Financial Accounting and Equity Markets

Capital Markets Research and Accounting Standard Setting

Philip Brown^a, Bryan Howieson^a

^a Department of Accounting and Finance, University of Western Australia, Western Australia 6907

Abstract

Accounting academics and practitioners have been known to question whether accounting research is as efficacious as it might be. This paper focuses on capital markets-based research in accounting and how its potential contribution to the wider regulatory process can be realised more fully. Examples used are: research on corporate regulation; the move to ‘harmonise’ accounting standards; accounting for R&D; accounting for goodwill; and equity accounting.

Key words: Capital markets-based research; Accounting standards; Standard-setting

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