The development of hospital financial accounting in the USA

Flesher, Dale L.; Pridgen, Annette

doi:10.1080/21552851.2015.1086558

Cited by 2 publications

(2 citation statements)

References 36 publications

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“…Defining income and profit is one of longest debating unsettled concepts in accounting [80,. 1 Probably positive accounting research that Watts and Zimmerman promoted is the most criticized methodology in the accounting literature . This does not disqualify Professor Watts from being admired for promoting what he believes [73].…”

Section: What Is Corporation?mentioning

confidence: 99%

“…Corporate failures trigger corporate regulations. The scandal of the Kreuger Corporation in the 1930s that the US capital market experienced during the Great Recession, though contributed to the US financial reporting [1], has not stopped corporate failures and scandals. By providing information about the corporation before the public offering, the Securities Act issued in 1933 safeguarded the US capital market from applying Ivar Kreuger's strategy.…”

Section: Introductionmentioning

confidence: 99%

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Perspective Chapter: Governing Corporations in Appearance but Not in Fact – A Possible Unintended Consequence of the Corporate Governance Movement

Al-Adeem

2024

Corporate Governance - Evolving Practices and Emerging Challenges [Working Title]

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Corporate failures trigger corporate regulations. The corporation is a fiction that is theorized as a nexus of contracts. Mechanisms for monitoring corporations, namely the external audit function and corporate governance, have been promoted and propagated. Whether corporations are governable is a question. An argument made in the accounting literature is that the audit function has been successful because of the ability of external auditors to appear independent when they might not be. The board of directors of such corporations may appear governing executive managers while they are in fact not or cannot. With the ideology of “profit over people,” multinational companies run the world with CEOs who are the most powerful individuals in the corporate model. Without corporate financers’ active involvement, corporations are unleashed. Corporate financers need to be aware of their power and be able to hold executive management accountable to make their corporations good citizens of the globe. Corporate monitoring mechanisms do not make up for their absence in the corporate model, which makes the view that corporations are founded to maximize the value of absentees naïve. A long history of corporate failures has proven its fallacy.

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Section: What Is Corporation?mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%