Hi, i'm writing my master's degree thesis. In the first chapter, after talking about corporate governance, corporate governance mechanisms and the role of accounting in the corporate governance, i want to talk about how accounting improves economic performance. Do you have some advice? How does accounting improve economic performance? If you have some paper, please, attach. g
Hi,
I can advise you to read this article:
Biddle GC, Hilary G, Verdi VC, (2009) " How does financial reporting quality relate to investment efficiency?", Journal of Accounting and Economics, 48, (2/3), p 112 -131.
regards
Sure it does! by inhacing corporate governance, implementing internal control habits, best management practices..
Dear Sergio,
Accounting lies at the very heart of economic performance. It may be not a profit center in the traditional meaning of this term, but how do you want to control for the profitability / performance of a product or service offered without proper accounting for the expenses incurred? Yet, you need accounting data in order to control for expenses, to channel expenses and to improve profitability and performance.
At the very basic level of enterpreneurship several jurisdictions allow to use very simplified bookkeeping techniques as it is assumed that sole traders and small contractors are able to control for their income and expenses due to the simplicity of their operations. But once business reaches an advanced level, performance can get out of control without proper accounting.
Paul
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