On cost tradeoffs between conservative and market value accounting
We identify a cost tradeoff relevant to the comparison of alternative accounting regimes. We compare equilibrium deadweight losses, due to transacting and auditing, across the historical cost, lower-of-cost-or-market, and market value regimes. We provide conditions for each of the regimes to dominat...
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| Main Authors: | , , |
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
1997
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| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/1244 |
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| 機構: | Singapore Management University |
| 語言: | English |