What they added to the categorisation methods or taxonomies is discussed next. They partly
distinguish their categories on the user of accounting information. They describe the category
of regulation and standard setting research, which is different from the Scott and Belkaoui’s
approaches. Especially adding the research category manager’s disclosure decisions might
provide new insights. Within this category they discuss financial voluntary disclosures, which
are extensively discussed in Verrecchia (2001) and Dye (2001). Within this sub-category they
identified the credibility of financial voluntary disclosures, which are in many cases financial
forecasts. The latter can be linked to the full disclosure concept and information asymmetry.
This has been called information economics by others. Healy and Palepu’s regulation and
standard setting is seen as a separate category, which has strong ties with the capital markets
category, because its focus on corporate value.