Corporate Lobbying and Firm Performance

Corporate lobbying activities are designed to influence legislators, regulators and courts, presumably to encourage favorable policies and/or outcomes. In dollar terms, corporate lobbying expenditures are typically one or even two orders of magnitude larger than spending by Political Action Committees (PAC), and, unlike PAC donations, lobbying amounts are direct corporate expenditures. We use data made available by the Lobbying Disclosure Act of 1995 to examine this more pervasive form of corporate political activity. We find that, on average, lobbying is positively related to accounting and market measures of financial performance. These results are robust across a number of empirical specifications. We also report market performance evidence using a portfolio approach. We find that portfolios of firms with the highest lobbying intensities significantly outperform their benchmarks in the three years following portfolio formation.     

Efectividad del proyecto de convergencia contable mexicano emprendido a partir de 2005: evidencia empírica (1997-2010)

The purpose of our study is to know whether the efforts carried out by the Mexican Council for Financial Information managed to reduce the differences in the calculation of the Mexican accounting reports and those calculated under American principles (US GAAP) in the period 1997-2010. To achieve the objectives set out, we analyzed 230 20-F reports that correspond to 27 Mexican companies listed in the New York Stock Exchange. The results obtained in the implementation of the linear regression models show the existence of certain factors that explain the degree of comparability of fundamental accounting variables obtained under Mexican GAAP and US GAAP.     

What Plato Knew About Enron

This paper applies Plato’s cave allegory to Enron’s success and downfall. Plato’s famous tale of cave dwellers illustrates the different levels of truth and understanding. These levels include images, the sources of images, and the ultimate reality behind both. The paper first describes these levels of perception as they apply to Plato’s cave dwellers and then provides a brief history of the rise of Enron. Then we apply Plato’s levels of understanding to Enron, showing how the company created its image and presented information to support that image, and how the public eventually emerged from the cave to realize the truth about Enron’s actual accounting practices and financial state, which led to the corporation’s downfall. We find Plato’s allegory both useful in analyzing the relationship between Enron and the public and instructive about the power and moral responsibility of Enron’s executives.     

实践《小企业会计制度》的问题与对策

《小企业会计制度》的实施是我国会计界的大事,企业实践该制度过程中,有许多实际问题值得研究和探讨。     

对财务会计报表审核方法的探讨

现代市场经济的快速发展,提高了对我国企业各项管理工作的要求.税务工作、企业经营导向的制定等工作也对企业财务信息管理与审核提出了更高的要求.本文归纳、总结了财务会计报表的审核方法和内容,旨在帮助财务会计报表的填制者有效的开展报表的自我审核工作,及时发现问题并予以改正,从而提高财务会计报表效率.     

浅谈经济危机下会计集中核算制度的优与劣

几年前发生的经济危机,会计集中核算制度充分发挥了社会主义的优势.会计集中核算在杜绝腐败、资金合法使用、有效管理资金方面起到了重要作用.但是,本文对会计核算集中制度存在着一些缺陷,提出了自己的建议以供参考.     

长期股权投资核算的权益法

长期股权投资权益法,其特点是投资最初以投资成本计价,以后根据投资企业享有被投资单位所有者权益份额的变动对投资的账面价值进行调整的方法。本文主要讨论了权益法的涵义与适用范围,通过实例分析了权益法下的会计处理思路等问题,并提出了相应的解决对策。     

基于循环经济的企业资源价值流转核算研究

文章根据企业循环经济价值的本质及特征,以资源流转平衡及物质流路线为基础,对企业资源流转价值概念进行了界定,分析了资源价值的变化规律,构建了企业资源价值流转核算模型。在此基础上,以电解铝生产流程为例,对其资源的投入、消耗、产出及废弃价值的流转进行了核算,并绘制了与物质流路线相匹配的资源价值流转图。文章认为,企业通过资源有效利用价值与废弃物损失价值的计算,并确定废弃物环境损害价值,可对企业循环经济活动进行价值反映与分析,为企业挖掘资源利用潜力,提高循环利用效率,实现物质循环与价值流动的和谐统一与优化提供一种有效的管理手段。     

对高职高专《成本会计》课程改革的几点思考

《成本会计》课程是高职财经类会计专业的一门重要专业课程。为适应高职教育的特点,改变高职院校成本会计的教学现状。应改革教学模式和教学内容,突出职业能力培养,加强师资队伍和教材建设,改革教学方法和手段。     

我国会计标准国际趋同的动态研究——以2000-2006年B股分析为例

本文通过对样本公司2000年至2006年按照我国会计标准和国际会计准则所披露的净损益指标的统计分析,研究我国会计标准的国际趋同情况。结果表明,从2000年到2006年,我国会计准则的发展并没有呈现一个方向一致的趋同趋势,分行业考察也没有一个规律性的变动趋势。另外,2000年和2006年导致差异出现的因素构成、因素的影响程度等也是不同的。