23 Pages Posted: 7 Sep 2005
Audited financial statements along with supporting disclosures form the foundation of the firm-specific information set available to investors and regulators. In this paper, the authors discuss economics-based research focused on the properties of accounting systems and the surrounding institutional environment important to effective governance of firms. They provide a framework for understanding the operation of accounting information in an economy, discuss a broad range of important research findings, present a conceptual framework for characterizing and measuring corporate transparency at the country level, and isolate a number of future research possibilities.
Keywords: financial accounting, corporate governance, transparency
JEL Classification: D8, G3, M4
Suggested Citation: Suggested Citation
Bushman, Robert M. and Smith, Abbie J., Transparency, Financial Accounting Information, and Corporate Governance . Economic Policy Review, Vol. 9, No. 1, April 2003. Available at SSRN: https://ssrn.com/abstract=795547
By Gene Imhoff
By Ray Ball