discourses surrounding the evolution of the IASB/FASB Conceptual Framework: What they reveal about the “living law” of accounting

Cited by 67 publications

References 86 publications

Value relevance and corporate responsibility reporting in the South African context : an alternate view post king-III

Value relevance and corporate responsibility reporting in the South African context : an alternate view post king-III

Commentary on phase A of the revised conceptual framework: Implications for global financial reporting

Research and development accounting treatment: effects of CEO characteristics and corporate governance mechanisms

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