TheInformationApproachtoDecisionUsefulness课程.pptVIP

* A caveat About the “Best” accounting Policy The “Best” accounting policy is the one that produces the greatest market price response? Discussion: from a social perspective Accounting information is a public good: cost benefit Accounting Information as a Public Good (1) A public good is a good such that use by one person does not destroy it for use by another person Accounting information has public good characteristics Use by one person does not prevent its reuse by others Thus firm cannot charge users for accounting information * Accounting Information as a Public Good (2) Investors who d