Monopoly versus Competition in Setting Accounting Standards.
Financial accounting standards are set by organizations granted a significant degree of monopoly power by various governments.While there has been considerable debate on the merits of national (e.g., US Financial Accounting Standards Board (FASB)) versus international (International Accounting Stand...
| Publicado en: | Abacus Vol. 50; no. 4; pp. 369 - 386 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Dec2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=103449452&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 103449452 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00013072 AUB jtl: Abacus issn: 00013072 maglogo: Y pubinfo: dt: Dec2014 vid: 50 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 103449452 10.1111/abac.12034 ppf: 369 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 386KB tig: atl: Monopoly versus Competition in Setting Accounting Standards. aug: au: Jamal, Karim Sunder, Shyam affil: University of Alberta Yale University su: Accounting standards Accounting methods Accounting Monopolies Telephone systems sug: subj: Accounting standards Accounting methods Accounting Monopolies Telephone systems keyword: Coordination Google Talk IETF ITU ‐ T ITU-T Network externalities P2P networks Quality Quality;Technology;Telephony Skype Technology Telephony ab: Financial accounting standards are set by organizations granted a significant degree of monopoly power by various governments.While there has been considerable debate on the merits of national (e.g., US Financial Accounting Standards Board (FASB)) versus international (International Accounting Standards Board (IASB)) monopolies, little attention has been paid to the merits of using competing standard-setting organizations (SSOs) for setting accounting standards.We compare the standard-setting processes of the FASB/IASB to the processes of four technology-oriented SSOs to assess the role of competition. We also provide a case study of monopoly and competitive standards in telephony. Both telephony and accounting yield some gains from coordination, and similar arguments are used (under the labels of comparability and consistency of accounting) in debates about granting a monopoly to their respective SSOs. Our results show that a group of volunteers competing with the government-sanctioned monopoly of International Telecommunications Union transformed the telephone industry. Thanks to this standards competition, we enjoy free video internet calling and massive cost savings. Implications for accounting standard setting are discussed. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Abacus is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Abacus holder: Wiley-Blackwell dt: @attributes: year: 2014 holdings: @attributes: islocal: N |
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