Accounting: Continuity and Transition

Posted: 30 Jul 2001

See all articles by Shyam Sunder

Shyam Sunder

Yale University - School of Management; Yale University - Cowles Foundation

Date Written: 2000

Abstract

This study considers accounting in the new information economy. The basic framework of accounting for firms reflects a set of contracts and it helps define, implement and enforce these contracts. This framework is stable, and unlikely to change soon. However, the new information technology has been transforming the markets in which firms operate, and opening up new markets. We use a taxonomy identified with Hatfield (1924) and based on markets for managerial talent, investment capital and products. It helps develop a perspective on the changes in organizations and accounting systems. Five aspects of accounting in the new economy are considered. Technology; Information and Efficiency; New Organization design for web commerce; New cost structures and management; and Experimentation with the market for standards.

JEL Classification: M41, G34

Suggested Citation

Sunder, Shyam, Accounting: Continuity and Transition (2000). Research in Accounting Regulation, Vol. 14, pp. 229-243, 2000. Available at SSRN: https://ssrn.com/abstract=272436

Shyam Sunder (Contact Author)

Yale University - School of Management ( email )

165 Whitney Avenue
P.O. Box 208200
New Haven, CT 06520-8200
United States
203-432-6160 (Phone)

HOME PAGE: http://www.som.yale.edu/faculty/sunder/

Yale University - Cowles Foundation

Box 208281
New Haven, CT 06520-8281
United States

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