[...]... (1985) Accounting in its social context: Towards a history of value added in the United Kingdom Accounting, Organizations and Society, 10, 5–27 Chow, C W (1983) The impact of accounting regulation on bondholder and shareholder wealth: The case of the securities acts Accounting Review, 58, 485–520 Cooper, D., and Sherer M (1984) The value of accounting reports: Arguments for a political economy of accounting. .. security returns: The case of long event windows Journal of Accounting and Economics, 15 (2/3), 119–42 Easton, P., Taylor, G Shroff, P., and Sougiannis, T (2002) Using forecasts of earnings to simultaneously estimate growth and the rate of return on equity investment Journal of Accounting Research, 40, 657–76 Fama, E., and French, K (1992) The cross-section of expected returns Journal of Finance, 47, 427–65... Report of Investigation by the Special Investigative Committee of the Board of Directors of Enron Corp (February 1) Smith, C., and Stulz, R (1985) The determinants of firms’ hedging policies Journal of Financial and Quantitative Analysis, 20, 391–405 Stewart, J E (1989) The challenges of hedge accounting Journal of Accountancy, 168 (6), 42–6 Stulz, R (1984) Optimal hedging policies Journal of Financial... Theoretical Research in Accounting The origin of the modern debate on human capital accounting can be found in the literature in the 1970s, which was stimulated by earlier work of labor economists such as Becker Then, a number of authors argued that lack of recognition of human capital is unsatisfactory The early literature explores the question of how to measure the value of human capital Of this literature,... flow models of equity valuation: A response to Penman (2001) Contemporary Accounting Research, 18, 693–6 Miller, M., and Modigliani, F (1961) Dividend policy, growth and the valuation of shares Journal of Business, 34, 411–33 Morel, M (1999) Multi-lagged specification of the Ohlson model Journal of Accounting, Auditing and Finance, 14, 147–61 acounting-based estimates of the expected rate of return... itself to the importance of the topic It is perhaps the best possible illustration of how complex a topic accounting becomes as soon as it is defined as more than simply a set of techniques Whichever of the above views is believed, it is clear that accounting lies at the heart of capitalism as an economic system To understand capitalism one must understand accounting and to understand accounting one must... exist Bibliography Bank of International Settlements (2003) Derivatives markets BIS Quarterly Review, December, 39–50 Board of Banking Supervision (1995) Inquiry into the Circumstances of the Collapse of Barings July 18 Financial Accounting Standards Board (1990) Statement of Financial Accounting Standard (SFAS) No 105: ‘‘Disclosure of information about financial instruments with off-balance sheet risk... financial instruments with concentrations of credit risk.’’ Norwalk, CT: FASB Financial Accounting Standards Board (1991) Statement of Financial Accounting Standards (SFAS) No 107: ‘‘Disclosures about fair value of financial instruments.’’ Norwalk, CT: FASB Financial Accounting Standards Board (1993) Statement of Financial Accounting Standards (SFAS) No 115: ‘ Accounting for certain investments in debt... (1995) Accounting for financial instruments: An overview of issues and standards development In P Y Hoong (ed.), Contemporary Issues in Accounting Singapore: Addison-Wesley Lee, P., and Tan, P (1994) Hedge accounting: An evaluation and illustration of the guidelines of exposure draft 48 Accounting and Business Review, 1 (2), 357–90 Myers, S (1977) The determinants of corporate borrowing Journal of Financial... for accounting A second component is Foucault’s notion of archeology, or the emergence of forms of discourse, including accounting and the institutional and legal norms that make them possible The third element is genealogy, or the complex of dispersed historical events and subsequent transitions that give significance to accounting practice Accounting and accountability are therefore the extension of . THE BLACKWELL ENCYCLOPEDIA OF MANAGEMENT ACCOUNTING Colin Clubb / TheBlackwell Encyclopediaof Management: Accounting Final Proof30.11.2004 5:27pm page i THE BLACKWELL ENCYCLOPEDIA OF MANAGEMENT SECOND. Ltd Library of Congress Cataloging-in-Publication Data The Blackwell encyclopedia of management. Accounting/ edited by Colin Clubb. p. cm. — (The Blackwell encyclopedia of management ; v. 1) Rev. ed. of: . TheBlackwell Encyclopediaof Management: Accounting Final Proof26.11.2004 10:54pm page v Preface Accounting practice encompasses a wide variety of organizational activities which include the recording of