FINANCIAL REPORTING CONSEQUENCES OF CAPITAL XENOPHOBIA

  • David Godsell University of Illinois at Urbana-Champaign

Resumo

The purpose of this editorial is to describe financial protectionism as a potentially important determinant of financial reporting outcomes. Fear of foreign capital, or capital xenophobia, spurs financial protectionism. Examining the effects of financial protectionism on financial reporting outcomes potentially permits an expansion of positive accounting theory and, in particular, the political cost hypothesis. I first describe extant literature examining the political cost hypothesis. I then describe national-security related drivers of capital xenophobia. Next, I examine settings in which we can observe variation in financial protectionism. I conclude by positing varied paths by which financial protectionism can affect financial reporting outcomes.

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Publicado
02-10-2019
Como Citar
Godsell, D. (2019). FINANCIAL REPORTING CONSEQUENCES OF CAPITAL XENOPHOBIA. Revista De Educação E Pesquisa Em Contabilidade (REPeC), 13(3). https://doi.org/10.17524/repec.v13i3.2404
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Artigos