Kemampuan Prediktif Teori Akuntansi Positif Terhadap Praktik dan Riset Akuntansi: Sebuah Kajian Konseptual
Keywords:
positive accounting theory, predictive value, methodology, philosophyAbstract
This study intends to evaluate the predictive value of the positive accounting theory approach. Using the internet and library research, this study sought to collect research literature using the positive accounting theory approach from the early to the current period. After a careful and in-depth review of the extant literature using the positive accounting theory approach, this study concludes that positive accounting theory has a good predictive value for current and future practices and research in accounting besides there are several critics on the positive accounting theory methodology and philosophy. Therefore, the future studies will contribute to solving the positive accounting theory problems.
References
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Ahmed, A. S., & Duellman, S. (2007). Accounting conservatism and board of director characteristics: An empirical analysis. Journal of Accounting and Economics, 43, 411-437.
Ali, A., & Hwang, L.S. (2000). Country-specific factors related to financial reporting and the value relevance of accounting data. Journal of Accounting Research, 38, 1-21.
Ball, R.J., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6, 159-178.
Ball, R., & Foster, G. (1982). Corporate financial reporting: A methodological review of empirical research. Journal of Accounting Research, 20 (Supplement), 161-234.
Ball, R., & Shivakumar, L. (2006). The role of accruals in asymmetrically timely gain and loss recognition. Journal of Accounting Research, 44, 207-242.
Barth, M. E., Beaver, W. H., & Landsman, W. R. (2001). The relevance of the value relevance literature for financial accounting standard setting: Another view. Journal of Accounting & Economics, 31, 77-104.
Bazrafshan, M., & Talebnia, G. (2016). Challenges positive accounting theory. International Journal of Basic Sciences & Applied Research, 5 (2), 119-122,
Beaver, W. H., Lambert, R., & Morse, D. (1980). The information content of security prices. Journal of Accounting and Economics, 2, 3-28.
Benston, G. J. (2006). Fair value accounting: A cautionary tale from enron. Journal of Accounting and Public Policy, 25, 465-484.
Biddle, G. C., & Lindahl, F. W. (1982). Stock price reactions to lifo adoptions: The association between excess returns and lifo tax savings. Journal of Accounting Research, 20, 551-588.
Brinn, T., Jones, M. J., & Pendlebury, M. (1996). UK accountants’ perceptions of research journal quality. Accounting and Business Research, 26, 265-278.
Boland, L.A., & Gordon, I.M. (1992). Criticizing positive accounting theory. Contemporary Accounting Research, 9(1), 142-170.
Bushee, B. (1998). The influence of institutional investors on myopic R&D investment behavior. The Accounting Review, 73, 305-333.
Byrne, A., Clacher, I., Hillier, D., & Hodgson, A. (2008). Fair value accounting and management discretion. Working Paper, Management School, University of Edinburgh, UK.
Chambers, R.J. (1993). Positive accounting theory and the PA cult. Abacus, 29, 1-26.
Christenson, C. (1983). The methodology of positive accounting. The Accounting Review, 58(1), 1-22.
Clarkson, P., Hanna, J. D., Richardson, G. D., & Thompson, R. (2011). The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting and Economics, 7(1), 1-17.
Coase, R. H. (1937). The nature of the firm. Economica, 4(16), 368-405.
DeAngelo, L. E. (1986). Accounting numbers as market valuation substitutes: A study of management buyouts of public shareholders. The Accounting Review, 61, 400-420.
Demski, J. (1988). Positive accounting theory: A review. Accounting, Organizations and Society, 13(6), 623-629.
Duke, J. C., & Hunt H.III, (1990). An empirical examination of debt covenant restrictions and accounting related debt proxies. Journal of Accounting and Economics, 12, 45-63.
Ghanbari, M., Manesh, M.Z., Khorasani, H., Hesam, H., & Nejad, H. (2016). PAT (positive accounting theory) and natural science. International Research Journal of Applied and Basic Sciences, 10(2), 177-182.
Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7, 85-107.
Holthausen, R., & Leftwich, R. (1983). The econotnic consequences of accounting choice: Implications of costly contracting and monitoring. Journal of Accounting and Economics, 5, 77-117.
Holthausen, R. W., & Watts, R.L. (2001). The relevance of the value-relevance literature for financial accounting standard setting. Journal of Accounting and Economics, 31, 3–75.
Hung, M, & Subramanyam, K. R. (2007). Financial statement effects of adopting international accounting standards: The case of Germany. Review of Accounting Studies, 12, 623-657.
Ijiri, Y. (1980). An introduction to corporate accounting standars: A review. The Accounting Review, 55(4), 620-628.
Kabir. M.H. (2011). Positive accounting theory and scienc. Journal of Centrum Cathedra, 136-149.
Kaplan, R. S., & Roll, R. (1972). Investor evaluation of accounting information: Some empirical evidence. Journal of Business, 45, 225-257.
Krishnan, G. V. (2003). Does big 6 auditor industry expertise constrain earnings management?. Accounting Horizons, 17, 1-16.
Kumah, C.H. (2015). A comparative study of use of the library and the internet SS sources of information by graduate students in the university of Ghana. Library Philosphy and Practice (e-journal), 1-20.
Lev, B., & Ohlson, J. (1982). Market-based empirical research in accounting: A review, interpretation and extension. Journal of Accounting Research, 20 (Supplement), 249-322.
Liberty. S.E., & Zimmerman, J. L. (1986). Labor union contract negotiations and accounting choices. The Accounting Review, 61(4), 692-712.
Lowe, E., Puxty, A., & Laughlin, R. (1983). Simple theories for complex processes: Accounting policy and the market for myopia. Journal of Accounting and Public Policy, 2(1), 19-42.
McKee, A., Bell, T., & Boatsman, J. (1984). Management preferences over accounting standards: A replication and additional tests. The Accounting Review, 59(4), 647-659.
McNichols, M., & Manegold, J. G. (1983). The effect of the information environment on the relationship between financial disclosure and security price variability. Journal of Accounting & Economics, 5, 49-7
Milne, M. (2002). Positive accounting theory, political costs and social disclosure analyses: A critical look. Critical Perspectives on Accounting, 13(3), 369-395.
Morais, A. I., & Curto, J. D. (2009). Mandatory adoption of iasb standards: Value relevance and country-specific factors. Australian Accounting Review, 46, 128- 143.
Peasnell, K.V., Pope, P.F., & Young, S. (2005). Board monitoring and earnings management: Do outside directors influence abnormal accruals?. Journal of Business Finance & Accounting, 32, 1311-1346.
Soderstrom, N. S., & Sun, K. J. (2007). IFRS adoption and accounting quality: A review. European Accounting Review, 16, 675-702.
Sterling, R.R. (1990). Positive accounting: An assessment. Abacus, 26, 97-135.
Sue, M. (1997). Comments on positive accounting theory: A necessarily blinkered view. Accounting Forum, 21, 73-80.
Sunder, S. (1997). Theory of accounting and control. Cincinnati, OH: Thomson.
Teoh, S. H., Wong, T. J., & Rao, G. R. (1998). Are accruals during initial public offerings opportunistic?. Review of Accounting Studies, 3, 175-208.
Tinker, A., Medno, B., & Neimark, M. (1982). The normative origins of positive theories: Ideology and accounting thought. Accounting, Organizations and Society, 7 (2), 167-200.
Watts, R.L., & Zimmerman, J.L. (1978). Towards a positive theory of the determination of accounting standards. The Accounting Review, 53(1), 112-134.
Watts, R.L., & Zimmerman, J.L. (1979). The demand for and supply of accounting theories: the market for excuses. The Accounting Review, 54(2), 273-305.
Watts, R.L., & Zimmerman, J.L. (1986). Positive Accounting Theory. Englewood Cliffs, NJ: Prentice-Hall.
Watts, R. L, and Zimmerman, J. L. (1990). Positive accounting theory: A ten year perspective. The Accounting Review, 65, 131-156.
Whitley, R. D. (1988). The possibility and utility of positive accounting theory. Accounting, Organizations, and Society, 13, 631-645.
Whittington, G. (1987). Positive accounting: A review article. Accounting and Business Research, 17, 327-336.
Ahmed, A. S., & Duellman, S. (2007). Accounting conservatism and board of director characteristics: An empirical analysis. Journal of Accounting and Economics, 43, 411-437.
Ali, A., & Hwang, L.S. (2000). Country-specific factors related to financial reporting and the value relevance of accounting data. Journal of Accounting Research, 38, 1-21.
Ball, R.J., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6, 159-178.
Ball, R., & Foster, G. (1982). Corporate financial reporting: A methodological review of empirical research. Journal of Accounting Research, 20 (Supplement), 161-234.
Ball, R., & Shivakumar, L. (2006). The role of accruals in asymmetrically timely gain and loss recognition. Journal of Accounting Research, 44, 207-242.
Barth, M. E., Beaver, W. H., & Landsman, W. R. (2001). The relevance of the value relevance literature for financial accounting standard setting: Another view. Journal of Accounting & Economics, 31, 77-104.
Bazrafshan, M., & Talebnia, G. (2016). Challenges positive accounting theory. International Journal of Basic Sciences & Applied Research, 5 (2), 119-122,
Beaver, W. H., Lambert, R., & Morse, D. (1980). The information content of security prices. Journal of Accounting and Economics, 2, 3-28.
Benston, G. J. (2006). Fair value accounting: A cautionary tale from enron. Journal of Accounting and Public Policy, 25, 465-484.
Biddle, G. C., & Lindahl, F. W. (1982). Stock price reactions to lifo adoptions: The association between excess returns and lifo tax savings. Journal of Accounting Research, 20, 551-588.
Brinn, T., Jones, M. J., & Pendlebury, M. (1996). UK accountants’ perceptions of research journal quality. Accounting and Business Research, 26, 265-278.
Boland, L.A., & Gordon, I.M. (1992). Criticizing positive accounting theory. Contemporary Accounting Research, 9(1), 142-170.
Bushee, B. (1998). The influence of institutional investors on myopic R&D investment behavior. The Accounting Review, 73, 305-333.
Byrne, A., Clacher, I., Hillier, D., & Hodgson, A. (2008). Fair value accounting and management discretion. Working Paper, Management School, University of Edinburgh, UK.
Chambers, R.J. (1993). Positive accounting theory and the PA cult. Abacus, 29, 1-26.
Christenson, C. (1983). The methodology of positive accounting. The Accounting Review, 58(1), 1-22.
Clarkson, P., Hanna, J. D., Richardson, G. D., & Thompson, R. (2011). The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting and Economics, 7(1), 1-17.
Coase, R. H. (1937). The nature of the firm. Economica, 4(16), 368-405.
DeAngelo, L. E. (1986). Accounting numbers as market valuation substitutes: A study of management buyouts of public shareholders. The Accounting Review, 61, 400-420.
Demski, J. (1988). Positive accounting theory: A review. Accounting, Organizations and Society, 13(6), 623-629.
Duke, J. C., & Hunt H.III, (1990). An empirical examination of debt covenant restrictions and accounting related debt proxies. Journal of Accounting and Economics, 12, 45-63.
Ghanbari, M., Manesh, M.Z., Khorasani, H., Hesam, H., & Nejad, H. (2016). PAT (positive accounting theory) and natural science. International Research Journal of Applied and Basic Sciences, 10(2), 177-182.
Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7, 85-107.
Holthausen, R., & Leftwich, R. (1983). The econotnic consequences of accounting choice: Implications of costly contracting and monitoring. Journal of Accounting and Economics, 5, 77-117.
Holthausen, R. W., & Watts, R.L. (2001). The relevance of the value-relevance literature for financial accounting standard setting. Journal of Accounting and Economics, 31, 3–75.
Hung, M, & Subramanyam, K. R. (2007). Financial statement effects of adopting international accounting standards: The case of Germany. Review of Accounting Studies, 12, 623-657.
Ijiri, Y. (1980). An introduction to corporate accounting standars: A review. The Accounting Review, 55(4), 620-628.
Kabir. M.H. (2011). Positive accounting theory and scienc. Journal of Centrum Cathedra, 136-149.
Kaplan, R. S., & Roll, R. (1972). Investor evaluation of accounting information: Some empirical evidence. Journal of Business, 45, 225-257.
Krishnan, G. V. (2003). Does big 6 auditor industry expertise constrain earnings management?. Accounting Horizons, 17, 1-16.
Kumah, C.H. (2015). A comparative study of use of the library and the internet SS sources of information by graduate students in the university of Ghana. Library Philosphy and Practice (e-journal), 1-20.
Lev, B., & Ohlson, J. (1982). Market-based empirical research in accounting: A review, interpretation and extension. Journal of Accounting Research, 20 (Supplement), 249-322.
Liberty. S.E., & Zimmerman, J. L. (1986). Labor union contract negotiations and accounting choices. The Accounting Review, 61(4), 692-712.
Lowe, E., Puxty, A., & Laughlin, R. (1983). Simple theories for complex processes: Accounting policy and the market for myopia. Journal of Accounting and Public Policy, 2(1), 19-42.
McKee, A., Bell, T., & Boatsman, J. (1984). Management preferences over accounting standards: A replication and additional tests. The Accounting Review, 59(4), 647-659.
McNichols, M., & Manegold, J. G. (1983). The effect of the information environment on the relationship between financial disclosure and security price variability. Journal of Accounting & Economics, 5, 49-7
Milne, M. (2002). Positive accounting theory, political costs and social disclosure analyses: A critical look. Critical Perspectives on Accounting, 13(3), 369-395.
Morais, A. I., & Curto, J. D. (2009). Mandatory adoption of iasb standards: Value relevance and country-specific factors. Australian Accounting Review, 46, 128- 143.
Peasnell, K.V., Pope, P.F., & Young, S. (2005). Board monitoring and earnings management: Do outside directors influence abnormal accruals?. Journal of Business Finance & Accounting, 32, 1311-1346.
Soderstrom, N. S., & Sun, K. J. (2007). IFRS adoption and accounting quality: A review. European Accounting Review, 16, 675-702.
Sterling, R.R. (1990). Positive accounting: An assessment. Abacus, 26, 97-135.
Sue, M. (1997). Comments on positive accounting theory: A necessarily blinkered view. Accounting Forum, 21, 73-80.
Sunder, S. (1997). Theory of accounting and control. Cincinnati, OH: Thomson.
Teoh, S. H., Wong, T. J., & Rao, G. R. (1998). Are accruals during initial public offerings opportunistic?. Review of Accounting Studies, 3, 175-208.
Tinker, A., Medno, B., & Neimark, M. (1982). The normative origins of positive theories: Ideology and accounting thought. Accounting, Organizations and Society, 7 (2), 167-200.
Watts, R.L., & Zimmerman, J.L. (1978). Towards a positive theory of the determination of accounting standards. The Accounting Review, 53(1), 112-134.
Watts, R.L., & Zimmerman, J.L. (1979). The demand for and supply of accounting theories: the market for excuses. The Accounting Review, 54(2), 273-305.
Watts, R.L., & Zimmerman, J.L. (1986). Positive Accounting Theory. Englewood Cliffs, NJ: Prentice-Hall.
Watts, R. L, and Zimmerman, J. L. (1990). Positive accounting theory: A ten year perspective. The Accounting Review, 65, 131-156.
Whitley, R. D. (1988). The possibility and utility of positive accounting theory. Accounting, Organizations, and Society, 13, 631-645.
Whittington, G. (1987). Positive accounting: A review article. Accounting and Business Research, 17, 327-336.
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2018-03-31
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Articles in JBIMA (Jurnal Bisnis dan Manajemen) Vol. 6 No. 1
