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UPDATE `aff_pdf_cache` SET `cache` = 'a:10:{i:0;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"6970\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:74:\"Transparency, Financial Accounting Information, and Corporate Governance\";s:11:\"description\";s:1058:\"Vibrant public securities markets rely on complex systems
\nof supporting institutions that promote the governance
\nof publicly traded companies. Corporate governance structures
\nserve: 1) to ensure that minority shareholders receive reliable
\ninformation about the value of firms and that a company’s
\nmanagers and large shareholders do not cheat them out of the
\nvalue of their investments, and 2) to motivate managers to
\nmaximize firm value instead of pursuing personal objectives.1
\nInstitutions promoting the governance of firms include
\nreputational intermediaries such as investment banks and
\naudit firms, securities laws and regulators such as the Securities
\nand Exchange Commission (SEC) in the United States, and
\ndisclosure regimes that produce credible firm-specific
\ninformation about publicly traded firms. In this paper, we
\ndiscuss economics-based research focused primarily on the
\ngovernance role of publicly reported financial accounting
\ninformation.\";s:5:\"thumb\";s:86:\"images/t/70/transparency-financial-accounting-information-and-corporate-governance.jpg\";s:6:\"thumb2\";s:87:\"images/t2/70/transparency-financial-accounting-information-and-corporate-governance.jpg\";s:9:\"permalink\";s:70:\"transparency-financial-accounting-information-and-corporate-governance\";s:5:\"pages\";s:2:\"23\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:1;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"6971\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:126:\"THE ROLE OF FINANCIAL ACCOUNTING INFORMATION IN STRENGTHENING CORPORATE CONTROL MECHANISMS TO ALLEVIATE CORPORATE CORRUPTION\";s:11:\"description\";s:1218:\"Corporate governance, as an antidote to corruption, has been attracting a lot of attention and
\ndebate lately. This study is an attempt to examine the relationship between financial
\naccounting information, corporate control mechanisms and corruption. We critically examine
\nthe relevant literature that investigates the governance role of financial accounting
\ninformation as the direct and indirect use of externally reported financial accounting data in
\ncontrol mechanisms. Specifically, we focus on the role of accounting data in prevalent control
\nmechanisms (primarily in executive compensation contracts) and the underlying causes that
\nled to the shift of contracts towards option awards. Corporate control mechanisms are among
\nthe most effective tools to reduce the incidences of corruption, from its supply side, because
\nthey promote values such as accountability, transparency, fairness and responsibility. These
\nmechanisms are fundamental for the enhancement of the operation of securities’ markets
\nwhich in the dubious environment of the 21st century seek relevant and reliable information
\nbased on transparent financial statements. \";s:5:\"thumb\";s:140:\"images/t/70/the-role-of-financial-accounting-information-in-strengthening-corporate-control-mechanisms-to-alleviate-corporate-corruption.jpg\";s:6:\"thumb2\";s:141:\"images/t2/70/the-role-of-financial-accounting-information-in-strengthening-corporate-control-mechanisms-to-alleviate-corporate-corruption.jpg\";s:9:\"permalink\";s:124:\"the-role-of-financial-accounting-information-in-strengthening-corporate-control-mechanisms-to-alleviate-corporate-corruption\";s:5:\"pages\";s:2:\"27\";s:6:\"rating\";s:7:\"2.53333\";s:5:\"voter\";s:2:\"15\";}i:2;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"17165\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:7:\"samanta\";s:9:\"author_id\";s:4:\"1916\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:92:\"PRIVATE STANDARDS, PUBLIC GOVERNANCE: A NEW LOOK AT THE FINANCIAL ACCOUNTING STANDARDS BOARD\";s:11:\"description\";s:1795:\"The Financial Accounting Standards Board (the \"FASB\") presents a puzzle: How has this private standard setter managed simultaneously (1) to remain independent, (2) to achieve institutional stability and legitimacy, and (3) to operate in a politicized context in the teeth of opposition from its own constituents? This Article looks to governance design to account for this institutional success. The FASB\'s founders made a strategic choice to create a regulatory agency that sought independence rather than political responsiveness. The FASB also set out a coherent theory of accounting, the \"Conceptual Framework,\" to contain and direct its decisions. The Conceptual Framework contributed to the FASB\'s institutional success by disavowing a neutral posture, explicitly privileging the interests of the users of ªnancial reports (investors and market intermediaries) over the interests of the reports\' preparers (large audit ªrms and their managers). Nonetheless, the FASB remains vulnerable to the allegation that its complex, rules-based standards serve the audit ªrms\' interest in lowering the risk of liability while sacriªcing the users\' interest in \"fairly\" stated ªnancials. This Article endorses the rejoinder position. What some see as capture also can be characterized as \"responsiveness,\" and the FASB serves a public interest in taking seriously the accounting ªrms\' need for auditable standards. Although detailed rules can distort the overall story told by a report\'s bottom line, they also make it easier to see what preparers are doing, easing veriªcation and making audit failures and scandals less likely. The FASB emerges as a generator of suboptimal but institutionally defensible standards.\";s:5:\"thumb\";s:107:\"images/t/172/private-standards-public-governance-a-new-look-at-the-financial-accounting-standards-board.jpg\";s:6:\"thumb2\";s:108:\"images/t2/172/private-standards-public-governance-a-new-look-at-the-financial-accounting-standards-board.jpg\";s:9:\"permalink\";s:90:\"private-standards-public-governance-a-new-look-at-the-financial-accounting-standards-board\";s:5:\"pages\";s:2:\"50\";s:6:\"rating\";s:3:\"2.5\";s:5:\"voter\";s:1:\"2\";}i:3;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"34458\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:13:\"gordonbarbier\";s:9:\"author_id\";s:4:\"5371\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:64:\"Advanced Financial Accounting Baker 8th Edition Solutions Manual\";s:11:\"description\";s:65:\"Advanced Financial Accounting Baker 8th Edition Solutions 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Manual\n\";s:5:\"thumb\";s:117:\"images/t/348/financial-accounting-an-introduction-to-concepts-methods-and-uses-stickney-13th-edition-solutions-ma.jpg\";s:6:\"thumb2\";s:118:\"images/t2/348/financial-accounting-an-introduction-to-concepts-methods-and-uses-stickney-13th-edition-solutions-ma.jpg\";s:9:\"permalink\";s:100:\"financial-accounting-an-introduction-to-concepts-methods-and-uses-stickney-13th-edition-solutions-ma\";s:5:\"pages\";s:2:\"48\";s:6:\"rating\";s:3:\"4.5\";s:5:\"voter\";s:1:\"2\";}}', `cache_on` = '2015-02-27 11:53:36' WHERE `aff_id` = '1016051'