This study examines three leading US railroads during the years before the Civil War. Although these were private corporations, various governments assisted the railroads. Governmental involvement in the construction of railroads can be justified from the importance that railroads played in economic development in the areas the tracks bisected, as well asjustified due to the importance of railroads in linking together a region and for the provision of basic transportation that was otherwise lacking. It was seen that the government investment would have a direct financial payoff, hence, justifiable as a good investment. This examination focuses on the support provided by the public sector and the railroads' actions that acknowledged this public support. Public assistance in financing fledgling railroads had direct impacts upon financial reporting and public disclosure. One of these impacts was that annual reporting, a model used by governments, was introduced to nineteenth century businesses by means of railroads, a quasi-public enterprise.
Accounting, economic development and financial reporting: the case of three pre-Civil War US railroads
Abstract
This study examines three leading US railroads during the years before the Civil War. Although these were private corporations, various governments assisted the railroads. Governmental involvement in the construction of railroads can be justified from the importance that railroads played in economic development in the areas the tracks bisected, as well asjustified due to the importance of railroads in linking together a region and for the provision of basic transportation that was otherwise lacking. It was seen that the government investment would have a direct financial payoff, hence, justifiable as a good investment. This examination focuses on the support provided by the public sector and the railroads' actions that acknowledged this public support. Public assistance in financing fledgling railroads had direct impacts upon financial reporting and public disclosure. One of these impacts was that annual reporting, a model used by governments, was introduced to nineteenth century businesses by means of railroads, a quasi-public enterprise.Preview Only. This article cannot be rented because we do not currently have permission from the publisher.
/lp/sage/accounting-economic-development-and-financial-reporting-the-case-of-pow3gum9tt
Welcome to DeepDyve! Rent Premier Research Articles and Save Up to 90%
Preview Only
Accounting, economic development and financial reporting: the case of three pre-Civil War US railroads
Flesher,Dale L.; Samson,William D.; Previts,Gary J.
Follow Accounting History
, Volume 8 (2): 61
SAGE – Jul 1, 2003
More Info
More Like This Article
View All dataSource[]=actageo&dataSource[]=aspet&dataSource[]=aaos&dataSource[]=aacc&dataSource[]=aacr&dataSource[]=aea&dataSource[]=aip&dataSource[]=ajnr&dataSource[]=ams&dataSource[]=aps_physical&dataSource[]=appi_book&dataSource[]=appi_journal&dataSource[]=apha&dataSource[]=asip&dataSource[]=asm&dataSource[]=asn&dataSource[]=aspb&dataSource[]=avs&dataSource[]=annual_reviews&dataSource[]=arxiv&dataSource[]=acm&dataSource[]=berghahn&dataSource[]=cabi&dataSource[]=clinical_trials&dataSource[]=dailymed&dataSource[]=degruyter&dataSource[]=du_press&dataSource[]=esa&dataSource[]=eu_press&dataSource[]=elsevier&dataSource[]=emerald&dataSource[]=ejtr&dataSource[]=emea&dataSource[]=epo&dataSource[]=faseb&dataSource[]=gsa&dataSource[]=health_affairs&dataSource[]=hindawi&dataSource[]=imanager&dataSource[]=imedpub&dataSource[]=informa_healthcare&dataSource[]=informs&dataSource[]=iop&dataSource[]=iucr&dataSource[]=iospress&dataSource[]=jbjs&dataSource[]=leftcoast&dataSource[]=lu_press&dataSource[]=mesharpe&dataSource[]=mary_ann_liebert&dataSource[]=medline&dataSource[]=mit_press&dataSource[]=nature&dataSource[]=oxford&dataSource[]=pier_professional&dataSource[]=pnas&dataSource[]=portlandpress&dataSource[]=psyc_articles&dataSource[]=psyc_books&dataSource[]=psyc_critiques&dataSource[]=plos_journal&dataSource[]=pubmed_central&dataSource[]=rsna&dataSource[]=rockefeller&dataSource[]=rcn&dataSource[]=ria&dataSource[]=rsc&dataSource[]=sage&dataSource[]=spie&dataSource[]=springer_journal&dataSource[]=springer&dataSource[]=taylor_francis&dataSource[]=aps&dataSource[]=the_scientist&dataSource[]=uc_press&dataSource[]=uspto_abstract&dataSource[]=wiley&dataSource[]=pct
© 2012 DeepDyve, Inc. All rights reserved.
Terms of Service | Privacy Policy
