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Accounting

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Shyam Sunder

2008

Articles 1 - 10 of 10

Full-Text Articles in Business

Value Of The Firm, Shyam Sunder Nov 2008

Value Of The Firm, Shyam Sunder

Shyam Sunder

No abstract provided.

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Extensive Income And Value Of The Firm: Who Gets What?, Shyam Sunder Oct 2008

Extensive Income And Value Of The Firm: Who Gets What?, Shyam Sunder

Shyam Sunder

In the neoclassical model of the firm, value surplus of the firm is assumed to accrue to its owner. Contract model suggests a distribution of the surplus among various agents depending on the imperfections of the markets in which they transact with the firm. If the share of the surplus to an agent declines with the perfection of the market in which he transacts, shareholders should be expected to get only a small piece of the pie, violating the neoclassical assumption. The paper explores an extensive value concept and its measurement for firms. It also examines the implications of extensive …

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Are Regulatory Mandate And Independence Necessary For Audit Quality?, Shyam Sunder, Karim Jamal Oct 2008

Are Regulatory Mandate And Independence Necessary For Audit Quality?, Shyam Sunder, Karim Jamal

Shyam Sunder

Two key assumptions underlying the regulation of U.S. financial reporting are the need to mandate the certification of financial statements, and to require that this certification be performed by independent auditors. Private incentives to demand (and supply) certification are thought to be insufficient, and independence is thought to be necessary for quality audit. In this study, we collect archival data on certification activity in the economy, and conduct a field experiment on an unregulated online market for certification of baseball cards to investigate the validity of these assumptions. Our results show that: (1) Private markets for certification services are ubiquitous …

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Accounting And Governance In Kautilya’S Arthaśāstra1, Shyam Sunder, Manjula Shyam Aug 2008

Accounting And Governance In Kautilya’S Arthaśāstra1, Shyam Sunder, Manjula Shyam

Shyam Sunder

Kautilya’s Arthaśāstra, from the end of the fourth century BC, provides interesting insights into the problems of governance, accounting and control in the Mauryan society. This paper uses the extent English translations of Arthaśāstra to summarize the structure of the Mauryan economy, trade, accounting and control, auditing, regulation and governance processes based primarily on Chapters 6, 7, and 8 of Book 2 of Arthaśāstra. 

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Response To Faf Exposure Draft, “Proposed Changes To Oversight, Structure, And Operations Of The Faf, Fasb, And Gasb”, Robert H. Colson, George J. Benston, Douglas C. Carmichael, Theodore E. Christensen, Karim Jamal, Stephen Moehrle, Shivaram Rajgopal, Thomas Stober, Shyam Sunder, Ross L. Watts Jul 2008

Response To Faf Exposure Draft, “Proposed Changes To Oversight, Structure, And Operations Of The Faf, Fasb, And Gasb”, Robert H. Colson, George J. Benston, Douglas C. Carmichael, Theodore E. Christensen, Karim Jamal, Stephen Moehrle, Shivaram Rajgopal, Thomas Stober, Shyam Sunder, Ross L. Watts

Shyam Sunder

 The Financial Accounting Standards Committee of the American Accounting Association (the Committee) is charged with responding to requests for comments from standard-setters on issues related to financial reporting. The Financial Accounting Foundation (FAF) released for public comment on December 18, 2007 with a response period ending on February 10, 2008, “Proposed Changes to Oversight, Structure, and Operations of the FAF, FASB, and GASB” (the proposal). This commentary concerns four important public policy issues in the proposal with the most relevance for accounting standard setting: 1. Reduce the size of the FASB from seven members to five; 2. Retain the FASB …

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Ifrsaccountingconsensusandeducation-Text.Pdf, Shyam Sunder Jun 2008

Ifrsaccountingconsensusandeducation-Text.Pdf, Shyam Sunder

Shyam Sunder

No abstract provided.

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Ifrs, The Accounting Consensus, And Its Implications For Accounting Education, Shyam Sunder Jun 2008

Ifrs, The Accounting Consensus, And Its Implications For Accounting Education, Shyam Sunder

Shyam Sunder

No abstract provided.

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Value Of The Firm, Shyam Sunder May 2008

Value Of The Firm, Shyam Sunder

Shyam Sunder

No abstract provided.

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Ifrs, Accounting Consensus And Its Implications For Accounting Education, Shyam Sunder May 2008

Ifrs, Accounting Consensus And Its Implications For Accounting Education, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Corporate Governance: What, Why And How, Shyam Sunder Mar 2008

Better Corporate Governance: What, Why And How, Shyam Sunder

Shyam Sunder

No abstract provided.

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