Abstract

Abstract The literature on public information system choice (for example, Demski, 1973, 1974) points to the conclusion that the choice of a public information system is inherently chaotic. This conclusion seems to conflict with the actual development of accounting standards. The conflict can be partly explained by the lack of sufficient structure in the frameworks of analysis used in the existing literature. This paper shows that, once certain minimal institutional factors and their effects on preferences, or the perception of such, are included in a model of public information system choice, then such a choice need not be chaotic.

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