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The Latest Research in Corporate Governance: Accounting

Academic overview of research methods, global perspective, financial reporting, accountability, and fraud in corporate governance. Discusses international regimes, economic entrenchment, SOX impact, fraud prevention, and practitioner journal insights.

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The Latest Research in Corporate Governance: Accounting

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  1. The Latest Research inCorporate Governance:Accounting Martha Doran, Ph.D.

  2. Academic Update and Discussion of Accounting Literature: Overview • Research Methods • Areas for Discussion • Global Perspective • Financial Reporting and SOX • Accountability and Fraud • Practitioner Journals • Future Issues and Research Questions

  3. Research Methods • Basic • Empirical • Behavioral • Applied • Case Studies • Practitioner Issues

  4. Discussion Areas: Global Perspective • International Regimes: The Case of Western Corporate Governance, David A. Detomasi, International Studies Review: 2006. Vol. 8, pp. 225-251. • Likelihood of convergence (form; barriers) • Norms,values,principles...Consensus? • Regime theory applied to empirical inquiry • Regime theory for emerging market economies • Global governance

  5. Global (cont.) • Corporate Governance, Economic Entrenchment and Growth, Randall Morck, Daniel Wolfenzon, & Benard Yeung, National Bureau of Economic Research Working Paper 10692 http://www.nber.org/papers/w10692. Cambridge, MA: August 2004 (63 pp.). • Outside US/UK, pyramidal control structure common • Ownership structure vests control with families investing little real capital • Diverting of resources for private benefits • Economy-wide misallocation of resources • Economic entrenchment and political influence

  6. Discussion Areas: Financial Reporting & SOX • Audit Committees’ Oversight Responsibilities Post Sarbanes-Oxley Act, Hassan R. HassabElnaby, Amal Said, & Glenn Wolfe. American Journal of Business: Fall 2007. Vol. 22, Iss. 2, pp. 19 – 32. • SOX increased perceptions of responsibilities • Becoming institutionalized • Audit Committee accounting expertise • Audit Committee self-assessment

  7. Discussion Areas: Fraud & Accountability • Business Leaders Take on Fraud, Journal of Accountancy. New York: Jan 2007. Vol. 203, Iss. 1, pp. 34-38. • “Delicate balance” between encouraging performance and discouraging unethical conduct to achieve results • Not as much the issue as the company reaction • Can’t count on government to reduce fraud • Europol(European Police)- Concerned because skilled CPAs and attorneys are for hire to facilitate “liquidation constructions” • China: Dilemma to catch up from gov’t economic oppression – Now told “to get rich is glorious”, without a developed system of ethics for today’s China

  8. Discussion Areas: Practitioner Journals • The Wall Street Slide, Gerard Baker. The International Economy.  Washington: Spring 2007.  Vol. 21, Iss. 2, pp. 26-27, 82. • Flirting with SOX 404 Marianne Bradford & Joe Brazel. Strategic Finance. Montvale: Sep 2007. Vol. 89, Iss. 3,  pp. 48-53.

  9. Future Issues & Research Questions • What matters most to business in terms of governance issues? • What level of participation will academics be able to expect from business? • What value does academic research in business add to corporate governance?

  10. The Latest Research inCorporate Governance:Accounting Martha Doran, Ph.D.

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