A2_Towards an understanding of the role of standard setters in standard setting.docxVIP

Towards an understanding of the role of standard setters in standard setting向标准制定者的标准制定中的作用的认识1. IntroductionabstractWe investigate the effect of standard setters in standard setting. We examine how certain professional and political characteristics of FASB members and SEC commis- sioners predict the accounting ‘‘reliability’’ and ‘‘relevance’’ of proposed standards. Notably, we find FASB members with backgrounds in financial services are more likely to propose standards that decrease ‘‘reliability’’ and increase ‘‘relevance,’’ partly due to their tendency to propose fair-value methods. We fin