In order to understand empirical work on political lobbying the literature review first
provides an overview of major theories of regulation and their application to
accounting standard setting in section 3.2. This is followed by a review of the
empirical work on accounting lobbying in section 3.3. This review also outlines some
of the constraints imposed by the methodologies commonly applied in this line of
research. As text analysis is proposed as a way of overcoming these constraints,
section 3.4 outlines the use of computerised text analysis in recent accounting and
finance literature and its potential application to accounting lobbying research. Section
3.5 concludes