TY - JOUR AU - Godsell, David PY - 2019/10/02 Y2 - 2024/03/28 TI - FINANCIAL REPORTING CONSEQUENCES OF CAPITAL XENOPHOBIA JF - Revista de Educação e Pesquisa em Contabilidade (REPeC) JA - REPeC VL - 13 IS - 3 SE - Artigos DO - 10.17524/repec.v13i3.2404 UR - https://www.repec.org.br/repec/article/view/2404 SP - AB - <p>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.</p> ER -