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Measuring Risk In Business And Economics: Possibility Of Loss Or Dispersion Of Outcomes, Shyam Sunder Dec 2014

Measuring Risk In Business And Economics: Possibility Of Loss Or Dispersion Of Outcomes, Shyam Sunder

Shyam Sunder

No abstract provided.


Challenges Of Social Science In Research Management, Shyam Sunder Dec 2014

Challenges Of Social Science In Research Management, Shyam Sunder

Shyam Sunder

No abstract provided.


Financial Engineering And The Arms Race Between Accounting Standard Setters And Preparers, Ronald Dye, Jonathan Glover, Shyam Sunder Oct 2014

Financial Engineering And The Arms Race Between Accounting Standard Setters And Preparers, Ronald Dye, Jonathan Glover, Shyam Sunder

Shyam Sunder

This essay analyzes some problems accounting standard setters confront in erecting barriers to managers bent on boosting their firms’ financial reports through financial engineering (FE) activities. It also poses some unsolved research questions regarding interactions between preparers and standard setters. It starts by discussing the history of lease accounting to illustrate the institutional disadvantage of standard setters relative to preparers in their speeds of response. Then, the essay presents a general theorem which shows that, independent of how accounting standards are written, it is impossible to eliminate all FE efforts of preparers. It also discusses the desirability of choosing accounting …


Measuring Risk In Business And Economics: Possibility Of Loss Or Dispersion Of Outcomes?, Shyam Sunder Oct 2014

Measuring Risk In Business And Economics: Possibility Of Loss Or Dispersion Of Outcomes?, Shyam Sunder

Shyam Sunder

No abstract provided.


Higher Education In India: Financing And Efficiency, Shyam Sunder Sep 2014

Higher Education In India: Financing And Efficiency, Shyam Sunder

Shyam Sunder

No abstract provided.


Risky Curves: On The Empirical Failure Of Expected Utility, Shyam Sunder Aug 2014

Risky Curves: On The Empirical Failure Of Expected Utility, Shyam Sunder

Shyam Sunder

No abstract provided.


Higher Education: Options For India And India Inc., Shyam Sunder Aug 2014

Higher Education: Options For India And India Inc., Shyam Sunder

Shyam Sunder

No abstract provided.


Short Investment Horizons Higher Order Beliefs, And Difficulty Of Backwar Induction: Price Bubbles And Indeterminancy In Financail Markets, Shyam Sunder Jul 2014

Short Investment Horizons Higher Order Beliefs, And Difficulty Of Backwar Induction: Price Bubbles And Indeterminancy In Financail Markets, Shyam Sunder

Shyam Sunder

No abstract provided.


Risky Curves: On The Empirical Failure Of Expected Utility.", Shyam Sunder Jun 2014

Risky Curves: On The Empirical Failure Of Expected Utility.", Shyam Sunder

Shyam Sunder

No abstract provided.


Laboratory Experiments In Economics: Coming Of Age, Shyam Sunder Jun 2014

Laboratory Experiments In Economics: Coming Of Age, Shyam Sunder

Shyam Sunder

No abstract provided.


How Can Financial Reporting Standards Resist Accounting-Motived Financial Engineering?, Shyam Sunder May 2014

How Can Financial Reporting Standards Resist Accounting-Motived Financial Engineering?, Shyam Sunder

Shyam Sunder

No abstract provided.


Role Of Accounting In Managing Risk, Shyam Sunder May 2014

Role Of Accounting In Managing Risk, Shyam Sunder

Shyam Sunder

No abstract provided.


Short Investment Horizons, Higher Order Beliefs, And Difficulty Of Backward Induction: Price Bubbles And Indeterminancy In Financial Markets, Shyam Sunder Apr 2014

Short Investment Horizons, Higher Order Beliefs, And Difficulty Of Backward Induction: Price Bubbles And Indeterminancy In Financial Markets, Shyam Sunder

Shyam Sunder

No abstract provided.


Remarks To The Yale University Art Gallery Board Of Trustees, Shyam Sunder Apr 2014

Remarks To The Yale University Art Gallery Board Of Trustees, Shyam Sunder

Shyam Sunder

No abstract provided.


India: An Introduction, Shyam Sunder Apr 2014

India: An Introduction, Shyam Sunder

Shyam Sunder

No abstract provided.


Statistical Inference In Accounting Research, Shyam Sunder Apr 2014

Statistical Inference In Accounting Research, Shyam Sunder

Shyam Sunder

No abstract provided.


Modi: An Improbable Hayekian, Shyam Sunder Apr 2014

Modi: An Improbable Hayekian, Shyam Sunder

Shyam Sunder

No abstract provided.


Accounting And Control For Mbas, Shyam Sunder Feb 2014

Accounting And Control For Mbas, Shyam Sunder

Shyam Sunder

No abstract provided.


Leading And Managing Change In A Volatile, Uncertain, Complex And Ambiguous World, Shyam Sunder Jan 2014

Leading And Managing Change In A Volatile, Uncertain, Complex And Ambiguous World, Shyam Sunder

Shyam Sunder

No abstract provided.


Monopoly Versus Competition In Setting Accounting Standards, Shyam Sunder Dec 2013

Monopoly Versus Competition In Setting Accounting Standards, Shyam Sunder

Shyam Sunder

Risk and uncertainty are inherent in the environment and functions of accounting. Accounting reports, systems, norms, and rules help people decide, and also determine how they decide in such an environment. Diverse normative theories and descriptions of coping with risk and uncertainty yield different implications for accounting. Chambers was an articulate, forceful, and celebrated proponent of market values, while Ijiri did the same for historical costs. Elements of accounting theory that diverge in their emphases on historical cost versus market values can be linked to the divergence in the theories of risk and decision making. This largely unrecognized link between …