Formerly Graduate School of Industrial Administration (GSIA)
William Larimer Mellon, Founder
Schenley Park
Pittsburgh, Pennsylvania 15213-3890
United States of America

Pierre Jinghong Liang
Associate Professor of Accounting

Information Economics and Accounting Measurement:
A Blueprint for Scholarly Research

Pierre Jinghong Liang
Carnegie Mellon University

Xiao-Jun Zhang
University of California, Berkeley
 

China Accounting Review, 2008, vol.6, No 1, p.109-118.

The essay is based on a plenary speech given by Pierre Jinghong Liang at the Sixth International Symposium on Empirical Accounting Research held at Xiamen, China on December 16, 2007.
 
Downloading the paper
2007-December Draft
 
Abstract
In this essay, we wish to make a single, simple argument. That is, if information problems are the primary root of the accounting problems, then modern information economics should be the center of accounting research, education, and policy-making. In making this argument we plan to first revisit an long-standing accounting question. Using the question as a spring-board, we retrace the rise of information economics in the accounting discipline. Finally, we argue that to answer similarly posed questions, accounting theory needs a (modern) information-economics core. It also needs to build accounting structure based on the core. Such an accounting theory, hopefully, connects with the existing framework of accounting practice at a fundamental level and ought to guide accounting research, education, and policy-making. The essay is based on a plenary speech given by the first author at the Sixth International Symposium on Empirical Accounting Research held at Xiamen, China on December 14-16, 2007.
 
 
 
   

  English Version
Last updated March 6, 2011
send comments to liangj@andrew.cmu.edu 		Chinese Version
Last updated January 6, 2004
send comments to liangj@andrew.cmu.edu