Positive Accounting Theory: A Ten Year Perspective.
回顾并评述了Watts和Zimmerman（1978, 1979）之后的实证会计文献，澄清了方法论上的误解，并提出了改进会计选择实证研究的建议，包括加强理论与实证检验的联系、考虑变量内生性以及减少测量误差。
Abstract This paper reviews and critiques the positive accounting literature following publication of Watts and Zimmerman (1978, 1979). The 1978 paper helped generate the positive accounting literature which offers an explanation of accounting practice, suggests the importance of contracting costs, and has led to the discovery of some previously unknown empirical regularities. The 1979 paper produced a methodological debate that has not been very productive. This paper attempts to remove some common misconceptions about methodology that surfaced in the debate. It also suggests ways to improve positive research in accounting choice. The most important of these improvements is tighter links between the theory and the empirical tests. A second suggested improvement is the development of models that recognize the endogeneity among the variables in the regressions. A third improvement is reduction in measurement errors in both the dependent and independent variables in the regressions.