메뉴 건너뛰기




Volumn 21, Issue 1, 2007, Pages 1-22

Congressional intervention in the standard-setting process: An analysis of the stock option accounting reform act of 2004

Author keywords

[No Author keywords available]

Indexed keywords


EID: 39049154884     PISSN: 08887993     EISSN: 15587975     Source Type: Journal    
DOI: 10.2308/acch.2007.21.1.1     Document Type: Article
Times cited : (38)

References (62)
  • 1
    • 39049160224 scopus 로고    scopus 로고
    • Aboody, D., M. Barth, and R. Kasznik. 2003. Do firms manage stock-based compensation expense disclosed under SFAS No. 123? Working paper, University of California, Los Angeles and Stanford University.
    • Aboody, D., M. Barth, and R. Kasznik. 2003. Do firms manage stock-based compensation expense disclosed under SFAS No. 123? Working paper, University of California, Los Angeles and Stanford University.
  • 2
    • 2442620196 scopus 로고    scopus 로고
    • _,_, and_. 2004. Firms' voluntary recognition of stock-based compensation expense. Journal of Accounting Research 42: 123-149.
    • _,_, and_. 2004. Firms' voluntary recognition of stock-based compensation expense. Journal of Accounting Research 42: 123-149.
  • 3
    • 39049097766 scopus 로고
    • Accounting for Stock Issued to Employees
    • Accounting Principles Board APB, New York, NY: APB
    • Accounting Principles Board (APB). 1973. Accounting for Stock Issued to Employees. ABP Opinion No. 25, New York, NY: APB.
    • (1973) ABP Opinion , Issue.25
  • 4
    • 39049159294 scopus 로고    scopus 로고
    • Andrews, E., 2003. Senate panel backs bill to give tax windfall to U.S. companies. New York Times (October 1).
    • Andrews, E., 2003. Senate panel backs bill to give tax windfall to U.S. companies. New York Times (October 1).
  • 6
    • 27844577309 scopus 로고    scopus 로고
    • Congress looks at accounting for business combinations
    • Beresford, D. 2001. Congress looks at accounting for business combinations. Accounting Horizons 15: 73-86.
    • (2001) Accounting Horizons , vol.15 , pp. 73-86
    • Beresford, D.1
  • 7
    • 39049136055 scopus 로고    scopus 로고
    • Expensing options bill stirs debate; money matters
    • August 1
    • Brakey, H. 2004. Expensing options bill stirs debate; money matters. Miami Herald (August 1).
    • (2004) Miami Herald
    • Brakey, H.1
  • 8
    • 0040455051 scopus 로고    scopus 로고
    • Do campaign donations alter how a politician votes? Or, do donors support candidates who value the same things that they do?
    • Bronars, S. G., and J. R. Lott, Jr. 1997. Do campaign donations alter how a politician votes? Or, do donors support candidates who value the same things that they do? Journal of Law and Economics 40: 317-350.
    • (1997) Journal of Law and Economics , vol.40 , pp. 317-350
    • Bronars, S.G.1    Lott Jr., J.R.2
  • 9
    • 0032321571 scopus 로고    scopus 로고
    • Political action committee contributions and U.S. Congressional voting on sugar legislation
    • Brooks, J. C., A. C. Cameron, and C. A. Carter. 1998. Political action committee contributions and U.S. Congressional voting on sugar legislation. American Journal of Agricultural Economics 80: 441-454.
    • (1998) American Journal of Agricultural Economics , vol.80 , pp. 441-454
    • Brooks, J.C.1    Cameron, A.C.2    Carter, C.A.3
  • 10
    • 39049167145 scopus 로고    scopus 로고
    • Fuzzy math and stock options
    • July 6
    • Buffet, W. 2004. Fuzzy math and stock options. Washington Post (July 6).
    • (2004) Washington Post
    • Buffet, W.1
  • 11
    • 0034918946 scopus 로고    scopus 로고
    • The two faces of capital: Corporations and individual capitalists as political actors
    • June
    • Burns, V. 2001. The two faces of capital: Corporations and individual capitalists as political actors. American Sociological Review 66 (June): 361-381.
    • (2001) American Sociological Review , vol.66 , pp. 361-381
    • Burns, V.1
  • 12
    • 39049104708 scopus 로고    scopus 로고
    • Finance-Supporters of options bill to push bill in November
    • October 8
    • Congress Daily. 2004. Finance-Supporters of options bill to push bill in November. National Journal (October 8).
    • (2004) National Journal
    • Daily, C.1
  • 13
    • 0013468440 scopus 로고    scopus 로고
    • Stock option plans for non-executive employees
    • Core, J., and W. Guay. 2001. Stock option plans for non-executive employees. Journal of Financial Economics 61: 253-287.
    • (2001) Journal of Financial Economics , vol.61 , pp. 253-287
    • Core, J.1    Guay, W.2
  • 16
    • 14844330233 scopus 로고    scopus 로고
    • Economic consequences of accounting for stock-based compensation
    • Dechow, P., A. Hutton, and R. Sloan. 1996. Economic consequences of accounting for stock-based compensation. Journal of Accounting Research 34 (supplement): 1-20.
    • (1996) Journal of Accounting Research , vol.34 , Issue.SUPPL.EMENT , pp. 1-20
    • Dechow, P.1    Hutton, A.2    Sloan, R.3
  • 18
    • 0001661273 scopus 로고
    • Incentives, downsizing, and value creation at General Dynamics
    • Dial, J., and K. Murphy. 1995. Incentives, downsizing, and value creation at General Dynamics. Journal of Financial Economics 37 (3): 261-314.
    • (1995) Journal of Financial Economics , vol.37 , Issue.3 , pp. 261-314
    • Dial, J.1    Murphy, K.2
  • 20
    • 0742321672 scopus 로고    scopus 로고
    • Impact of firm performance expectations on CEO turnover and replacement decisions
    • Farrell, K. A., and D. A. Whidbee. 2003. Impact of firm performance expectations on CEO turnover and replacement decisions. Journal of Accounting and Economics 36: 165-196.
    • (2003) Journal of Accounting and Economics , vol.36 , pp. 165-196
    • Farrell, K.A.1    Whidbee, D.A.2
  • 21
    • 39049154446 scopus 로고    scopus 로고
    • Federal Election Commission, Available at
    • Federal Election Commission. 2004. Federal Election Campaign Laws. Available at: http://www.fec.gov/law/feca/feca.pdf.
    • (2004) Federal Election Campaign Laws
  • 22
    • 39049095821 scopus 로고
    • Accounting for Stock-Based Compensation
    • Financial Accounting Standards Board FASB, Norwalk, CT: FASB
    • Financial Accounting Standards Board (FASB). 1993. Accounting for Stock-Based Compensation. FASB Exposure Draft. Norwalk, CT: FASB.
    • (1993) FASB Exposure Draft
  • 23
    • 39049141249 scopus 로고    scopus 로고
    • _. 1995. Accounting for Stock-Based Compensation. SFAS No. 123. Norwalk, CT: FASB.
    • _. 1995. Accounting for Stock-Based Compensation. SFAS No. 123. Norwalk, CT: FASB.
  • 24
    • 39049157431 scopus 로고    scopus 로고
    • _. 2004. Accounting for Stock-Based Compensation. SFAS No. 123(R). Norwalk, CT: FASB.
    • _. 2004. Accounting for Stock-Based Compensation. SFAS No. 123(R). Norwalk, CT: FASB.
  • 25
    • 84984252006 scopus 로고
    • Rent-seeking and U.S. corporate income tax laws
    • Spring
    • Freed, G., and C. Swenson. 1995. Rent-seeking and U.S. corporate income tax laws. Contemporary Accounting Research (Spring): 873-894.
    • (1995) Contemporary Accounting Research , pp. 873-894
    • Freed, G.1    Swenson, C.2
  • 26
    • 0007483789 scopus 로고    scopus 로고
    • New challenges for monetary policy
    • Chairman Alan Greenspan, August 27
    • Greenspan, A. 1999. New challenges for monetary policy. Remarks by Federal Reserve Board Chairman Alan Greenspan, August 27.
    • (1999) Remarks by Federal Reserve Board
    • Greenspan, A.1
  • 29
    • 84971690586 scopus 로고
    • Buying time: Moneyed interests and the mobilization of bias in congressional committees
    • Hall, R. L., and F. W. Wayman. 1990. Buying time: Moneyed interests and the mobilization of bias in congressional committees. American Political Science Review 84 (3): 797-820.
    • (1990) American Political Science Review , vol.84 , Issue.3 , pp. 797-820
    • Hall, R.L.1    Wayman, F.W.2
  • 30
    • 0001766028 scopus 로고
    • The common structure of statistical models of truncation, sample selection, and limited dependent variables, and a simple estimator for such models
    • Heckman, J. 1976. The common structure of statistical models of truncation, sample selection, and limited dependent variables, and a simple estimator for such models. Annals of Economic and Social Measurement 5: 475-492.
    • (1976) Annals of Economic and Social Measurement , vol.5 , pp. 475-492
    • Heckman, J.1
  • 32
    • 8744225642 scopus 로고    scopus 로고
    • Corporate lobbying behavior on accounting for stock-based compensation: Venue and format choices
    • Hill, N., S. Shelton, and K. Stevens. 2002. Corporate lobbying behavior on accounting for stock-based compensation: Venue and format choices. Abacus 38: 78-90.
    • (2002) Abacus , vol.38 , pp. 78-90
    • Hill, N.1    Shelton, S.2    Stevens, K.3
  • 33
    • 0742321678 scopus 로고    scopus 로고
    • Limited attention, information disclosure, and financial reporting
    • Hirshleifer, D., S. Lim, and S. Teoh. 2003. Limited attention, information disclosure, and financial reporting. Journal of Accounting and Economics 36 (1-3): 337-386.
    • (2003) Journal of Accounting and Economics , vol.36 , Issue.1-3 , pp. 337-386
    • Hirshleifer, D.1    Lim, S.2    Teoh, S.3
  • 34
    • 3943086218 scopus 로고    scopus 로고
    • Does search-facilitating technology improve the transparency of financial reporting?
    • Hodge, F., J. Kennedy, and L. Maines. 2004. Does search-facilitating technology improve the transparency of financial reporting? The Accounting Review 79: 687-703.
    • (2004) The Accounting Review , vol.79 , pp. 687-703
    • Hodge, F.1    Kennedy, J.2    Maines, L.3
  • 35
    • 27144435490 scopus 로고    scopus 로고
    • Management compensation and earnings-based covenants in resolving adverse selection in credit markets
    • Hughes, J. S., and C. B. Levine. 2005. Management compensation and earnings-based covenants in resolving adverse selection in credit markets. Journal of Corporate Finance 11 (5): 832-850.
    • (2005) Journal of Corporate Finance , vol.11 , Issue.5 , pp. 832-850
    • Hughes, J.S.1    Levine, C.B.2
  • 36
    • 0030560548 scopus 로고    scopus 로고
    • Political constraints on executive compensation: Evidence from the electric utility industry
    • Joskow, P., N. Rose, and C. Wolfram. 1996. Political constraints on executive compensation: Evidence from the electric utility industry. Rand Journal of Economics 27 (1): 165-82.
    • (1996) Rand Journal of Economics , vol.27 , Issue.1 , pp. 165-182
    • Joskow, P.1    Rose, N.2    Wolfram, C.3
  • 37
    • 0041426725 scopus 로고    scopus 로고
    • Economic consequences of regulated changes in disclosure: The case of executive compensation
    • Lo, K. 2003. Economic consequences of regulated changes in disclosure: The case of executive compensation. Journal of Accounting and Economics 35 (3): 285-314.
    • (2003) Journal of Accounting and Economics , vol.35 , Issue.3 , pp. 285-314
    • Lo, K.1
  • 38
    • 39049096836 scopus 로고    scopus 로고
    • Stock option expensing more likely. Available at
    • Mark, R. 2005. Senate: Stock option expensing more likely. Available at: http://www.internetnews.com/bus-news/article.php/3489026.
    • (2005) Senate
    • Mark, R.1
  • 39
    • 39049145815 scopus 로고    scopus 로고
    • Accounting issues: American Jobs Creation Act of 2004
    • November
    • McConnell, P., J. Pegg, C. Senyek, and D. Mott. 2004. Accounting issues: American Jobs Creation Act of 2004. Bear Stearns (November).
    • (2004) Bear Stearns
    • McConnell, P.1    Pegg, J.2    Senyek, C.3    Mott, D.4
  • 40
    • 0007027397 scopus 로고    scopus 로고
    • Corporate PAC campaign contributions in perspective
    • Milyo, J., D. Primo, and T. Groseclose. 2000. Corporate PAC campaign contributions in perspective. Business and Politics 2 (1): 75-88.
    • (2000) Business and Politics , vol.2 , Issue.1 , pp. 75-88
    • Milyo, J.1    Primo, D.2    Groseclose, T.3
  • 41
    • 84997994340 scopus 로고    scopus 로고
    • Reporting choice and the 1992 proxy disclosure rules
    • Murphy, K. 1996. Reporting choice and the 1992 proxy disclosure rules. Journal of Accounting, Auditing and Finance 11 (3): 497-515.
    • (1996) Journal of Accounting, Auditing and Finance , vol.11 , Issue.3 , pp. 497-515
    • Murphy, K.1
  • 42
    • 0001042527 scopus 로고    scopus 로고
    • Executive compensation
    • edited by O. Ashenfelter, and D. Card. Amsterdam, The Netherlands: Elsevier North Holland
    • _. 1999. Executive compensation. In Handbook of Labor Economics, Vol. 3, edited by O. Ashenfelter, and D. Card. Amsterdam, The Netherlands: Elsevier North Holland.
    • (1999) Handbook of Labor Economics , vol.3
    • Murphy, K.1
  • 43
    • 84965431156 scopus 로고
    • Corporate lobbying strategy and pension accounting deliberations: An empirical analysis
    • Ndubizu, G., Y. Choi, and R. Jain. 1993. Corporate lobbying strategy and pension accounting deliberations: An empirical analysis. Journal of Accounting, Auditing & Finance 8 (3): 277-287.
    • (1993) Journal of Accounting, Auditing & Finance , vol.8 , Issue.3 , pp. 277-287
    • Ndubizu, G.1    Choi, Y.2    Jain, R.3
  • 44
    • 39049170345 scopus 로고    scopus 로고
    • Nettrends: Hidden costs of high-tech stock options
    • Orr, A. 2001. Nettrends: Hidden costs of high-tech stock options. Reuters (July 5).
    • (2001) Reuters (July 5)
    • Orr, A.1
  • 46
    • 84928441906 scopus 로고
    • Corporate performance and CEO turnover: The role of performance expectation
    • Puffer, S. M., and J. B. Weintrop. 1991. Corporate performance and CEO turnover: The role of performance expectation. Administrative Science Quarterly 36: 1-19.
    • (1991) Administrative Science Quarterly , vol.36 , pp. 1-19
    • Puffer, S.M.1    Weintrop, J.B.2
  • 48
    • 39049139428 scopus 로고    scopus 로고
    • Office politics
    • July 1
    • Reason, T. 2004. Office politics. CFO Magazine (July 1).
    • (2004) CFO Magazine
    • Reason, T.1
  • 50
    • 0000798198 scopus 로고
    • On the accounting valuation of employee stock options
    • Fall
    • Rubenstein, M. 1995. On the accounting valuation of employee stock options. Journal of Derivatives (Fall): 8-24
    • (1995) Journal of Derivatives , pp. 8-24
    • Rubenstein, M.1
  • 52
    • 84933495878 scopus 로고
    • Long-term investing in politicians; or, give early, give often
    • Snyder, J. 1992. Long-term investing in politicians; or, give early, give often. Journal of Law and Economics 35 (1): 15-43.
    • (1992) Journal of Law and Economics , vol.35 , Issue.1 , pp. 15-43
    • Snyder, J.1
  • 53
    • 84933492475 scopus 로고
    • Are contributors rational? Untangling strategies of political action committees
    • Stratmann, T. 1992. Are contributors rational? Untangling strategies of political action committees. The Journal of Political Economy 100: 647-664.
    • (1992) The Journal of Political Economy , vol.100 , pp. 647-664
    • Stratmann, T.1
  • 54
    • 21844518305 scopus 로고
    • Campaign contributions and congressional voting: Does the timing of contributions matter?
    • _. 1995. Campaign contributions and congressional voting: Does the timing of contributions matter? The Review of Economics and Statistics: 127-136.
    • (1995) The Review of Economics and Statistics , pp. 127-136
    • Stratmann, T.1
  • 55
    • 0347806508 scopus 로고    scopus 로고
    • The market for congressional votes: Is timing of contributions everything?
    • _. 1998. The market for congressional votes: Is timing of contributions everything? Journal of Law and Economics 41 (1): 85-113.
    • (1998) Journal of Law and Economics , vol.41 , Issue.1 , pp. 85-113
    • Stratmann, T.1
  • 56
    • 38149148207 scopus 로고
    • Debt-covenant violations and managers' accounting responses
    • Sweeney, A. P. 1992. Debt-covenant violations and managers' accounting responses. Journal of Accounting and Economics 17: 281-308.
    • (1992) Journal of Accounting and Economics , vol.17 , pp. 281-308
    • Sweeney, A.P.1
  • 57
    • 39049141726 scopus 로고    scopus 로고
    • U.S. Department of Labor, Bureau of Labor Statistics. 2000. Pilot study on the incidence of stock options in private industry in 1999. October 11. Washington, D.C.: Government Printing Office.
    • U.S. Department of Labor, Bureau of Labor Statistics. 2000. Pilot study on the incidence of stock options in private industry in 1999. October 11. Washington, D.C.: Government Printing Office.
  • 58
    • 39049103956 scopus 로고    scopus 로고
    • Watson Wyatt Worldwide. 2005. Total stock option values have declined sharply since 2001, Watson Wyatt survey finds. Press release, October 11. Available at: http://www.watsonwyatt.com/news/press.asp?ID=15249.
    • Watson Wyatt Worldwide. 2005. Total stock option values have declined sharply since 2001, Watson Wyatt survey finds. Press release, October 11. Available at: http://www.watsonwyatt.com/news/press.asp?ID=15249.
  • 60
    • 54649083669 scopus 로고    scopus 로고
    • Companies' modest claims about the value of CEO stock option awards
    • Yermack, D. 1998. Companies' modest claims about the value of CEO stock option awards. Review of Quantitative Finance and Accounting 10: 207-226.
    • (1998) Review of Quantitative Finance and Accounting , vol.10 , pp. 207-226
    • Yermack, D.1
  • 61
    • 0005695112 scopus 로고    scopus 로고
    • Political lobbying on proposed standards: A challenge to the IASB
    • Zeff, S. 2002. "Political" lobbying on proposed standards: A challenge to the IASB. Accounting Horizons 16: 43-54.
    • (2002) Accounting Horizons , vol.16 , pp. 43-54
    • Zeff, S.1
  • 62
    • 0000232095 scopus 로고    scopus 로고
    • CEO compensation in the 1990s: Shareholder alignment or shareholder expropriation?
    • Zenner, M., and T. Perry. 1997. CEO compensation in the 1990s: Shareholder alignment or shareholder expropriation? Wake Forest Law Review 35: 123-152.
    • (1997) Wake Forest Law Review , vol.35 , pp. 123-152
    • Zenner, M.1    Perry, T.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.