Management Preferences Over Accounting Standards: A Replication and Additional Tests.
复制并扩展了Watts和Zimmerman关于管理层对会计准则偏好的经典研究，使用更大样本和替代变量后发现原理论的分类能力显著下降。
Abstract ABSTRACT: Watts and Zimmerman [1978] tested their theory regarding management preferences over accounting standards using submissions on the General Price Level Discussion Memorandum. We first replicate the Watts-Zimmerman study using the same sample and then compare these results with identical tests, based on a larger sample comprised of Exposure Draft submissions. Several biases are identified in the Watts-Zimmerman test procedures. When corrected, the theory's classificatory power deteriorates significantly on both the DM and ED samples. Alternative measurements of the predictor variables are introduced, as well as additional tests, in an attempt to improve the theory's performance. However, the theory's performance remains unimpressive.