The Economics of Accounting - Richard (Nicholas Dopuch Professor of Accounting Frankel - Bog

The Economics of Accounting explores how accounting plays a vital role in driving business efficiency and creating value. The book reveals the economic significance of accounting outputs, particularly earnings, in optimizing firm performance. It showcases how accounting information enhances decision-making within organizations, reduces information gaps in financial markets, and facilitates price discovery. The book highlights that, contrary to common misconceptions, accounting not only maximizes shareholder value but also promotes stakeholder protection, leading to increased value creation.