“…For example, in the analytical agency tradition, Heinle and Hofmann (2011) conclude that stewardship and decision-usefulness are ''potentially conflicting objectives of financial accounting'' and suggest that ''abandoning stewardship as a separate objective of financial accounting and mandating further disclosure of soft information by standard setters and regulators can result in lower productivity and reduced firm value'' (p. 354). However, there is a surprising dearth of equivalent capital market research on the nature of, and the relationship between, stewardship and decision-usefulness.…”