Accounting & Information Economics I
Course Number: 47718
short course introduces a basic information-economic theme in accounting theory. That is, viewed as a source of information, accounting assumes the economic role of facilitating and influencing decision-making under uncertainty. We start with two essential information-based economic problems moral hazard and adverse selection respectively. After a broad introduction, we explore accounting problems, which have their roots in these two basic problems. Examples are (1) incentive cost in corporate finance, (2) monitoring in teams; (3) corporate disclosure in financial market.
Academic Year: 2020-2021
Semester(s): Mini 1