The determinants and consequences of big 4 lobbying positions on proposed accounting standards

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dc.contributor.advisorMcInnis, John M.
dc.contributor.committeeMemberJennings, Ross
dc.contributor.committeeMemberDonelson, Dain
dc.contributor.committeeMemberWerner, Timothy
dc.contributor.committeeMemberYu, Yong
dc.creatorMonsen, Brian Robert
dc.date.accessioned2019-01-30T17:44:52Z
dc.date.available2019-01-30T17:44:52Z
dc.date.created2018-12
dc.date.issued2018-11-01
dc.date.submittedDecember 2018
dc.date.updated2019-01-30T17:44:52Z
dc.description.abstractDespite the considerable participation of Big 4 accounting firms in accounting standard setting, no studies provide systematic evidence on what factors shape Big 4 lobbying positions or whether their positions materially influence standards. Using textual analysis of comment letters to measure lobbying positions on FASB exposure drafts, I seek to provide such evidence. I find that Big 4 lobbying positions reflect incentives to increase fee-generating work and maintain client relationships, and that Big 4 support for fee-increasing proposals is constrained by client opposition. Big 4 lobbying positions are significantly associated with standard setting outcomes, both in isolation as well as relative to other FASB constituents, including financial statement preparers and users. My results indicate financial statement users are neither directly (via comment letter lobbying) nor indirectly (via Big 4 advocacy) influential in the comment letter phase of FASB due process.
dc.description.departmentAccounting
dc.format.mimetypeapplication/pdf
dc.identifierdoi:10.15781/T2W08X34M
dc.identifier.urihttp://hdl.handle.net/2152/72675
dc.subjectAccounting standards
dc.subjectStandard setting
dc.subjectFinancial Accounting Standards Board
dc.subjectFASB
dc.subjectAuditors
dc.subjectLobbying
dc.titleThe determinants and consequences of big 4 lobbying positions on proposed accounting standards
dc.typeThesis
dc.type.materialtext
thesis.degree.departmentAccounting
thesis.degree.disciplineAccounting
thesis.degree.grantorThe University of Texas at Austin
thesis.degree.levelDoctoral
thesis.degree.nameDoctor of Philosophy

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