Corporate Preferences for Foreign Currency Accounting Standards
研究跨国公司管理层在1981年选择外币折算会计准则（SFAS No.8或SFAS No.52）的偏好，发现多数公司选择了能提高报告利润的准则。
This paper reports on managements' choices of accounting methods when firms were able to choose between Statement of Financial Accounting Standards (SFAS) No. 8 or SFAS No. 52. For 1981 annual reports, managers of multinational corporations could select either SFAS No. 8, which requires translation gains or losses to be included in net income, or SFAS No. 52, which takes such gains or losses directly to the balance sheet. Having examined the annual reports of the largest industrial and commercial banking corporations which reported sufficient data on translation gains and losses, I conclude that the majority selected the accounting standard which increased their reported income.