Is neuroaccounting waiting in the wings? An essay

Birnberg, Jacob G.; Ganguly, Ananda R.

doi:10.1016/j.aos.2011.11.004

Cited by 56 publications

(28 citation statements)

References 56 publications

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“…The accomplished neurophilosopher Churchland (2011) encapsulates this idea in her suggestion that what we commonly refer to as ''morality'' actually originates in the brain. Neurologyand neuroaccounting in particular-offer interesting avenues for research on a range of accounting questions (Birnberg & Ganguly, 2012;Dickhaut, Basu, McCabe, & Waymire, 2010), and one of the earliest insights to emerge is Dickhaut and McCabe's (1997) experimental evidence which suggests ''that the simple act of recording a steward's exchanges creates accountability by causing him/ her to modify his/her behavior in light of this accounting'' (p. 61); such behavioral modifications, according to Dickhaut and McCabe, ''systematically occur in the absence of enforceable contracts defined on output and can occur in the absence of repeat interactions' ' (1997, p. 60). Darwall (2006) offers an alternative-albeit complementary-philosophical perspective by arguing that notions of morality and accountability can best be understood by conceptualizing moral obligations from a ''second person'' perspective.…”

Section: Stewardship/accountability and The Living Law Of Accountingmentioning

confidence: 99%

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

Murphy

O'Connell

hÓgartaigh

2013

Accounting, Organizations and Society

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Section: Stewardship/accountability and The Living Law Of Accountingmentioning

confidence: 99%

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

Murphy

O'Connell

hÓgartaigh

2013

Accounting, Organizations and Society

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“…Within this standpoint, a theoretical scientific framework was born, outlined as Behavioral Economics, which, briefly put, aims to incorporate psychological aspects into the economic and financial decision‐making processes, concatenating as well forecast models that would incorporate the subjectivity evidenced by individuals in real contexts. With such, the research conducted in Behavioral Economics aims to study how individuals make decisions and the way they interact or influence other individuals, organizations, markets, and society (Birnberg and Ganguly, ).…”

Section: Introductionmentioning

confidence: 99%

“…aims to study how individuals make decisions and the way they interact or influence other individuals, organizations, markets, and society (Birnberg and Ganguly, 2012).…”

mentioning

confidence: 99%

Behavioral Economics and Behavioral Finance: A Bibliometric Analysis of the Scientific Fields

Costa

Carvalho

Moreira

2018

Journal of Economic Surveys

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The aim of the study is to conduct a bibliometric analysis of the scientific field of Behavioral Economics and Behavioral Finance. The research was conducted using the Web of Science database, which returned 2617 articles, revealing that the amount of research within these fields has grown over time. Furthermore, the results also prove the relevance of the works of Daniel Kahneman and Amos Tversky for the field of Behavioral Economics and Finance, and Steven Hursh to Behavioral Economics. It is still possible to note that the field of Behavioral Economics encompasses subjects that connect human behavior with demand, consumption and price, with investments and with managerial decisions, as well as with the role played by heuristics and cognitive biases in decision‐making processes. In turn, the field of Behavioral Finance is more focused on the study of errors of judgment and of decision‐making characteristics in financial investments. Additionally, it is inferred that the field of Behavioral Economics is more wide‐ranging than the field of Behavioral Finance, as the latter is a byproduct of Behavioral Economics. Finally, a conclusion is then reached, demonstrating that the fields of Behavioral Economics and Finance have turned into an important field of study.

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“…2 Third, we are among the first studies in accounting to use fMRI technology. Barton, Berns, and Brooks (2014) conduct a contemporaneous fMRI study in financial accounting, while Dickhaut, Basu, McCabe, and Waymire (2010) and Birnberg and Ganguly (2012) discuss how neuroscience can contribute to accounting research. We use an fMRI task that includes a richer ecological context than found in many related neuroscience studies.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Performance-Based Incentive Contracts on System 1 and System 2 Processing in Affective Decision Contexts: fMRI and Behavioral Evidence

Farrell

Goh

White

2014

The Accounting Review

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Managers may rely on emotional reactions to a setting to the detriment of economic considerations (“System 1 processing”), resulting in decisions that are costly for firms. While economic theory prescribes performance-based incentives to align goals and induce effort, psychology theory suggests that the salience of emotions is difficult to overcome without also inducing more deliberate consideration of both emotional and economic factors (“System 2 processing”). We link these perspectives by investigating whether performance-based incentives mitigate the costly influence of emotion by inducing more System 2 processing. Using functional magnetic resonance imaging and traditional experiments, we investigate managers' brain activity and choices under fixed wage and performance-based contracts. Under both, brain regions associated with System 1 processing are more active when emotion is present. Relative to fixed wage contracts, performance-based contracts induce System 2 processing in emotional contexts beyond that observed absent emotion, and decrease the proportion of economically costly choices. Data Availability: Contact the authors.

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Is neuroaccounting waiting in the wings? An essay

Cited by 56 publications

References 56 publications

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

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

Behavioral Economics and Behavioral Finance: A Bibliometric Analysis of the Scientific Fields

The Effect of Performance-Based Incentive Contracts on System 1 and System 2 Processing in Affective Decision Contexts: fMRI and Behavioral Evidence

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