TY  - BOOK
AU  - Shivakumar,Lakshmanan
TI  - The role of financial reporting in debt contracting and in stewardship
SN  - 00014788
AV  - HD30.4 ACC 
PY  - 2013///
CY  - Abingdon
PB  - Routledge
KW  - Financial reporting
KW  - Contracting
KW  - Stewardship
N2  - In this paper, I review the role that financial accounting plays in contracts aimed at mitigating agency problems between shareholders and managers and between shareholders and debtholders. The paper discusses the reasons why and how financial accounting numbers are used in debt and stewardship contracting. It further considers the effects of conservatism and fair-value accounting on the relevance of financial reports for contracting. The paper provides some key takeaways from academic literature for accounting practice and regulation
UR  - https://doi.org/10.1080/00014788.2013.785683
ER  -