The Choice of Accounting Policy in Developing Countries: Case of the State of Kuwait (An Empirical Investigation of the Validity of the Positive Theory)

摘要: This paper concentrates on reviewing and examining some of the accounting methods that were developed by Watts Zimmerman (1978) others. The main purpose this is to investigate examine factors which potentially influence Kuwaiti managers' Decisions related choices policies in relation companies listed Kuwait stock exchange.Many have been suggested affect choice policy U.S. managers (e.g., Zimmerman's (1986) positive theory) such as agency theory, compensation contracts debt situation. However, general business characteristics environment differ, sometimes drastically, from those developing countries (the case State Kuwait). Factors affecting may not same or degree effect Kuwait, at time, new be identified environment, an increase decrease country another country. introduces in-depth ideas researches its using decision policy, aim, methodology, assumptions, rules choice, key findings theory validity financial markets regarding choices, clear insights into determinants Kuwait. also shows empirical evidence data gathered European totally different we arrived performing investigation "state Kuwait", choice. will uses statistical regression analysis ( liner- step wise- backward multivariate analysis) Statistical Package for Social Science (SPSS), a sample (38) working market depend hypothetical-deductive style, statements depending make assumptions about manager behavior alternative reasons based critical assumption mangers choose enhance shareholder value.