Dynamic Analysis of Inventory Accounting Choice
构建了一个存货会计选择的动态模型，分析企业随时间改变存货方法的原因，发现要素价格、企业规模和GNP变化等因素影响会计方法转换。
This study presents a dynamic model of inventory accounting choice and thereby permits a systematic consideration of that choice over time. I also restrict the dynamic model sufficiently to generate a static, crosssectional model similar to those used in previous studies (e.g., Lee and Hsieh [1985] and Caster and Simon [1986]). Estimation of the dynamic model identifies correlates of the change in inventory methods. Empirical estimates of the cross-sectional model extend previous research on firm characteristics related to the use of different inventory accounting methods. Consistent with theories of optimal inventory accounting choice, I find that factor prices play an important role in the accounting choice. Size, change in gross national product, and to a small extent industry membership also play a role in the transition. Assuming that managers act to maximize firm values, I develop an econometric threshold model in which a dichotomous inventory method choice is determined by an underlying continuous variable. A change occurs when the continuous variable crosses a threshold. The model is simplified by assuming that changes of accounting state follow a first-