Accounting & Auditing: Interaction in the regulation and research ...
Accounting & Auditing: Interaction in the regulation and research ...
Accounting & Auditing: Interaction in the regulation and research ...
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Normative <strong>regulation</strong> <strong>the</strong>ory 3<br />
• Regulation supports network effects<br />
because of<br />
– <strong>in</strong>creas<strong>in</strong>g returns for accumulated <strong>in</strong>formation<br />
– learn<strong>in</strong>g effects<br />
– comparability of f<strong>in</strong>ancial statements<br />
– economies of scale<br />
– large <strong>and</strong> cheap supply of complementary<br />
goods, e.g. audit<strong>in</strong>g services & techniques<br />
W. Ballwieser: <strong>Account<strong>in</strong>g</strong> <strong>and</strong> <strong>Audit<strong>in</strong>g</strong> 8