Political Standards: Corporate Interest,Ideology and Leadership in the Shaping of Accounting Rules for the Market Economy (Hardback)Karthik Ramanna (author)
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Publisher: The University of Chicago Press
Number of pages: 298
Weight: 1284 g
Dimensions: 296 x 128 x 23 mm
--Christian Sarkar "Accounting Review" (6/5/2017 12:00:00 AM)
"Ramanna examines the accounting standard-setting process, . . . argu[ing] that the process is flawed largely because it exists in what he describes as a "thin political market." In such an environment, the standards are created, of necessity, by the limited number of individuals possessing the requisite technical knowledge and skill to do so. Recommended."
--Anat R. Admati, Graduate School of Business, Stanford University, coauthor of The Bankers' New Clothes: What's Wrong with Banking and What to Do about It "Choice" (4/25/2016 12:00:00 AM)
"Political Standards is a timely and important addition to the literature on standard-setting and how a few self-interested specialists, with little opposition, are able to 'capture' the process and weaken the foundation of free-market capitalism. Ramanna's command of--and passion for--accounting standards brings this otherwise sterile topic to life through a series of teachable stories and concludes with a clarion call to the moral fiber of managers to act ethically and in the interest of competitive capital markets instead of lobbying to advance their--and their shareholders'--self-interest."--S. P. Kothari, MIT Sloan School of Management
"In Political Standards, Ramanna explores an extremely important matter for the efficient functioning of capital markets in a very methodical manner with penetrating analysis. I am sure this book will generate much needed discussion in public policy circles to address the issues raised. The subject matter covered is not only relevant to accounting standard setting but to all areas of public policy."--Prabhakar "PK" Kalavacherla, former board member at the International Accounting Standards Board (IASB)
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