财务报告和披露规则的经济后果：回顾和对未来研究的建议外文翻译.docVIP

本科毕业论文（设计） 外 文 翻 译 题 目 论财务报表列报的改革 专 业 会 计 学 外文题目 Economic Consequences of Financial Reporting and Disclosure Regulation :A Review and Suggestion for Future Research 外文出处 SOCAIL SCIENCE RESEARCH NETWORK 外文作者 Christian Leuz Peter D.Wysocki 原文： Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research* Abstract This paper surveys the theoretical and empirical literature on the economic consequences of financial reporting and disclosure regulation. We integrate theoretical and empirical studies from accounting, economics, finance and law in order to contribute to the cross-fertilization of these fields. We provide an organizing framework that identifies firm-specific (micro-level) and market-wide (macro-level) costs and benefits of firms? reporting and disclosure activities and then use this framework to discuss potential costs and benefits of regulating these activities and to organize the key insights from the literature. Our survey highlights important unanswered questions and concludes with numerous suggestions for future research. Three recent trends have spurred the debate about financial reporting and disclosure regulations around the world. First, international financial crises and corporate scandals often bring about securities regulation reforms and greater reporting and disclosure requirements. The Asian Financial Crisis of 1997, the Enron debacle in the U.S., and the recent credit market crisis are but a few important examples. In the aftermath of these events, regulators and policy makers have called for improved corporate transparency, increased scrutiny and often enacted significant changes to accounting and disclosure requirements and regulations. Second, stock exchanges and accounting standards bodies from numerous countries around the world