On Optimal Choice of Inventory Accounting Method.
论证投资者选择存货会计方法是为了在激励效应和税收收益之间优化权衡，分析了经理人在选择会计政策中的作用以及FIFO与LIFO的成本权衡。
Abstract Argues that investors choose an inventory accounting method to optimize the trade-off between incentive effect and tax gain. Role of manager in choosing the accounting policy; Description of setting; Analysis of cost trade-off between incentive effect and tax gain; First in, first out (FIFO) versus last in, first out (LIFO).