The Economics of Accounting 1st Edition

The Economics of Accounting (1st Edition) by Richard Frankel, S. P. Kothari, and Luo Zuo offers a rigorous, accessible bridge between economic theory and accounting practice—essential reading for students, researchers, and finance professionals aiming to understand why accounting numbers matter in markets worldwide.

Opening with clear, compelling examples, this book reframes financial reporting as an economic phenomenon driven by incentives, contracts, and information asymmetries. Readers will find lucid explanations of how accounting choices influence investors, managers, auditors, and regulators, with a careful balance of theory, empirical evidence, and policy relevance. Topics include earnings quality, capital markets responses, tax and regulation impacts, and the role of disclosure under both US GAAP and international reporting regimes.

Rich in analytical frameworks, the text equips readers to evaluate real-world accounting problems—from corporate governance disputes in North America to disclosure practices in Europe and Asia—making it highly geo-relevant for global business and academic audiences. Chapters emphasize practical implications for valuation, risk assessment, and financial decision-making, without sacrificing scholarly depth. Methodological transparency and clear examples help newcomers build intuition while providing researchers with a foundation for further study.

Whether you’re preparing for advanced coursework, enhancing professional judgment, or curating an academic library, The Economics of Accounting is a definitive resource that sharpens analytical skills and deepens understanding of the economic forces shaping financial reporting. Invest in a text that speaks to contemporary regulatory debates and market dynamics—order your copy today to bring evidence-based accounting insight into your classroom, boardroom, or research.

Note: eBooks do not include supplementary materials such as CDs, access codes, etc.