Financial Accounting and Corporate Governance: A Discussion
Posted: 23 Oct 2001
Bushman and Smith (2000) provide a useful review of research on the role of accounting in management compensation contracts and an appealing future research agenda that builds on recent research using a cross-country approach. This paper rounds out their discussion by highlighting some limitations of their research agenda, providing a critical review of the contributions of accounting scholars to governance research and highlighting research opportunities on the role of financial accounting in governance mechanisms other than managerial incentive contracts.
Keywords: Corporate governance; Accounting; Contracting
JEL Classification: M41, G14, G34, J33
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