You Can Trust Your Car to the Man Who Wears the Star: A Look at Discretionary Disclosure by Texaco
✍ Scribed by Sabam Hutajulu; Timothy J. Fogarty
- Book ID
- 104345584
- Publisher
- Elsevier Science
- Year
- 2006
- Tongue
- English
- Weight
- 278 KB
- Volume
- 22
- Category
- Article
- ISSN
- 0882-6110
No coin nor oath required. For personal study only.
✦ Synopsis
The accounting literature has focused upon cross-sectional analyses of mandated disclosures. This study instead assesses discretionary disclosure over a long period of time. Rather than select a single element of disclosure for many companies, this study attempts to summarize and appreciate the entirety of discretionary disclosure for a single company. In 2001, the Texaco Corporation was merged with Chevron, ending a 98-year history as a reporting entity. A review of their discretionary disclosures over the years demonstrates both the strategic and the reflective nature of corporate communications in its correlations to several variables that are also tracked over the history of this company.
Most observers trace the emergence of the modern accounting profession back to the passage of the Securities Laws of 1933 and 1934. As regulation compelled the production of information, verification became necessary. Eventually, academic accountants began systematic inquiries into the