The structure of the paper is as follows. Following this introduction, Section 2 presents
the dependent factor of accounting choice; in order to understand the choice made by a
corporation, the reader should be acquainted with the accounting traditions of Sweden
and the opportunity set of accounting standards that are offered to the decision makers of
Swedish municipal corporations (abbreviated SMCs). Section 3 provides the theory of the
paper, from which the collection of hypotheses from PAT and IT are derived. Section 4
contains the method, including the operationalization of the variables, and the collection of
the sample. Section 5 presents the results from the logistic regression analysis. Section 6
summarizes and draws theoretical conclusions