Essays in Accounting Theory in Honour of Joel S. Demski [Paperback]

The integration of accounting and the economics of information developed by Joel S. Demski and those he inspired has revolutionized accounting thought. This volume collects papers on accounting theory in honor of Professor Demski. The book also contains an extensive review of Professor Demskis own contributions to the theory of accounting over the past four decades.

Essays on Accounting Theory in Honour of Joel S. Demski is a collection of previously unpublished essays on accounting theory. The contributors are students, collaborators, colleagues and friends of Professor Joel S. Demski. Most of the contributors share Professor Demskis view of accounting as the production and consumption of a very special and powerful economic good called information. Like Professor Demski, they also prefer an economic analytic approach to accounting theory. However, some contributors have chosen other perspectives on the field of accounting.

The book also contains an extensive review of Professor Demskis own contributions, to the theory of accounting over the past four decades, written by Jerry Feltham, professor emeritus at the University of British Columbia. The integration of Accounting and the Economics of information worked out by Joel Demski and those he inspired has revolutionized accounting thought.

Joel S. Demski: A Leader in Accounting Scholarship.- Joel S. Demski: A Leader in Accounting Scholarship.- General Theory.- Fair Value, Accounting Aggregation and Multiple Sources of Information.- Equilibrium Voluntary Disclosures when Firms Possess Random Multi-Dimensional Private Information.- Synergy, Quantum Probabilities, and Cost of Control.- Moral Hazard with Hidden Information.- On The Subtleties of the Principal-Agent Model.- Applied Theory.- Incentive Problems and Investment Timing Options.- Aligning Incentives by Capping Bonuses.- The Controllability Principle in Responsibility Accounting: Another Look.- Public Dl½